Revenue and order backlog development at the end of the 2023/2024 financial year (30 November 2023)

Consolidated revenue approx. € 10.8 million // Consolidated incoming orders approx. € 18.5 million (approx. +41.2%) // Consolidated order backlog approx. € 15.3 million (approx. +4.7%) // Revenue and profit target withdrawn // Positive outlook for the 2024/2025 financial year

CeoTronics AG Audio Video Data Communication generated consolidated revenue of approximately €10.8 million in the reporting period from 1 June 2023 to 30 November 2023 according to preliminary figures. The decline in revenue of approx. 29.6% resulted in particular from the low order backlog as at 31 May 2023.

Order intake after 6 months of the 2023/2024 financial year amounts to approx. € 18.5 million and is thus approx. 41.2% above the level of the same period of the previous year. the consolidated order backlog as at 30 November 2023 increased by approx. 4.7% to
approx. € 15.3 million.

Final and detailed half-year figures will be published with the half-year financial report 2023/2024 after approval, probably on 26 January 2024. A more precise assessment of the sales and earnings forecast as at 31 May 2024 will also be possible at that time based on the orders received by then. „We had not expected the slump in incoming orders to last so long. The federal budget freeze of 20 Nov. 2023 dampened the slow resolution of the order intake slump. Due to the renewed delays in the desired order placement processes, it now no longer appears possible to achieve our sales and earnings targets (slight increases in each case) for the 2023/2024 financial year. We are currently planning consolidated sales of € 28 million to € 29 million and expect to achieve a clearly positive result by the end of the financial year on 31 May 2024. We will be able to specify and then communicate the new earnings forecast at the end of January 2024. We are convinced that incoming orders and the order backlog will reach significantly higher levels by 31 May 2024, thereby underpinning our very positive outlook for the 2024/2025 financial year,“ announced the Chairman of the Management Board and CEO Thomas H. Günther.

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, is listed on the Basic Board of the Frankfurt Stock Exchange.

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