63322 Rödermark, de
+49 (6074) 8751-724
Revenues after 3 months (Q1) of fiscal year 2009/2010: approx. €2,819 thousand
New orders in Q1: +91.4% / Q1 new orders up by approx 180% compared to Q4
As of August 31, 2009, the order backlog was down by around 16% year-on-year. New orders in Q1 (the summer months June to the end of August) of the current fiscal year are up by approx. 91.4% compared to new orders in previous year Q1. In comparison to the new orders gained in Q4 of the previous year the value of new orders in Q1 of fiscal year 2009/2010 is up by nearly 180%.
The final detailed consolidated figures for the Group will be published together with the first 2009/2010 quarterly report following their approval on October 9, 2009.
Issuer's information and explanatory remarks on this ad hoc disclosure:
Not taking into consideration the CT-DECT JetCom systems for the German Armed Forces that were in the order backlog of Q1 last fiscal year, the order backlog as of August 31, 2009 is the highest in Q1 order backlog since the founding of the company.
The "unadjusted" order backlog in comparison to the preceding year is smaller as expected as the third batch of the major order for CT-DECT JetCom systems from the German Armed Forces has been part in the previous year figure and was delivered and invoiced during the fiscal year 2008/2009. Furthermore the worst crisis to the world economy and the financial markets during the last 80 years had its impact on new orders in Q4 of the fiscal year 2008/2009 and the first half of Q1 in 2009/2010.
The lower number of new orders in Q4 of the preceding year and during the first half of Q1 of the current fiscal year led to reduction of turnover by approx. 6% compared to the year before. Due to the lower workload CeoTronics was able to reduce accumulate overtime hours and holiday entitlements during Q1 of the fiscal year 2009/2010.
"The brightening up of the economic climate in some priority markets, the current order backlog, audio and video projects in preparation and the start up of the future switch to digital radio in Germany make us hesitating positive towards the fiscal year 2009/2010", said Thomas H. Günther, Chairman of the Board of Management.
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