Corporate News from 09.09.2019

CeoTronics AG publishes group figures for the financial year 2018/2019 with a very positive outlook

• EBIT T€ +608 (T€ +1,113 in comparison to the previous year)
• Group earnings before taxes T€ 418 (T€ +1,082 in comparison to previous year)
• Order backlog T€ 26,209 (+259.4% in comparison to previous year)
• Incoming orders T€ 35,834 (+87.2% in comparison to previous year)
• Group sales T€ 16,919

Rödermark, 9 September 2019 - CeoTronics AG achieved group sales of T€ 16,919 (previous year T€ 17,645) in the reporting period from 1 June 2018 until 31 May 2019 (financial year 2018/2019). This corresponds to a decline in sales compared with the previous year of 4.1%. Reasons for this negative sales development included, in particular, project delays (internal/external), the difficult situation in the material procurement market as well as longer delivery times at production suppliers.

The consolidated order backlog on 31 May 2019 amounted to T€ 26,209 and was able to be boosted by 259.4% compared with the previous year. By far the highest order backlog to the end of the year in the 34 years of the company’s history could be attained with this value. The current order backlog is not only characterised by its extremely high value but also by the higher number of larger projects and, above all, by the fact that many orders were processed over a longer period in several delivery batches and/or several performance stages. CeoTronics was therefore able to achieve a longer-term basic capacity utilisation, thereby establishing the preconditions for a continued positive business development wherever possible. Incoming orders enjoyed an increase in the financial year 2018/2019 by T€ 16,696 or 87.2% to T€ 35,834 compared with the previous year.

Group earnings before taxes in the financial year 2018/2019 amount to T€ 418 (previous year T€ -664) and were able to be improved by T€ 1,082 despite the decline in sales of 4.1%. An increased contribution margin as well as cost savings in particular contributed to a significantly improved EBIT (T€ 608 in comparison to T€ -505 in the previous year) and earnings before taxes.

Equity capital was reduced by T€ 413 from T€ 10,763 to T€ 10,350 in comparison to the previous year owing to the group earnings after taxes (T€ -318), among other factors. The equity ratio is now 49.2% (previous year 52.3%). The CeoTronics Group is continues to be characterised by a very good equity base.

The fourth quarter of the financial year 2018/2019 was rounded out with a sales plus of 32.3% to T€ 5,348 as well as an EBIT improvement of T€ 1,280 in comparison to the previous quarter.

“The extremely high order backlog and other major ongoing projects underscore our optimistic outlook for the financial years ahead. CT-Video GmbH will also benefit from this as a second production facility for CeoTronics products. CeoTronics can achieve annual sales of over € 25.0 million, hugely positive results and – as soon as the net profit exceeds the existing payout blocks – a long-term ability to pay dividends in the next few years.”, declared CEO Thomas H. Günther.

About CeoTronics

CeoTronics AG has become established as a leading system provider of mobile digital radio networks and end devices for local mobile applications as well as high-quality communication headsets and systems for professional use in the premium segment. With the highest advisory expertise, proximity to customers, optimal product quality in functionality and workmanship, the use of state-of-the-art technologies and the flexibility to develop customised systems, CeoTronics has risen to the top of the quality and performance pyramid since its foundation in 1985. CeoTronics products are predominantly used in Europe and in North America, in tough/difficult environments by fire brigades, state and federal police, the military, energy providers and power station operators, airlines/airports as well as by various other industrial sectors. For example in noise, when wearing breathing apparatus, helmets or protective suits or if both hands need to remain free for the actual work. And of course, concealed audio and video systems also belong to the core competence of CeoTronics AG.

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407) is quoted in the Basic Board of the Frankfurt Stock Exchange.

More information:
CeoTronics AG
Audio Video Data Communication
Investor Relations, Adam-Opel-Straße 6, 63322 Rödermark, Germany
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