Earnings Release • Mar 25, 2010
Earnings Release
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Ad-hoc | 25 March 2010 11:49
CeoTronics AG: Consolidated Interim Report for the First Nine Months of Fiscal Year 2009/2010
CeoTronics AG / Quarter Results
25.03.2010 11:49
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Revenues EUR11,003 thousand / EBIT EUR-248 thousand / Consolidated loss
EUR288 thousand / Order backlog -42.2% / Incoming orders (ytd) -8.9% /
expected consolidated revenues 2009/2010: approx. EUR14.8 million /
expected consolidated result 2009/2010: approx. EUR-0.4 million
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407),
Adam-Opel-Strasse 6, 63322 Rödermark, Germany, listed in the Prime Standard
and the DAXplus Family Index, generated consolidated revenues of EUR11,003
thousand in the period under review from June 1, 2009, to February 28,
2010, in accordance with IFRSs (previous year: EUR14,140 thousand).
The Group's consolidated order backlog as of February 28, 2010, fell by
42.2% year-on-year. Incoming orders in the first nine months of fiscal year
2009/2010 were down 8.9% on the same period in the previous year.
The first nine months of fiscal year 2009/2010 closed with EBIT of EUR-248
thousand (previous year: EUR1,593 thousand), a loss before tax of EUR367
thousand (previous year: profit of EUR1,513 thousand), and a consolidated
loss of EUR288 thousand (previous year: consolidated profit of EUR1,189
thousand). Earnings per share were EUR-0.04 (previous year: EUR0.18). Gross
cash flow amounted to EUR139 thousand (previous year: EUR1,581 thousand).
Consolidated equity amounted to EUR12,167 thousand as of February 28, 2010.
This produces an equity ratio of 69.5% (previous year: 72.7%).
Investments in the first nine months of fiscal year 2009/2010 totaled
EUR656 thousand, down slightly on the figure for the prior-year period
(EUR688 thousand). The Group's cash and cash equivalents increased by EUR17
thousand to EUR827 thousand.
The number of employees in the Group (including trainees) declined to 153
as of February 28, 2010 (previous year: 156).
The price of CeoTronics shares declined by 8.7% in the reporting period.
Consolidated revenues of approx. EUR14.8 million are currently expected for
fiscal year 2009/2010 and a consolidated loss of approx. EUR-0.4 million.
Information and Explaination of the Issuer to this News:
The year-on-year decline in revenues is due, among other things, to the
last batch of the major order from the German Armed Forces worth over
EUR3.1 million being delivered and invoiced in the previous year.
Furthermore, the effects of the worst global economic and financial crisis
in 80 years impacted the course of business at CeoTronics, despite the
obvious investment bottleneck and the need for customers to make up ground
in communications technology. Moreover, weak order intake in the second and
third quarters of the current fiscal year and in the fourth quarter of
fiscal year 2008/2009 had an adverse effect on revenue and order backlog
development, as did the severe delays in the switch to digital radio by
security authorities and organizations in Germany and Northern Europe.
The significant decline in revenues meant that CeoTronics was unable to
match the key earnings figures and financial indicators recorded in the
same time of the previous year.
'In the following fiscal years, CeoTronics is set to achieve higher
revenues and correspondingly positive earnings figures due, among other
things, to the economic recovery and the switch to digital radio by
governments and industry in Germany and Northern Europe,' said Thomas H.
Günther, Chairman of the Board of Management.
Further information:
CeoTronics AG
Audio Video Data Communication
Investor Relations, Adam-Opel-Strasse 6, 63322 Rödermark, Germany
Tel: +49 6074/8751-722, Fax: +49 6074/8751-720
E-mail: [email protected], Internet: http://www.ceotronics.com
25.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: CeoTronics AG
Adam-Opel-Straße 6
63322 Rödermark
Deutschland
Phone: +49 (0)6074 8751-724
Fax: +49 (0)6074 8751-720
E-mail: [email protected]
Internet: www.ceotronics.com
ISIN: DE0005407407
WKN: 540740
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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