Report for the 1st half of the financial year 2014/2015 (1 June 2014 to 30 November 2014)

Group sales €7,081k / Group result -€425k / order volume as of 13 January 2015 around 35% above the previous year / prospect of a significantly better second half to the financial year

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, recorded Group sales of €7,081k in the report period from 1 June to 30 November 2014 (previous year €8,286k). This corresponds to a sales reduction of 14.5% compared with the previous year.

The positive sales developments in the USA, Switzerland, Benelux, Northern Europe and at CT-Video GmbH were unable to offset the drop in sales compared with the same period during
the previous year with the German armed forces and the defense industry, German industry and in Spain.

An EBIT of -€603k (previous year -€306k), a result before tax of -€687k (previous year -€387k) and a Group result of -€425k (previous year -€350k) were recorded in this half of the financial
year. There was a result per share of -€0.06 (previous year -€0.05). The gross cash flow came to €195k (previous year €207k).

The Group’s equity capital fell compared with the same period during the previous year by €980k from €11,252k to €10,272k. The equity ratio as of 30 November 2014 nevertheless rose to 59.0% (previous year 55.5%).

The consolidated order volume as of 30 November 2014 fell in comparison with the previous year by 12.5% to €5,327k. Over the course of the financial year, CeoTronics received many larger orders, meaning that the current order volume as of 13 January 2015 is significantly above the value of the same time during the previous year by around 35%.

The workforce in the Group (including apprentices) as of 30 November 2014 was below the level of the previous year (160 employees) by a total of nine members of staff, at 151 employees.
Full-time equivalents (FTEs) produce a value of 139.

For the financial year 2014/2015, Group sales amounting to approx. €17.5 million are currently to be expected following the sales budget revision, based, among other things, on the actual sales, the order volume and the order forecast. At present, a marginally positive Group result is expected – this would correspond to a result improvement compared with the previous year of around €0.8 million.

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, is listed in the Entry Standard.

Information and explanatory notes from the issuer on this Corporate News:

The cost optimizations and boosts in efficiency that were already introduced in the second half of the 2013/2014 financial year and were continued over the course of the 2014/2015 financial year are having effects.

For the following 2015/2016 financial year, the successful marketing of the newly developed CeoTronics products and the newly offered services and a stabilization of the sales with the military and the defense industry are expected. Domestically, CeoTronics is particularly expecting interesting orders as part of the BOS digital radio call for tenders (police and fire service). In foreign markets, sales increases are expected in Spain and France due to an improvement in the economy and budgetary situation there and, in the USA, a continued dissolution of the investment blockage on the customer side is anticipated.

“We expect a significantly better second half to the 2014/2015 financial year. In particular, the pleasantly positive development in incoming orders at the end of the second and start of the third quarters in the current financial year and the order forecast justify the positive outlook,” announced the CEO and chairman of the board, Thomas H. Günther.

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