Corporate News from 05.09.2022

Group key figures for fiscal year 2021/2022

• Revenue € 29,124 thousand (+ 9.7%)
• EBIT T€ 3,612 (+ 11.4%)
• Gross cash flow T€ 4,242 (+ 27.1%)
• Profit before tax T€ 3,445 (+ 13%)
• Incoming orders + 35.7%
Proposed dividend of € 0.15 per share

Rödermark, 5 September 2022 - In the reporting period from 1 June 2021 to 31 May 2022 (financial year 2021/2022), CeoTronics AG once again achieved a record level of consolidated revenue of €29,124 thousand (previous year: €26,558 thousand), despite the distortions on the procurement market and the effects of the Russian war of aggression against Ukraine. The slight increase in turnover in the 2021/2022 business year that was forecast in the 2020/2021 annual report was clearly exceeded, and the last forecast in the amount of 29 million was slightly exceeded.

The consolidated order backlog as of 31 May 2022 decreased by only € 0.3 million to € 16,823,000. Incoming orders increased by 35.7% in the 2021/2022 financial year thanks to many larger projects prepared for the long term.

The share of recurring sales, which are easier to plan, increased by approximately 5 percentage points compared to the previous year and is approximately 58% in the 2021/2022 business year (previous year 53%). The „recurring sales“ include contractually agreed maintenance and services, but also large orders that are produced and invoiced over several years in smaller batches per year. In addition, the very high level of customer satisfaction also leads to a high proportion of customers who repeatedly prefer our products. However, these sales shares are not included in the above-mentioned share of recurring sales.

EBIT increased enormously by 29.5% in the 2020/2021 financial year and increased by 11.4% to €3,612,000 in the current 2021/2022 reporting period compared to the previous year (€3,241,000). The EBIT margin increased accordingly by 0.2 percentage points to 12.4% compared to the 2020/2021 financial year.

The 2021/2022 business year was concluded with record results. Consolidated profit before tax amounted to € 3,445,000 (previous year: € 3,048,000) and was increased by 13.0% (previous year: 34.8%). The consolidated profit increased again by T€ 407 from T€ 2,099 to T€ 2,506. The return on sales changed from 7.9% to 8.6% compared to the previous year.

Equity increased by € 1,449,000 to € 15,711,000 compared to the previous year (€ 14,262,000). The equity ratio is now 54.7% (previous year 59.4%).

CeoTronics was able to increase gross cash flow by € 905 thousand from € 3,337 thousand to € 4,242 thousand in financial year 2021/2022.

CeoTronics‘ share price again performed very positively in the reporting period (1 June 2021 to 31 May 2022), rising +39.0% (after +54.8% in the same period of the previous year) and significantly outperforming the DAX and TecDax. BankM analysts determined a new share price target of € 6.65 on 9 June 2022 (+5.36% to the price on 31 May 2022).

CeoTronics is once again eligible for dividends. The Board of Management and Supervisory Board have decided to propose to the Annual General Meeting on 4 November 2022 that a dividend of € 0.15 per share be distributed from CeoTronics AG‘s net retained profits and that the remaining net retained profits of € 5,466 thousand be carried forward to strengthen CeoTronics AG‘s equity.

„The still very high order backlog and the other major projects currently in progress justify our optimistic outlook for the coming fiscal years. Due to the high order backlog and the potential derived from the order forecasts, we have set ourselves the goal of continuing the positive business development in fiscal years 2022/2023 and 2023/2024,“ announced Chairman of the Board and 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 founding in 1985, CeoTronics has positioned itself at the top of the quality and performance pyramid with the highest level of consulting competence, customer proximity, the best product quality in function and processing, the use of the latest technologies and the flexibility to develop customised system solutions. CeoTronics products are used primarily in Europe and North America in demanding and difficult 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 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 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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