Consolidated Interim Report for H1 2011/2012

Revenues €9,119 thousand (+28.2%) / EBIT €386 thousand (+€592 thousand) / Consolidated profit €286 thousand (+€535 thousand) / Order backlog +197.6% / 2011/2012 turnover and profit forecast confirmed

(PresseBox) ( Rödermark, )
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam- Opel-Strasse 6, 63322 Rödermark, Germany, generated consolidated revenues in accordance with IFRSs of €9,119 thousand in the period under review from June 1, to November 30, 2011 (previous year: €7,115 thousand). This represents a growth in turnover of 28.2%.

Significantly positive sales developments compared to the previous year were found in the CeoTronics AG (+58.0%), CeoTronics USA (+71.9%), and CeoTronics France (+147.0%, though at a low level); all after consolidation and EUR-conversion.

CeoTronics closed the first half of the fiscal year 2010/2011 with an EBIT of €386 thousand (previous year: €-206 thousand), a profit before tax of €299 thousand (previous year: a loss of €286 thousand), and achieved a consolidated profit of €286 thousand (previous year: a consolidated loss of €249 thousand). Earnings per share were €0.04 (previous year: €-0.04). Gross cash flow amounted to €447 thousand (previous year: €-203 thousand).

Consolidated equity rose by €288 thousand to €11,037 thousand (previous year: €10,749 thousand). However, due to the significant increase in total assets (such as caused by the extensive pre-financing of larger orders), the equity ratio as of November 30, 2011, temporarily had fallen to 58.4% (previous year 64.1%).

The Group's consolidated order backlog as of November 30, 2011 rose significantly by 197.6%. Incoming orders in the first half-year of the current fiscal year we up by 32.2% against previous year and reached the highest level since four comparable periods.

The number of employees in the Group (including trainees) rose by 7 to 162 as of November 30, 2011 (previous year: 155).

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam- Opel-Strasse 6, 63322 Rödermark, Germany, is listed in the Entry Standard.

In the priority markets of CeoTronics the framework developed strikingly different and consequently the revenues and results of CeoTronics as well.

CeoTronics USA has impressively confirmed in the first 6 months of the business year their upward trend. Excluding currency effects, the company reached a profit of €101 thousand (previous year: €13 thousand).

The business area "Service" has evolved repeatedly positive. After a sales increase of 43% as of May 31, 2011, sales in the first six months of the current fiscal year compared to the same period last year increased by nearly 50%.

Along with sales growth of November 30, 2011 and the current very high order backlog CeoTronics is positively minded by negotiations and preparations of pipeline projects for the current fiscal year 2011/2012.

CeoTronics has set itself the objective of concluding the business year 2011/2012 with a consolidated turnover of approximately € 19.5 million, a substantially positive net income and the ability to pay dividends. The sales target for the fiscal year 2011/2012 is approximately 20% higher than the achieved consolidated sales of the preceding year.

"Despite of the difficult economic situation and the financial problems of state budgets in the CeoTronics priority markets we are very optimistic to achieve the goals for the fiscal year 2011/12. Provided that the economic development and public finances in priority markets do not worsen, CeoTronics should further increase sales and also the result in subsequent fiscal years. Reasons for that are the switch of the states and industrial companies in Germany and Northern Europe to digital radios an also the replacement purchases in the markets that have switched to digital radios many years ago", said Thomas H. Günther, Chairman of the Board of Management.
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