CeoTronics AG

Earnings Release • Dec 5, 2005

News Details

Ad-hoc | 5 December 2005 16:11

CeoTronics AG: Revenues for H1 2005/2006 and order backlog

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— CeoTronics Group’s success continues // Revenues drop by only 6% in line with expectations // Order backlog up 48% year-on-year // Headcount increases by 6 in Germany for a total of 129 employees in the Group CeoTronics AG Audio Video Data Communication, Adam-Opel-Strasse 6, 63322 Rödermark, Germany, listed in the PRIME Standard and the Technology All Share Index (ISIN: DE0005407407), recorded a consolidated decline in revenues (in accordance with US GAAP) for the first six months of fiscal year 2005/2006 of around EUR532 thousand year-on-year as of November 30, 2005, from EUR8,660 thousand to around EUR8,128 thousand. This corresponds to a decrease of 6% year-on-year; the order backlog as of November 30, 2005 increased by 48%. The final detailed consolidated figures for the Group will be published together with the H1 2005/2006 report following their approval on January 13, 2006. CeoTronics AG Adam-Opel-Straße 6 63322 Rödermark Deutschland ISIN: DE0005407407 WKN: 540740 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 05.12.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: The high revenue growth and the high level of revenues recorded in Q1 2005/2006 (summer months of June, July and August) were due to the delivery and invoicing of the extremely high order backlog as of May 31, 2005 and the additional orders received in Q1 2005/2006. As expected, the Company was unable to repeat the extremely high revenues generated in H1 2004/2005 as of November 30, 2005. This was because the largest single order in the Company’s history, amounting to EUR1.92 million, was delivered and invoiced to the German Air Force in November 2004. CeoTronics increased its headcount by 6 in Germany for a total of 129 employees in the Group due to the extremely high order backlog and to enable it to leverage all possible opportunities in our priority markets. Mr Günther Thoma, Chief Operating Officer, said that the large order backlog with its well-structured delivery deadlines can be processed on schedule, thanks to the high dedication of the Company’s employees, the flexible working hours system, increased production efficiency due to new automated production processes, and the higher headcount. Additional capacities can also be created relatively quickly if necessary. “Our revenues of EUR8,128 thousand, together with the extremely high order backlog (+48%) and the sizable market potential for CeoTronics products, form a good basis for continuing the CeoTronics Group’s success story in fiscal year 2005/2006, and for following on from the record-breaking fiscal year 2004/2005”, 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: vorstand@ceotronics.com, Internet: http://www.ceotronics.com End of message (c)DGAP