CeoTronics AG

Earnings Release • Oct 12, 2007

News Details

Ad-hoc | 12 October 2007 12:38

CeoTronics AG: Consolidated Interim Report for Q1 2007/2008

CeoTronics AG / Quarter Results

Release 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.

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Revenues €3,145 thousand / Revenues of €980 thousand shifted into Q2 /
Positive gross cash flow and EBITDA / Consolidated loss after tax €97
thousand / High order backlog (up 119.9%)

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407),
Adam-Opel-Strasse 6, 63322 Rödermark, Germany, listed in the Prime Standard
and the Technology All Share segment of the Frankfurt Stock Exchange,
generated consolidated revenues of €3,145 thousand in the first quarter of
fiscal year 2007/2008 in accordance with IFRSs (down €654 thousand).

The Group's order backlog increased by 119.9% year-on-year as of August 31,
2007.

EBITDA (Earnings before Interest, Taxes, Depreciation and goodwill
Amortization/impairment) fell by €420 thousand compared with the prior-year
period, from €491 thousand to €71 thousand. EBIT decreased by €424
thousand, from €366 thousand to €-58 thousand. In contrast to the previous
year’s consolidated profit before tax of €371 thousand, a loss of €80
thousand was generated. The consolidated profit after tax of €210 thousand
in the prior-year period changed by €307 thousand, for a loss of €97
thousand.

Gross cash flow decreased by €303 thousand in the period under review, from
€335 thousand in the prior-year period to €32 thousand. Earnings per share
declined by €0.14 to €-0.04, compared with €0.10 for the same period last
year.

Consolidated equity as of August 31, 2007 amounted to €11,613 thousand (up
€59 thousand), while the equity ratio was 70.4% (prior-year period: 80.5%).

The number of employees in the Group (including trainees) increased to 144
as of August 31, 2007 (August 31, 2006: 134). 9 new jobs were created in
Germany and 1 in Poland.

At +24.2%, CeoTronics AG's share price performed positively in the period
under review (June 1 to August 31, 2007).

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Information and Explaination of the Issuer to this News:

The CeoTronics Group's revenues and earnings in the first quarter of fiscal
year 2007/2008 (the summer months of June, July, and August) did not match
the excellent prior-year figures because a delayed technical definition for
a system component by a customer prevented the timely delivery and
invoicing of a major project in Spain worth approximately €980 thousand as
of August 31, 2007. This project has already been delivered and invoiced in
Q2 2007/2008.

If this order had been delivered and invoiced on schedule, the Company
would have exceeded both its high prior-year period revenues and the
corresponding record quarter for revenues in 2005/2006; it would also have
achieved improved earnings figures.

In the first quarter of 2007/2008, preparatory work was also performed in
the areas of research and development and production for the order placed
by the German Armed Forces (total value: €5.5 million). This work will be
included in the delivery of the first lot and is expected to be invoiced in
the second quarter of 2007/2008.

At +24.2%, CeoTronics' shares clearly outperformed the TECDAX (-0.7%) and
Technology All Share (-4.4%) indices in the period under review.

In keeping with tradition, CeoTronics does not expect to issue its revenues
and earnings targets for fiscal year 2007/2008 until January 2008, at the
time of publication of its interim results for the first half of the year.

'We are upbeat about the future given our extremely high order backlog
(approx. +120%) and the expected deliveries and invoices stretching into
the third quarter of fiscal year 2007/2008, as well as the announced switch
to digital radio by the German security authorities and organizations,'
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 (0)6074/8751-722, Fax: +49 (0)6074/8751-720
E-mail: chairman@ceotronics.com, Internet: http://www.ceotronics.com
12.10.2007 Financial News transmitted by DGAP

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Language: English
Issuer: CeoTronics AG
Adam-Opel-Straße 6
63322 Rödermark
Deutschland
Phone: +49 (0)6074 8751-722
Fax: +49 (0)6074 8751-720
E-mail: investor.relations@ceotronics.com
Internet: www.ceotronics.com
ISIN: DE0005407407
WKN: 540740
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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