Consolidated annual earnings figures (IFRSs) as of May 31, 2009 / Figures for Q4 2008/2009 / Proposed dividend payment

Revenues €18,815 thousand / EBIT €2,006 thousand / profit for the year €1,279 thousand / gross cash flow €1,806 thousand / order backlog €2,234 thousand / dividend of €0.10 per share proposed

(PresseBox) ( Rödermark, )
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam- Opel-Strasse 6, 63322 Rödermark, Germany, listed in the Prime Standard and the Technology All Share segment of the Frankfurt Stock Exchange, recorded consolidated revenues of €18,815 thousand for fiscal year 2008/2009 (the secondhighest figure in the Group's history). This represents a decline of 11.7% on the previous year's record revenues.

EBITDA fell by €774 thousand (-23.4%) compared with the prior-year period, from €3,307 thousand to €2,533 thousand. EBIT decreased by €780 thousand (-28.0%), from €2,786 thousand to €2,006 thousand. In line with this, the EBIT margin declined from 13.1% to 10.7%.

Profit for the year before tax fell by €762 thousand (-28.6%), from €2,668 thousand to €1,906 thousand. Consolidated profit for fiscal year 2008/2009 after tax amounted to €1,279 thousand, down 30.3% as against the previous year (€1,835 thousand). As a result, earnings per share decreased by €0.09 from €0.28 to €0.19.

Consolidated equity as of May 31, 2009 amounted to €13,144 thousand (+1.4%), while the equity ratio was 72.5% (previous year: 64.8%). Gross cash flow for the period under review was down by €550 thousand (-23.4%) compared with the record prior-year figure, from €2,356 thousand to €1,806 thousand.

The consolidated order backlog as of the reporting date fell by 63.7% as against the extremely high prior-year level to €2,234 thousand.

The number of employees (including trainees) as of May 31, 2009 was 155 (previous year: 150).

At its meeting on August 14, 2009, the Supervisory Board concurred with the Board of Management's proposal to the General Meeting that a dividend of €0.10 per share (previous year: €0.15) be paid from the parent company's net retained profit of €2,679,705.04.

The remainder will be carried forward to fiscal year 2009/2010 in order to

- further strengthen the Group's self-financing ability (especially in view of the economic and financial crisis),
- increase its flexibility of action with respect to opening up new markets, and
- develop new products.

In comparison with Q4 2007/2008, Q4 2008/2009 (March 1 to May 31, 2009) saw a decline in consolidated revenues of €1,754 thousand (-27.3%), from €6,429 thousand to €4,675 thousand and a decrease in EBIT of €544 thousand (-56.8%), from €957 thousand to €413 thousand. Profit for the quarter was down by €564 thousand (-86.2%) year-on-year, from €654 thousand to €90 thousand. Quarterly earnings per share therefore fell to €0.01 (previous year: €0.10). Gross cash flow amounted to €225 thousand in the fourth quarter, after €785 thousand in the previous year.

Issuer's information and explanatory remarks on this ad hoc disclosure:

Fiscal year 2008/2009 was dominated by the worst global economic and financial crisis in 80 years. Nevertheless, CeoTronics generated the second-highest revenues and earnings in the Group's history, at €18,815 thousand and €1,279 thousand respectively, slightly exceeding its forecasts.

In the period under review, the upcoming switch to digital radio by government security and law enforcement agencies and firefighters in Germany and Northern Europe, which unfortunately is being implemented extremely hesitantly, led to even greater reluctance on the part of these customers to invest in communications accessories for connecting to analog radios; this led to an investment backlog. In addition, the changeover to a new generation of digital radios (in Switzerland among other countries) was announced at a very early stage, and has also resulted in delays in the continuation of the switch to digital radio.

The order backlog as of May 31, 2009 declined by 63.7% as against the extremely high prior-year figure to €2,234 thousand. The order backlog for 2007/2008 in particular reflected the third batch of the order for CT-DECT JetCom systems from the German Armed Forces, which has now been delivered and invoiced in full. In addition, the downturn in incoming orders is due to the severe global economic and financial crisis and the delays in the switch to digital radio by security authorities and organizations in Germany and Northern Europe.

Despite the ongoing global economic crisis, CeoTronics has prepared itself in good time to meet future challenges by investing in employee capacity, market development, technologies, developments, and production technologies and processes. At €993 thousand (previous year: €586 thousand), total investments increased by 69.4% during fiscal year 2008/2009.

"The Board of Management is satisfied with the Group's revenues and earnings for fiscal year 2008/2009 in view of the negative external factors. The imminent start of the switch to digital radio in Germany and other European markets, the changeover to the new generation of digital radios in Switzerland and Spain, the new projects being implemented and our new product developments give us reason to be 'cautiously' optimistic about fiscal year 2009/2010," said Thomas H. Günther, Chairman of the Board of Management.
Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an