Ad-hoc | 22 April 2002 08:20

CeoTronics AG english

Third quarter report of the business year 2001/2002 CeoTronics AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Also profit in third quarter / Sales revenues rose by 3.6 percent / adjustment of forecast till the end of business year Consolidated sales of the first three quarters of the business year 2001/2002 (ended February 28, 2002) of CeoTronics AG Audio Video Data Communication, which is listed on Frankfurts Neuer Markt (WKN 540740), rose by 3.6 percent to 10,085 Mio. Euro compared to the same period last year (according to US-GAAP). In the third quarter the sales revenues of 3,801 T Euro resulted in a significantly improved EBIT of 232 T Euro in comparison to the same quarter last year (-206 T Euro). The net-income for the III. quarter of the current business year amounts to 121 T Euro (11 cent per share) vs. -233 T Euro last year. After nine month of the current business year the EBIT still shows a net-loss amounts -138 T Euro (last year: -1,315 T Euro). The development of the EBITDA in the same period with 339 T Euro was positive (last year -902 T Euro). CeoTronics year-to-date net-loss amounts to -361 T Euro which is a significant improvement compared to last year (-1,330 T Euro). The sales forecast of 15,15 Mio. Euro which had been given before the major global economical occurrences will not be reached till May 31, 2002. This is also due to reason from the side of manufacturing. The management now forecasts a consolidated sales revenue of 13,7 Mio. Euro. Concerning the profit situation till the end of the business year the management can not jet give a well founded change of prognosis. The board believes in a positive result also for the IV. quarter 2001/2002. The sales orders in hand as of February 28, 2002 amounted to 1,150 T Euro (40 percent less than the same time the year before). But one has to take into account a shift in period in the IV. quarter. The number of employees (not including trainees) amounted to 140 as of February 28, 2002 (last year: 142). The equity of the CeoTronics group as of February 28, 2002 is 64 percent; demonstrating the solid financial foundation of the company. end of ad-hoc-announcement (c)DGAP 22.04.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The rise of the turnover of 3.6 percent within the period under review has to be seen in a positive light taking into consideration the general recessive economical environment. The decline in airline business and in the general industry have both been more than compensated by the higher demand for security products. More than 70 percent of CeoTronics sales revenue is generated outside Germany. The change in strategy started more than a year ago and the consequent cost cutting program show the first results after the first nine months of the business year 2001/2002. The traditionally strong IV. quarter is a good reason to believe in a positive result. Further information: CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Straße 6 63322 Rödermark Germany Phone: +49(0)6074/8751-722 Fax: +49(0)6074/8751-720 E-Mail: vorstand@ceotronics.com Internet: http://www.ceotronics.com ——————————————————————————– WKN: 540740; ISIN: DE0005407407; Index: Listed: Neuer Markt Frankfurt Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 220820 Apr 02