CeoTronics AG

Earnings Release • Apr 13, 2006

News Details

Ad-hoc | 13 April 2006 16:18

CeoTronics AG:Report for the nine months to February 28, 2006, CeoTronics Group

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Revenues + 3.9% / order backlog + 97% / revenues, EBITDA, EBIT, and income before income taxes up year-on-year / Company announces that it will exceed revenue and earnings targets CeoTronics AG Audio Video Data Communication, Adam-Opel-Strasse 6, 63322 Rödermark, Germany, listed in the Prime Standard and in the Technology All Share index (ISIN: DE0005407407), increased consolidated revenues (U.S. GAAP) for the first nine months of fiscal year 2005/2006 to February 28, 2006 by €505 thousand compared with the previous year’s record level, from €12,955 thousand to €13,460 thousand. EBITDA (Earnings before Interest, Taxes, Depreciation, and goodwill Amortization/impairment) fell by €58 thousand in comparison with consolidated earnings for the first three quarters of the previous year, from €1,904 thousand to €1,846 thousand. EBIT declined during the same period by €198 thousand from €1,602 thousand to €1,404 thousand, while net income after taxes for the nine months decreased by €223 thousand from €976 thousand in the previous year to €753 thousand. Gross cash flow fell by €83 thousand in the period under review, from €1,278 thousand to €1,195 thousand. Earnings per share fell by €0.10, from €0.44 in the previous year to €0.34. Consolidated shareholders’ equity as of February 28, 2006 amounted to €11,093 thousand (+ €399 thousand), while the equity ratio was 74.9% (previous year: 75.4%). The order backlog increased substantially by 97% and is now at an unusually high level. The number of employees rose by three year-on-year from 126 to 129. A comparison with Q3 2004/2005 reveals an increase in consolidated revenues of €1,054 thousand from €4,295 thousand to €5,349 thousand, and an improvement in EBITDA of €97 thousand from €693 thousand to €790 thousand. EBIT rose by €84 thousand from €586 thousand to €670 thousand. Income before income taxes and minority interest increased by €101 thousand from €560 thousand to €661 thousand. Income after income taxes and minority interest fell by €28 thousand, from €381 thousand to €353 thousand. Gross cash flow declined by €15 thousand compared with Q3 2004/2005 (December 1 to February 28), from €488 thousand to €473 thousand. Earnings per share for the quarter fell by €0.01 to €0.16, compared with €0.17 in the prior-year quarter. The CeoTronics Group also wrote down inventories in the amount of €350 thousand in the third quarter. ————————————————————————— Informationen und Erläuterungen des Emittenten zu dieser Ad-Hoc-Mitteilung: We regard these 9-month earnings figures as an ‘expected and scheduled normalization’ following the ‘record fiscal year 2004/2005’, which featured extraordinary quarterly and annual results that are now being compared with the quarterly reports and the annual financial statements of the current fiscal year 2005/2006. Revenues as well as EBITDA, EBIT, and income before income taxes and minority interest all developed positively year-on-year in the third quarter e. g. due to additional orders on the occasion of the football world cup 2006. The Company also expects a year-on-year improvement in Q4 2005/2006. Business development in the U.S.A. has yet to meet our expectations. The improved cost structure due to our relocation will not be reflected in earnings until fiscal year 2006/2007. ‘The Board of Management is satisfied with the 9-month results, in particular given the difficult budget situation in the public sector in Germany, depreciations and the forward-looking investments being made in markets, technologies, new product developments, production processes, and jobs. We have increased our revenue target from €17,000 thousand to around €17,600 thousand and we will probably exceed our earnings target of €800 thousand for the year 2005/2006,’ 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: chairman@ceotronics.com, Internet: http://www.ceotronics.com (c)DGAP 13.04.2006 ————————————————————————— language: English emitter: CeoTronics AG Adam-Opel-Straße 6 63322 Rödermark Deutschland phone: +49 (0)6074 8751-722 fax: +49 (0)6074 8751-720 email: investor.relations@ceotronics.com WWW: www.ceotronics.com ISIN: DE0005407407 WKN: 540740 indexes: stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service —————————————————————————