Corporate News from 04.09.2023

Group key figures for fiscal year 2022/2023
• Consolidated revenue € 30,081 thousand (+ 3.3%)
• EBIT € 3,877 THOUSAND (+ 7.3%)
• Group profit before tax T€ 3,614 (+ 4.9%)
• Proposed dividend of € 0.15 per share

Rödermark, 4 September 2023 - In the reporting period from 1 June 2022 to 31 May 2023 (fiscal year 2022/2023), CeoTronics AG once again achieved a record level with consolidated revenues of € 30,081 thousand (previous year: € 29,124 thousand) - the „€ 30 million mark“ was exceeded for the first time in the company‘s history.

With the consolidated turnover as at 31 May 2023 (financial year 2022/2023), the highest turnover in the company‘s history was achieved for the 4th time in a row, and for five financial years (starting with the financial year 2018/2019), consolidated turnover has increased without interruption.

The consolidated order backlog as at 31 May 2023 changed by -55.1% compared to the high level of the previous year to a level of approx. 7.6 million. Due to larger projects with time delays, the order intake declined by -28% year-on-year. As reported in the half-yearly report, a certain restraint or temporary shift in priorities can be observed in some authorities after the investment surge of the previous years.
In the armed forces, there are one or two delays in the awarding of larger contracts - among other things due to the complicated and extensive procurement bureaucracy and the many procurement projects.

In the current reporting period 2022 / 2023, the Group EBIT increased by 7.3 % to € 3,877,000 compared to the previous year (€ 3,612,000). The EBIT margin increased accordingly by 0.5 percentage points to 12.9% compared to the 2021 / 2022 financial year.

The 2022 / 2023 business year was concluded with record results. The consolidated profit before tax amounted to K€ 3,614 (previous year K€ 3,445) and could be increased by 4.9 % (previous year 13.0 %). The consolidated profit increased again by T€ 23 from T€ 2,506 to T€ 2,529. The return on sales changed from 8.6 % to 8.4 % compared to the previous year.

Equity increased by € 1,530,000 to € 17,241,000 compared to the previous year (€ 15,711,000). The equity ratio is now 58.7 % (previous year 54.7 %).

The consolidated gross cash flow decreased by T€ 615 from T€ 4,242 to T€ 3,627 in the 2022 / 2023 financial year.

Sufficient overall liquidity enables CeoTronics to make the necessary procurements or stockpile for future larger orders. Preparations to be able to produce much larger quantities in a shorter period of time also include the development and procurement of special technical devices that perform quality testing and programming of our CT MultiPTT 1C and 3C and our CT DECT Multi.

CeoTronics also faced disrupted supply chains during the reporting period 1 June 2022 to 31 May 2023. However, we were able to compensate for the negative effects through special measures in stockpiling and logistics as well as through positive business development with the German Armed Forces and the defence industry. Not only have material procurement costs increased, but also, for example, personnel, energy, travel and packaging costs. In addition, since the end of the pandemic, the cost structure has again been burdened by various trade fair participations at home and abroad.

In summary, it can be said that everything that CeoTronics could influence was once again optimally designed and thus positive results were once again achieved.

The CeoTronics share price developed negatively in the reporting period (1 June 2022 to 31 May 2023) with -29.4% (after +39% in the same period of the previous year). BankM analysts determined a share price target of € 6.49 on 3 June 2023.

We are pleased to be able to pay dividends again. However, we would also like to use our liquid funds to safeguard our ability to deliver and thus secure sales, and to plan for a safety reserve. For this reason, as part of the appropriation of profits, the Board of Management of CeoTronics AG proposes that the Supervisory Board recommends to the Annual General Meeting that a dividend of € 0.15 per share be distributed from the net retained profits and that the remaining net retained profits be carried forward to strengthen CeoTronics AG‘s equity.

„The major projects currently in progress justify our optimistic outlook for the coming fiscal years. Based on the potential derived from the order forecasts, we have set ourselves the goal of continuing the positive business development in fiscal year 2023/2024,“ announced Chief Executive Officer (CEO) Thomas H. Günther.

About CeoTronics:
CeoTronics AG has established itself as a leading system provider of mobile digital wireless networks and terminals for local mobile applications as well as high-quality communication headsets and systems for professional use in the premium segment. Since its foundation in 1985, CeoTronics has positioned itself at the top of the quality and performance pyramid by offering the highest level of consulting expertise, customer proximity, the best product quality in terms of function and processing, the use of the latest technologies and the flexibility to develop customised system solutions.

CeoTronics products are used predominantly in Europe and North America, in demanding/tough environments by fire services, state and federal police forces, the military, utilities and power plant operators, airlines/airports and various other industries. E.g. in noisy environments, when wearing 2/3 breathing apparatus, helmets or protective suits, or when both hands have to remain free for the actual work. However, audio and video systems for covert use are also part of CeoTronics AG‘s core competence.

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407) is listed on the Basic Board of the Frankfurt Stock Exchange and is also traded on Xetra.

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