Corporate News from 29.11.2017

Major order for CeoTronics AG: Austrian special police unit to deploy products from CeoTronics

The specialists from Rödermark for communications under challenging mission conditions have partnered with an Austrian distributor to acquire the special law enforcement unit as a customer for products from CeoTronics.

The order volume placed is for around 500 systems with a total value amounting to a low seven-figure euro sum. The communication systems include multifunctional control units (CT-MultiPTT 2C) for up to two radio sets, as well as compatible in-ear communication headsets (CT-ClipCom Digital). The exact order sum in euros will not be disclosed, out of consideration for the interests of the customer.

To date, the company has received a great many orders for the CT-MultiPTT 2C and CT-ClipCom Digital systems from special law enforcement units based in German states, as well as in France, Spain, Estonia, Netherlands, USA and Switzerland.

CeoTronics AG recently (beginning of September 2017) published a detailed set of accounts for the 2016/2017 fiscal year, which closed on 31 May 2017: consolidated sales T€* 19,651 (+ 12.2%) // EBIT T€ 1,435 (previous year T€ -678) // consolidated net income T€ 1,254 (previous year T€ -604) // order volume T€ 5,800 = +10.8% (T€* = thousand euros).

“At present, we expect a moderate increase in sales with positive Group EBIT for the fiscal year 2017/2018. A significant increase in sales and EBIT is possible from the fiscal year 2018/2019 onwards. CEO and Chairman of the Board Thomas H. Günther: “Assuming optimum market conditions, we aim to increase Group sales to approximately €25 million by the fiscal year 2022/2023, with a correspondingly high positive figure for Group EBIT.”

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407) has been developing and producing innovative communication systems for use in challenging environments for over 32 years. Based in Rödermark, Germany (near to Darmstadt and Frankfurt am Main), CeoTronics is a leading systems provider for mobile digital radio networks and terminal equipment, as well as high-quality professional communication headsets and systems.

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