Report for the 1st half of the financial year 2015/2016 (1 June 2015 to 30 November 2015)

Group sales €8,494k (+20.0%) / Group result -€128k (+€297k) / order volume €5,819 (+9.2%)

CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Straße 6, 63322 Rödermark, Germany, recorded Group sales of €8,494k in the report period from 1 June to 30 November 2015 (previous year €7,081k). This corresponds to an increase of 20.0% compared with the relatively low sales in the previous year. Positive sales developments particularly occurred in Spain, Switzerland, Austria, Benelux, as well as at CT-Video GmbH.

An EBIT of -€92k (previous year -€603k), a result before tax of -€189k (previous year -€687k) and a Group result of -€128k (previous year -€425k) were recorded in this half of the financial year. There was a result per share of -€0.02 (previous year -€0.06). The gross cash flow came to -€189k (previous year -€453k).

The Group’s equity capital increased compared with the previous year by €538k from €10,272k to €10,810k. The equity ratio as of 30 November 2015 fell slightly from 59.0% to 58.8% due to the increased balance sum.

The consolidated order volume as of 30 November 2015 rose in comparison with the previous year by 9.2% to €5,819k. Incoming orders in the first six months of the 2015/2016 fiscal year came to €7,813k (previous €8,857k).

The workforce in the Group (including apprentices) as of 30 November 2015 was below the level of the previous year (151 employees) by a total of four members of staff, at 147 employees. Fulltime
equivalents (FTEs) once again produced a value of 139.

For the financial year 2015/2016, Group sales amounting to approx. €18.1 million (previous year €17.9 million) and a positive Group result 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).

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:

For many years, there has been an increased need for investment on the part of government security and law enforcement agencies. This relates both to increasing the number of staff and also better technical equipment of the operatives in the police and military. Our lives, our values and our democracy are threatened not only by Islamic terrorism, but also by radical and/or the populist right-wing and organized crime, including no-go areas. As a result of this, the willingness and ability to invest further with regard to government security and law enforcement agencies should increase across Europe. However, the prerequisite for this is a rethink in politics, which must provide the necessary additional financial means over the short-term.

The equipping of special units is one of the biggest core competencies of CeoTronics. Not only special response units (SEKs) but also units operating covertly should be expanded and developed – naturally also with technical equipment. In the product area ‘covert communication’, CeoTronics recently brought unique products onto the market. The publication of details is naturally prohibited. Also for SEK/SWAT teams and other special units, CeoTronics has developed the intelligent radio operating button ‘CT-MultiPTT 2C/BT’ - a product that should generate stimulus. CeoTronics AG and Schuberth GmbH have coordinated their products for the riot police and exclusively this helmet/headset combination is also certified and approved according to the Technical Directive of the Police. What’s more, CeoTronics is developing the new generation of the digital radio CT-DECT, for which a market launch is planned in summer 2016.

For the following 2016/2017 financial year, the successful marketing of the newly developed CeoTronics products and the newly offered services and an increase in 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) as well as in connection with the increased investment to boost internal security. In the overseas markets, growing sales overall across all customer groups are expected.

“According to current estimates, CeoTronics will continue the positive business development that was introduced in the financial year 2014/2015 and can keep to the sales and results targets for the financial years 2015/2016 and 2016/2017 published in August 2015,” stated 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