63322 Rödermark, de
+49 (6074) 8751-724
Consolidated annual earnings figures (IFRSs) as of May 31, 2008
- Figures for Q4 2007/2008
- Proposed dividend payment Revenues €21,318 thousand (+18.8%)
- EBIT €2,786 thousand (+45.2%)
- profit after tax for the year €1,835 thousand (+75.3%)
- gross cash flow €2,356 thousand (+50.5%)
- order backlog €6,156 thousand
- dividend of €0.15 per share proposed
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam- Opel-Strasse 6, 63322 Rödermark, Germany, listed in Frankfurt Stock Exchange's Prime Standard segment and included in the Technology All Share Index, generated consolidated revenues of €21,318 thousand in fiscal year 2007/2008. This represents an increase of €3,379 thousand (+18.8%) over the previous year.
EBITDA (Earnings before Interest, Taxes, Depreciation and goodwill Amortization/impairment) increased by €870 thousand compared with the prior-year period, from €2,437 thousand to €3,307 thousand. EBIT rose by €867 thousand
(+45.2%), from €1,919 thousand to €2,786 thousand. The EBIT margin increased from 10.7% to 13.1%. Profit before tax increased by €807 thousand (+43.4%), from
€1,861 thousand to €2,668 thousand. Consolidated profit after tax for fiscal year 2007/2008 (in accordance with IFRSs) amounted to €1,835 thousand, up €1,047 thousand or 75.3% as against the previous year. Earnings per share increased by €0.12, from €0.16 to €0.28.
Consolidated equity as of May 31, 2008 amounted to €12,967 thousand (+10.8%), while the equity ratio was 64.2% (previous year: 66.8%). Gross cash flow improved by €791 thousand (+50.5%) year-on-year in the period under review, from €1,565 thousand to €2,356 thousand.
The Group's order backlog decreased to €6,156 thousand as of the reporting date, a drop of 27.4% on the previous year's high level. The number of employees in the Group (including vocational trainees) as of May 31, 2008 was 150 (previous year: 144).
In its meeting on Thursday, August 14, 2008, the Supervisory Board concurred with the Board of Management's proposal to the General Meeting that a dividend of €0.15 per share (previous year: €0.10) be paid from the parent company's net retained profit of €2,824,350.62 thousand.
In comparison with Q4 2006/2007, Q4 2007/2008 saw an increase in consolidated revenues of €2,526 thousand (+64.7%), from €3,903 thousand to €6,429 thousand, and an improvement in EBIT of €693 thousand (+262.5%), from €264 thousand to €957 thousand. Profit for the quarter increased by €580 thousand (+783.8%) yearon- year, from €74 thousand, to €654 thousand. Quarterly earnings per share rose to €0.10 (previous year: €0.01). Gross cash flow increased by €573 thousand (+270.3%) year-on-year for the quarter from March 1 to May 31, from €212 thousand to €785 thousand.
Issuer's information and explanatory remarks on this ad hoc disclosure:
CeoTronics generated consolidated revenues of €21,318 thousand in fiscal year 2007/2008, exceeding the record figure for fiscal year 2005/2006 by 18%.
With an all time high consolidated profit after tax of €1,835 thousand CeoTronics has exceeded the expectations.
The record-breaking results (EBITDA, EBIT, profit for the year before tax, and gross cash flow) recorded in fiscal year 2006/2007 were further improved on in fiscal year 2007/2008.
The extremely high order backlog as of May 31, 2007 (€8,478 thousand) decreased as expected due to the delivery and invoicing of the first two batches of the major CTDECT JetCom systems order for the German Armed Forces. The comfortable order backlog of €6,156 thousand as of May 31, 2008 is up 22.9% as compared with the average for the last three reporting dates.
"In addition to the order backlog as of the end of the fiscal year, the orders we have received to date and the projects currently being negotiated or prepared, as well as the approaching switch to digital radio by government security and law enforcement agencies in German, Austria, and Northern Europe make us optimistic for fiscal year 2008/2009. In keeping with tradition, CeoTronics expects to issue its revenue and earnings forecasts for fiscal year 2008/2009 in January 2009, at the time of publication of its interim results for the first half of the year. By then we should also have suitably reliable information on economic trends in our target markets," said Thomas. H.
Günther, Chairman of the Board of Management.
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