CeoTronics AG

Earnings Release • Jan 21, 2002

News Details

Ad-hoc | 21 January 2002 08:15

CeoTronics AG english

Half-Year-Report CeoTronics AG, as of November 30, 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– CeoTronics is making money again / 170 T Euro net-profit in second quarter/ Sales increased by 8,12% / Development as planned: Profitability goes before growth Consolidated sales of the first half year of the business year 2001/2002 (ended November 30, 2001) of CeoTronics AG Audio Video Data Communication, which is listed on Frankfurts Neuer Markt (WKN 540740), rose by 8.12 per cent to 6.3 m Euro compared to the same period last year. The increase compared to the summer quarter with seasonal low activity even amounted 58.1%. The second quarter EBIT improved significantly to 224 T Euro in comparison to the same quarter last year (-398 T Euro). The year-to-date EBIT for the first 6 month shows still a loss of 370 T Euro (last year -1.109 Euro). The net-income for the second quarter of the current business year amounts to 170 T Euro (16 cent per share) vs. -401 T Euro last year. CeoTronics year-to-date net-loss amounts to -481 T Euro which is an improvement of 616 T Euro compared to last year (-1.097 T Euro). The sales orders in hand as of November 30, 2001 were up by 17% compared to last quarter (as of August 31, 2001). The number of employees amounted to 149 as of November 30, 2001. end of ad-hoc-announcement (c)DGAP 21.01.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Especially in the area of Cost of Sales there is a significant improvement due to the normalization of purchase prices for electronic components and productivity gains at CeoTronics manufacturing plants in Rothenschirmbach (Saxonia-Anhalt, Germany) and Chesapeake (Virginia, USA). Although sales increased, expenses for Marketing and Sales, Administration as well as Research and Development dropped substantially. Sales losses after the terror attacks on September 11 in the airline industry were overcompensated with sales of communication products to the law enforcement. “After finishing the stage of capital expenditure with strong internal and moderate external growth, CeoTronics will now concentrate on the marketing of new product developments in the extended distribution area. CeoTronics is guided by the in April 2001 changed strategic maxim: Profitability goes before growth”, said Hans-Dieter Günther, CeoTronics CEO. 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 ——————————————————————————– WKN: 540740; ISIN: DE0005407407; Index: Listed: Neuer Markt Frankfurt Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 210815 Jän 02