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CeoTronics AG: Revenues approx €3,145 thousand after 3 months of fiscal year 07/08
Order backlog approx. +120%
Orders in hand as of August 31, 2007 rose by approximately +120% year on year.
The final detailed consolidated figures for the Group will be published together with the Q1 2007/2008 report following their approval on October 12, 2007.
Issuer's information/explanatory remarks concerning this ad hoc announcement:
Due to time-delayed technical definitions from a customer for a system component a major order from Spain and another order from Spain that together amount €980 thousand could not be delivered until August 31, 2007. The prorated production costs for the two Spanish projects occurred in the first quarter 2007/2008 (summer months June, July and August). Without this delay behind the cut-off date CeoTronics would have topped the first quarter revenues of previous year by far.
Moreover, CeoTronics in the first quarter of the current business year started with development and production of the large order, in all €5.5 million from the German Air Force for CT-DECT JetCom systems of which the first lot should be delivered by the end of November 2007.
„Considering the high order backlog (approx. +120%) and the anticipated deliveries and invoicing up to Q3 of the current business year we look optimistically into the future“, says Chairman and CEO Thomas H. Günther
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