Ad-hoc | 15 October 2002 19:34

CeoTronics AG english

First quarter report 02/03 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Sales increase despite recession / Margin improvement / New Products for Security-organizations CeoTronics AG Audio Video Data Communication, which is listed at Frankfurt’s Regulated Market (WKN 540 740) achieved in the first quarter of the business year 02/03 (June 01 – August 31, 2002) a net-sales increase of 2.4 % in comparison to the previous year. Net-sales of TEuro 2,491, consolidated after US-GAAP, have been achieved in the seasonally weak summer-quarter. The EBIT improved by TEuro 331 to TEuro -263. Also the EBITDA, the result before interests, taxes, depreciation and amortization increased by TEuro 344 to TEuro -107. The result after taxes amounts to TEuro -314 (previous year: TEuro -651). The Gross Cash-flow also increased considerably to TEuro -158 in comparison to the previous year’s quarter (TEuro -508). The earnings per share amount to -29 Cent (previous year: -60 Cent). The net book value amounts at the end of the quarter to TEuro 10,192 and so the equity rate is 71 % (previous year: 63 %). The order backlog as of August 31, 2002 increased by 35 % in comparison to the last quarter (as of May 31, 2002) and increased by 11 % compared to previous year’s date. The number of the employees decreased about 9,4 % from 138 to 125. The first quarter 02/03 overview: Quarter 1,02/03 Quarter 1,01/02 Net-Sales 2.491 TEuro 2.434 TEuro EBITDA -107 TEuro -451 TEuro EBIT -263 TEuro -594 TEuro Result before taxes -290 TEuro -625 TEuro Net-Income -314 TEuro -651 TEuro Earnings per share -29 Cent -60 Cent end of ad-hoc-announcement (c)DGAP 15.10.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The consequent realization of the strategy-change “profit before growth” and the realization of net-sales in margin-strong new products of digital radio engineering brought an improvement to the previous year. “For 18 years, CeoTronics always had a deficit in the summer quarter which is considered to be normal,” said the company’s CEO Hans-Dieter Günther. “The figures are in the line with our goals – the board of management is satisfied with the business- development”. 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)6078/8751-720 E-Mail: vorstand@ceotronics.com Internet: http://www.ceotronics.com ——————————————————————————– WKN: 540740; ISIN: DE0005407407; Index: Listed: Geregelter Markt Frankfurt Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 151934 Okt 02