Group KPIs for the financial year 2020/2021

• Group turnover k€ 26,558 (+ 8.4%)
• EBIT k€ 3,241 (+ 29.5%)
• Consolidated profit before taxes k€ 3,048 (+ 34.8%)
• Incoming orders k€ 21,230 (+ 2.3%)
• Suggested dividend of € 0.12 per share

Rödermark, 6 September 2021 - With group turnover of k€ 26,558 (previous year k€ 24,496) in the reporting period from 1 June 2020 until 31 May 2021 (financial year 2020/2021), CeoTronics AG again reached record levels in spite of the impact of the pandemic. As such, the forecast turnover of approx. € 26.0 million was exceeded by k€ 558.

The consolidated order backlog as at 31 May 2021 fell as expected to k€ 17,137. Thanks to many larger projects prepared over the long term, incoming orders in the 2020/2021 financial year increased somewhat by 2.3%. Comparing Q4, incoming orders even increased by 30.9%.

The turnover proportion of recurring turnover, which is thus easier to budget for, rose by 11% compared to the previous year and in the 2020/2021 financial year reached 52.7%. „Recurring turnover“ includes e.g. contractually agreed maintenance/servicing as well as large orders which are produced and invoiced in smaller lots per year over several years. But very high customer satisfaction also led to a high proportion of customers who repeatedly choose our products. But these turnover shares are not included in the above ratio of recurring turnover.

EBIT again increased compared to the previous year (k€ 2,503) by 29.5% to k€ 3,241. The EBIT margin went up by 2.0% compared to the 2019/2020 financial year to 12.2%.

Consolidated profit before taxes amounted to k€ 3,048 (previous year k€ 2,261) and thus increased by 34.8%. Group profits again increased significantly by k€ 464 from k€ 1,635 to k€ 2,099. Profit turnover increased by 6.7% compared to the previous year to 7.9%.

Equity grew compared to last year (k€ 11,972) by k€ 2,290 to k€ 14,262. The equity ratio is now 59.4 % (previous year 49.5 %).

In the 2020/2021 financial year, CeoTronics was able to increase gross cash flow by k€ 342 from k€ 2,995 to k€ 3,337. During the course of the 2020/2021 financial year, CeoTronics in some periods managed without short-term credit lines.

The headcount in the CeoTronics group was 134 as at 31 May 2021 and thus one employee fewer than the previous year’s figure of 135. By full-time equivalents (FTE), this gave a figure of 129 like the previous year. Turnover per employee (by FTE) increased by 8.0% to k€ 203.

The CeoTronics share started the 2020/2021 financial year with an initial listing at € 2.50 and increased significantly with fluctuations. Especially at the start of November 2020, after a major order was published and shortly before and after the half-annual figures were published (end of January 2021), major price increases occurred in a relatively short period. The CeoTronics share ended the past financial year on 31 May 2021 at a rate of € 3.87 and a performance of +54.8%, thereby clearly outperforming the most important German share indexes in this period.

At the end of the 2020/2021 financial year, the CeoTronics share was traded above book value, at € 2.16 per share. The price-to-book ratio (P/B ratio) at this point in time was therefore 1.79.

The Supervisory Board agreed with the suggestion of the Management Board to suggest to the General Meeting on 5 November 2021 to pay a dividend of € 0.12 per share from the balance sheet profits of CeoTronics AG and to carry forward the remaining balance sheets profit to strengthen the equity capital of CeoTronics AG. This results in a distribution ratio of 40.1% of distributable balance sheet profits. CeoTronics thus continues its earlier dividend history (previous dividend payments of approx. € 4.82 million).

„Especially in light of the ongoing negative impact of the COVOD pandemic over the last 1.5 years, we are extremely happy about the consistently positive developments of all turnover and results figures for the 2020/2021 financial year. The distortions on the components procurement market have long ceased to be limited to electronic components. Purchasing plastic granulate and mechanical components is also becoming ever more difficult, expensive and unreliable. We have so far been able to manage these challenges well thanks to high levels of commitment, forward-looking procurement and high capital retention. The consequences of the pandemic-related travel and visiting restrictions could also have an effect on future incoming orders. We are nevertheless optimistic that we will be able to finish the current financial year 2021/2022 with slightly higher turnover and results. Our positive outlook is based on the still high order backlog and the manage projects, e.g. from the order forecasts,“ says CEO Thomas H. Günther.

About CeoTronics

CeoTronics AG has become established as a leading system provider of mobile digital radio networks and end devices for local mobile applications as well as high-quality communication headsets and systems for professional use in the premium segment. With the highest advisory expertise, proximity to customers, optimal product quality in functionality and workmanship, the use of state-of-the-art technologies and the flexibility to develop customised systems, CeoTronics has risen to the top of the quality and performance pyramid since its foundation in 1985. CeoTronics products are predominantly used in Europe and in North America, in tough/difficult environments by fire brigades, state and federal police, the military, energy providers and power station operators, airlines/airports as well as by various other industrial sectors. For example in noise, when wearing breathing apparatus, helmets or protective suits or if both hands need to remain free for the actual work. And of course, concealed audio and video systems also belong to the core competence of CeoTronics AG.

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407) is listed in the Basic Board of the Frankfurt Stock Exchange and also traded on Xetra.

More 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