Ad-hoc | 14 August 2002 19:49

CeoTronics AG english

CeoTronics Group Results as of May 31,2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 3.2 % rise in net-sales / 0.77 EUR earnings per share / turnaround managed / analyst estimation exceeded / bonus shares to be proposed to the annual meeting CeoTronics AG Audio Video Data Communication, which is listed at Frankfurt’s Regulated Market (WKN 540 740) achieved in the business year 2001/2002 (ended May 31,2002) consolidated net-sales (according to US-GAAP) of TEUR 13,868 (previous year: TEUR 13,441). The EBITDA was +TEUR 833 (previous year: -TEUR 837). The EBIT amounted to +TEUR 194 (previous year: – TEUR 1,401). The CeoTronics Group achieved a result before taxes of TEUR 29 (previous year: TEUR -1,452) and a net-income of TEUR 830 (previous year: TEUR -1,492). The earnings per share amount to 0.77 EUR (previous year: -1,52 EUR ). The net book value amounts TEUR 10,607 (previous year: TEUR 9,999). CeoTronics equity rate as of May 31,2002 amounts to 70.2 % (previous year: 65,9 %). The order backlog as of May 31,2002 increased by 9 % in comparison to last year. The number of the employees as of 31.5.2002 decreased to 128 (previous year: 152). 2001/2002 overview: 2000/2001 2001/2002 Net-sales TEUR 13,868 TEUR 13,441 EBITDA TEUR 833 TEUR -837 EBIT TEUR 194 TEUR – 1,401 Result before taxes TEUR 29 TEUR – 1,452 Net-income TEUR 830 TEUR – 1,492 Earnings per share EUR 0.77 EUR – 1.52 end of ad-hoc-announcement (c)DGAP 14.08.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Sales losses with the airlines and general industry due to the recession and after the terrorist attacks were overcompensated by higher demands for products for the internal and external security. A better margin-mix and cost cutting measures brought three quarters in a row with profit and the turnaround. The realisation of the, in March 2001 decided, strategy-change “profit before growth” was very successful. CeoTronics Supervisory Board decided in its meeting dated August 14,2002, to propose to the annual shareholder meeting on 5. Nov. 2002 to issue bonus shares in a ratio 1:1. This suggestion was also made by the Board of Management. The complete annual report will be available on August 30,2002 under www.ceotronics.com . For 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: chairman@ceotronics.com Internet:www.ceotronics.com ——————————————————————————– WKN: 540740; ISIN: DE0005407407; Index: Listed: Geregelter Markt Frankfurt Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 141949 Aug 02