• Group sales: € 29,632 thousand
• EBIT: € 2,514 THOUSAND
• Consolidated net income: € 1,250 thousand
• Order backlog: € 70,935 thousand
• Dividend proposal: € 0.15 per share
• Sales target for the 2024/25 financial year: approx. € 46 million
• Earnings target for the 2024/25 financial year: approx. € 3.5 million

Rödermark, September 9, 2024 – CeoTronics AG once again achieved a very high level of revenue in the reporting period from June 1, 2023 to May 31, 2024 (fiscal year 2023/2024) with consolidated revenue of €29,632 thousand (previous year €30,081 thousand), just below the record revenue of the previous year. Consolidated sales as at May 31, 2024 (financial year 2023/2024) were the second-highest in the company’s history thanks to a 54% share of sales in the last 4 months of the financial year. The consolidated order backlog as at May 31, 2024 changed by +838.1% to a level of € 70.9 million compared to the previous year’s high level. Incoming orders also developed extremely positively, increasing by +349.3% to € 93 million. The binding/guaranteed minimum purchase quantities and orders relating to the large-scale SmG project account for “only” around € 52.5 million of these figures. Group EBIT fell by 35.2% to € 2,514 thousand in the current 2023/2024 reporting period compared to the previous year (€ 3,877 thousand). The EBIT margin fell accordingly by 4.4 percentage points to 8.5% compared to the 2022/2023 financial year. Consolidated earnings before taxes amounted to € 1,930 thousand in the 2023/2024 financial year (previous year: € 3,614 thousand), a decrease of 46.6% (previous year: + 4.9%). Consolidated earnings after taxes fell by € 1,279 thousand (= -50.6%) from € 2,529 thousand to € 1,250 thousand. The return on sales changed from 8.4% in the previous year to 4.2%. The decline in earnings figures is due to the weak sales in the first 8 months of the 2023/2024 financial year, which was characterized by the budget freezes/spending freezes of many German police forces and the German armed forces as well as delays in the awarding of contracts. In addition, CeoTronics had higher personnel costs and a lower margin at CeoTronics S.L. in Spain in the 2023/2024 financial year due to an age-related/planned change in managing director, as the product mix sold was different to what had been planned. At CeoTronics Inc. in the USA, personnel costs increased in order to strengthen sales. The relatively small deviation in consolidated earnings after taxes from the estimate from January 2024 of only around € 50 thousand is due to unexpected additional interest expenses to pre-finance future sales. Equity increased by € 2,654 thousand compared to the previous year (€ 17,241 thousand) to € 19,895 thousand. The equity ratio fell to 45.4% (previous year: 58.7%) due to the increase in liabilities to banks for the pre-financing of major orders. The gross cash flow for the 2023/2024 financial year amounted to € 1,997 thousand (previous year: € 3,627 thousand). The cash flow from operating activities in the financial year 2023/2024 changed to € -12,120 thousand (previous year: € 4,670 thousand) and is mainly the result of increased payments for inventories. The CeoTronics share started the 2023 / 2024 financial year at an initial price of €4.01 and closed the past financial year on May 31, 2024 at a price of €6.20 and a price gain of 54.61%. In a short research analysis by BankM on April 24, 2024, a fair value per share of € 8.05 was determined. We are pleased to once again be able to pay a dividend.

As part of the appropriation of profits, the Management Board of CeoTronics AG proposes that the Supervisory Board propose to the Annual General Meeting that a dividend of €0.15 per share be distributed from the net retained profits and that the remaining net retained profits be carried forward to new account. “In summary, it should be noted that everything that CeoTronics could influence was repeatedly optimized and the best possible results were therefore achieved. The extremely high order backlog and the major projects currently in progress justify our optimistic outlook for the coming financial years. From today’s perspective, we are planning consolidated revenue of around € 46 million in the 2024/2025 financial year, net income of around € 3.5 million and a continuation of the positive business development in subsequent years. We are looking forward to our 2024/2025 financial year and our 40th company anniversary in June 2025,” said CEO Thomas H. Günther. About CeoTronics:
CeoTronics AG has established itself as a leading system provider of mobile digital radio networks and terminals for local mobile applications as well as high-quality communication headsets and systems for professional use in the premium segment. Since its foundation in 1985, CeoTronics AG has positioned itself at the top of the quality and performance pyramid with the highest level of consulting expertise, customer proximity, top product quality in function and workmanship, the use of the latest technologies and the flexibility to develop customized system solutions. CeoTronics products are used primarily in Europe and North America, in demanding/difficult environmental conditions by fire departments, state and federal police forces, the military, energy suppliers and power plant operators, airlines/airports and various other industrial sectors. For example, in noisy environments, when wearing breathing apparatus, helmets or protective suits or when both hands must remain free for the actual work. Concealed audio and video systems are also part of CeoTronics AG’s core competence. CeoTronics Aktiengesellschaft Audio Video Data Communication (ISIN: DE0005407407) is listed on the Basic Board of the Frankfurt Stock Exchange and is also traded on Xetra.

Further information:

CeoTronics AG Audio Video Data Communication
Investor Relations, Adam-Opel-Straße 6, 63322 Rödermark, Germany
E-mail: vorstand@ceotronics.com, Internet: www.ceotronics.com