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Press release BoxID: 461071 (CeoTronics AG Audio Video Data Communication)
  • CeoTronics AG Audio Video Data Communication
  • Adam-Opel-Straße 6
  • 63322 Rödermark
  • http://www.ceotronics.com
  • Contact person
  • Thomas Stamm
  • +49 (6074) 8751-724

2011 Annual General Meeting of CeoTronics

Over 98% approval for all management proposals / Effects of the global economic crisis, coped well / positive outlook

(PresseBox) (Rödermark, ) The Annual General Meeting, of CeoTronics Audio - Video - Data Communication, Adam-Opel-Straße 6, 63322 Rödermark (ISIN DE0005407407), listed in the German Entry Standard was held today in the Kulturhalle Rödermark with more than 100 visitors (a presence of 57.27% of the capital) in a positive mood.

After being welcomed by the Chairman of the Supervisory Board, Matthias Löw, the Board of Management reported on the financial year 2010/2011 (1 June 2010 to 31 May 2011). CEO Thomas H. Günther spoke about the progress of the last fiscal year and was pleased with CeoTronics' successful "turnaround" after the global economic crisis. He reported on the positive sales growth and the highest backlog in company history to a fiscal year end. With a sales growth of 12.7% and an increase of the backlog by over 251% in the first year after the crisis, the CEO attested the company a good performance.

The results of the customer survey in 2011 showed that CeoTronics' premium claim is also supported from the perspective of the customer's needs. The overall performance of CeoTronics, including the value for money of the products, received the excellent school grade of 1.7 ( in the scale from 1 best to 6 worst). The recommendation rate was incredible 100%; means that all customers would recommend CeoTronics and their products any time friend.

For Operations and the daughter company "CT-Video GmbH" Board Member Günther Thoma presented detailed figures on the cost of development in the area of Operations and the figures for the subsidiary CT-Video GmbH. As part of his lecture he also presented the new version of the CT-Cylinder Camera Generation IV and digital wireless video transmission systems with connection to UMTS / WLAN.

The Deputy Chairman Berthold Hemer as the board member for research and development granted an insight into the audio/data products, which in future will secure the expansion of CeoTronics' market shares. For example CT-DECT Plus, a mobile wireless ad hoc network extending CT-DECT, to a reach of up to 1000 meters. He also presented the latest developments of the communications systems for the armed forces, specifically the communication system for the "Future Soldier".

In the general debate all questions of shareholders and shareholder associations were answered in detail and satisfactory by the Board. The Management Board was approved with 99.05%, and the Supervisory Board with 98.32% of all the voices. The Chairman of the Supervisory Board, Matthias Löw, thanked, the employees of the company and the shareholders for their confidence. With 99.65% of all votes the Assembly of Shareholders re-appointed UWP Unitreu GmbH, Eschborn, auditing company, as auditors for the fiscal year 2011/2012.

All other proposals by the Board were followed by the shareholders, each with over 98% of all votes. At the conclusion of the AGM the date for next Annual Meeting was announced: November 2, 2012, Kulturhalle Rödermark.