CeoTronics AG

Earnings Release • Mar 6, 2003

News Details

Ad-hoc | 6 March 2003 08:25

CeoTronics AG english

Sales forecast revised / Profit expected Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Sales forecast revised / Profit expected Despite continuing general economic crisis and restrictive buying policy of the public sector in Europe the PRIME standard listed CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407) has done well in the current business year (June 1, 2002 – May 31, 2003) and still expects a profit. The company has revised its sales forecast for the current business year running from 15.2 m Euro to 13.5 m Euro . Considering this correction, sales will only be slightly less than of last year (13,86 m Euro). Even if several time delayed orders from the public authorities will show up during the next weeks due to reasons of production technology these orders can not be invoiced till the end on the running business year (May 31, 2003). end of ad-hoc-announcement (c)DGAP 06.03.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The marketing of digital, mobile radio networks and headsets as well as the new positioning of CeoTronics “…more than just headsets” will be continued. The necessary investment into research and development as well as the preparation for serial production are almost completed. The radio systems based on CT-DECT are already available for many different practical applications for police, military and industry and are for mobile deployment. CeoTronics is participating in various tenders for such systems as well as in tenders for high profile helm communications systems for special applications. In all these efforts CeoTronics is taking advantage of its global sales structure. With this in mind the company is optimistic about the mid-range sales forecast. In Europe and also in the countries willing to join the EU and aiming to reach the criteria of the Euro currency, we are seeing extreme small public budgets, incl. wide spread restrictions on public spending. Also due to the world wide economic crisis and the threat of an war with Irak the industrial sector is very cautious to spend money. The assumption of CeoTronics, that for the equipment of special forces of military and the police there is a need and budgets are foreseen has become true. In the future, CeoTronics will adapt its cost structure to potential sales with flexibility to stick to the strategy “profit before growth” especially in difficult times like these. “With innovative products CeoTronics is placed on stable footing, having very good chances for substantial sales success in the mid-range perspective. A short-time dip in the period of growth will not stop us from following our way,” says CeoTronics CEO, Thomas H. Günther. Further information: CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Straße 6 63322 Rödermark Germany Phone: +49(0)6074/8751-722 Fax: +49(0)6074/8751-720 E-Mail: vorstand@ceotronics.com Internet: http://www.ceotronics.com ——————————————————————————– WKN: 540740; ISIN: DE0005407407; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München und Stuttgart 060825 Mär 03