Ad-hoc | 31 August 2001 08:24

CeoTronics AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Net Sales increase / Loss is lower than expected / Market Leadership further established / Further positive Growth expected Consolidated net sales (according to US-GAAP) of the business year 2000/2001 (June 1 until May 31) of the CeoTronics AG, which is listed on Frankfurts Neuer Markt (WKN 540 740), rose by 12.5% to 13.44 Mio. Euro. In a difficult economic environment, shaped of budget stops of some authorities and investments shifts of the industry, the net sales increase could mainly be obtained in the USA, Spain, France and Switzerland. As a result of the appearing general conditions, CeoTronics revaluated its scheduled figures on April 2, 2001. The forecasted consolidated loss of the Group at this time with 1.8 Mio. Euro is actually with 1.49 Mio. Euro smaller than expected. Particularly our positive business development in the USA in the 4th quarter contributed to the positive surprise. Different factors had an impact on the loss of the Group: Manufacturing cost rose, among other things by temporary shortage of electronic components and the building up of production capacities at 2 new locations (USA and Saxonia-Anhalt, Germany); expenses for the internal growth in research & development and the expansion of the sales forces; single effects by the acquisition of the DTC Audio Line and the relocation to Virginia (USA). CeoTronics has a shareholders equity ratio of 65.9% as of May 31, 2001. At the same time, the net shareholders equity amounts to 10 Mio. Euro and the cash and cash equivalents amount to 1.7 Mio. Euro. As of May 31, 2001, 160 employees work in the CeoTronics Group. CeoTronics consolidates 8 companies; 4 of it are production companies. The received orders, order promises, the marketing of the new digital products and ongoing negotiations regarding co-operations within the first 3 months of the business year 2001/2002 (since June 1) let expect a 2-digit growth for the current business year. As the Board of Management already announced on April 2, 2001, CeoTronics wants to return to its old strength in profit and give the realization of profits priority before investments. end of ad-hoc-announcement (c)DGAP 31.08.2001 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The negotiations with bulk purchasers continue. “CeoTronics has good prospects by airlines, authorities and industry to execute large transactions” says the chairman of the Board of Management, Hans Dieter Günther. The growth prospects in the radio technology – particularly for the new digital systems of CeoTronics – are outstanding. Hans Dieter Guenther further: “The present share price is pressed down by manipulators; the market capitalization dated August 30, 2001 amounts only to approximately 53% of the actual assets of May 31, 2001. Further information: CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Straße 6 63322 Rödermark Germany Tel: +49(0)6074/8751-722 Fax: +49(0)6074/8751-720 E-Mail: vorstand@ceotronics.com Internet: http://www.ceotronics.com ——————————————————————————– WKN: 540740; Index: Listed: Neuer Markt Frankfurt Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 310824 Aug 01