CeoTronics AG

Interim / Quarterly Report • Jan 12, 2007

News Details

Ad-hoc | 12 January 2007 16:39

CeoTronics AG: Consolidated Interim Report for H1 2006/2007

CeoTronics AG / Half Year Results

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 +15.0% / EBITDA +48.2% / EBIT +70.7% / H1 profit after tax +75.1%
/ second-highest order backlog / 2006/2007 revenues target: approx. €18,200
thousand / 2006/2007 target profit for the year: approx. €1,040 thousand

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407),
Adam-Opel-Strasse 6, 63322 Rödermark (Germany), listed in the Prime
Standard's Technology All Share segment of the Frankfurt Stock Exchange,
recorded consolidated group H1 revenues of €9,331 thousand in accordance
with IFRSs. The company therefore exceeded the previous year's record H1
revenues (€8,111 thousand) by 15.0%.

The consolidated order backlog as of November 30, 2006 fell by 13.6% as
against the record level in the previous year. The order backlog is the
second highest in the company's history.

EBITDA (Earnings before Interest, Taxes, Depreciation and goodwill
Amortization/impairment) increased by €508 thousand compared with the
Group's prior-year H1 figure, from €1,055 thousand to €1,563 thousand; EBIT
improved by €520 thousand in the same period, from €736 thousand to €1,256
thousand; and the profit after tax for H1 rose by €307 thousand, from €409
thousand in the previous year to €716 thousand.

Gross cash flow increased by €295 thousand year-on-year in the six-month
period under review, from €728 thousand to €1,023 thousand.

Investments rose by €2,557 thousand as against the previous year, from €203
thousand to €2,760 thousand. Excluding real estate investments (which
totaled €2,590 thousand including transaction costs), the level is somewhat
lower than in the previous year.

Earnings per share improved by €0.14 to €0.32, compared with €0.18 for the
same period last year.

Consolidated equity as of November 30, 2006 amounted to €11,368 thousand,
while the equity ratio was 65.1% (previous year: 77.4%). The change is
mainly due to the real estate acquisition.

Revenues, EBITDA, EBIT and the profit before and after tax all improved as
well in Q2 as against the prior-year figures.

The number of employees in the Group (including trainees) increased to 142
as of November 30, 2006 (November 30, 2005: 135). All seven new jobs were
created in Germany.

At +14.3%, CeoTronics' share price performed positively in the period under
review (June 1 to November 30, 2006) (+18.6% after adjustment for the
deduction of the dividend of €0.30).

For fiscal year 2006/2007, CeoTronics is aiming to generate revenues of
approx. €18.2 million and a profit for the year of approx. €1,040 thousand
(approx. +6.2%).

If business continues to develop positively and the revenue and earning
targets are met, the Board of Management plans to propose a dividend for
the fourth consecutive time.

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Information and Explaination of the Issuer to this News:

The improvement in revenues is due among other things to continued
government investment in digital radio technology in Spain (+67.6%) and
France (+66.3%).
However, CT-Video GmbH also increased its consolidated revenues by a
substantial 11.1%.

The high level of revenues in the German market remained stable in the
first 6 months of fiscal year 2006/2007 (+1.1%).

Revenue levels in Switzerland returned to normal as of November 30, 2006 at
-61.6% because the country's government security and law enforcement
agencies will continue the switch to digital radio technology not earlier
than 2007.

Revenues in United Kingdom rose in the period under review from a low level
by +10.0% year-on-year.

In Poland and the U.S.A., revenues fell from a low level by 6.1% and 33.0%
respectively.
As a result of the optimization of CeoTronics U.S.A.'s cost structure, we
continue to believe that if earnings targets are met the result before
depreciation and amortization/impairment will be narrowly positive. In the
opinion of the Board, CeoTronics U.S.A.’s current revenues, cost, and
earnings forecasts for the next six years do not necessitate any further
adjustments of goodwill and the carrying amount of the investment at
present.

Thomas H. Günther, Chairman and CEO: 'We are extremely satisfied with our
6-month results. The outlook for fiscal year 2007/2008 is positive due to
the planed start of the switch to digital radio in Germany, among other
things.'

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: chairman@ceotronics.com, Internet: http://www.ceotronics.com

DGAP 12.01.2007

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
WWW: www.ceotronics.com
ISIN: DE0005407407
WKN: 540740
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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