Corporate News from 08.09.2017

Group key figures according to German Commercial Code (HGB) as of May 31, 2017
Group sales €19,651K (+ 12.2%) // EBIT €1,435K (previous year -­€678K) // Group result €1,254K (previous year -­€604K) // Order volume €5,800K (previous year 5,235) // Dividend proposal of €0.05 per share017

In the report period between June 1, 2016, and May 31, 2017, (fiscal year 2016/2017), CeoTronics AG achieved Group sales of €19,651K (previous year €17,522K). This corresponds to a sales increase of 12.2% compared with the previous year.

The consolidated order volume as of May 31, 2017, increased by 10.8% to €5,800K compared to the reference date in the previous year. Incoming orders of €20,213K in the fiscal year 2016/2017 were 24.3% above the figure in the previous year.

The EBITDA for the fiscal year 2016/2017 was €1,979K (previous year -­€106K), the EBIT €1,435K (previous year -­€678K).

A Group result of €1,254K (previous year -­€604K) was achieved for the fiscal year 2016/2017. The Group result was positively influenced by the first-­time activation of our own development services with €1,028K. The activation of key development services is expected to be continued in the coming years so as to also correctly distribute the development work over the anticipated period of use in the future.

The profit to sales ratio based on the Group result is therefore 6.4% (previous year -­ 3.4%). The Group result per share is €0.19 compared with -­€0.09 in the previous year.

Equity capital increased as of May 31, 2017, to €11,227K (previous year €10,103K). The equity ratio increased to 59.3% (previous year 56.3%). The distinguishing feature of the CeoTronics Group is its extremely good total amount of capital and reserves.

Gross cash flow for the fiscal year 2016/2017 increased compared with the previous year by €2,257K from -­€210K to €2,047K.

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-­Opel-­Straße 6, 63322 Rödermark, Germany, is listed on the Basic Board of Frankfurt Stock Exchange.

Information and explanatory notes from the issuer on this Corporate News:

The workforce in the CeoTronics Group as of May 31, 2017, was above the level of the previous year (143 employees) by a total of three members of staff, at 146 employees. Full-­time equivalents (FTEs, not including apprentices) produce a value of 136 (previous year 137).

It was possible for the price of the CeoTronics shares to reach its highest level for over eight years in the fiscal year 2016/2017 following the publication of the detailed half-­year figures. From June 1, 2016, to May 31, 2017, the overall performance of the CeoTronics shares was 38.1%. Over a period of two years, it was possible to increase the share price by 143.9%.

The Supervisory Board subscribed to the proposal by the Board of Management as regards suggesting for the General Meeting on November 3, 2017, a dividend payout of €0.05 per share from CeoTronics AG’s balance sheet profit. This results in a payout rate of 83.9%, based on the distributable balance sheet profit. CeoTronics is thus tying in with the previous dividend history (dividend payouts amounting to approx. €4.5 million have taken place so far) and would also like to thank its shareholders for their patience over the last three “difficult” years.

The new products CT-­DECT Multi (digital full-­duplex radio device for local and mobile applications) and CT-­MultiPTT 3C (multifunctional operating unit for connection to up to three radios/intercoms at the same time), the headsets that go with them, and the new products for undercover use have been presented to potential customers since early summer 2017. CeoTronics expects the first sales from the CT-­DECT Multi available from late fall 2017 and the CT-­MultiPTT 3C available from spring 2018 in their complete development stages in the fiscal year 2017/2018. With the start of delivery, the
CeoTronics product range will be perfectly coordinated with current and future demand from government security and law enforcement agencies, fire departments and industry, and airports.

For many years, there has been an increased need for investment on the part of government security and law enforcement agencies. This relates to increasing the number of staff and also better technical equipment of the operatives in the police and military. CeoTronics is expecting that a willingness and capacity to invest more will increase among government security and law enforcement agencies across Europe.

“At present, we expect a moderate sales increase with a stable, positive Group result for the fiscal year 2017/2018. A clear increase in sales and results is possible from the fiscal year 2018/2019. Under optimum framework conditions, we are aiming for an increase in Group sales to approx. €25.0 million with correspondingly high positive Group results by the fiscal year 2022/2023,” reported CEO and Board spokesman, Thomas H. Günther.

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