Ad-hoc | 14 January 2003 13:58

CeoTronics AG english

CeoTronics AG – Report for first half year as of November 30, 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Development continues as planned / Second quarter profit 57 TEuro / Positive gross Cash flow / Equity rate 67% CeoTronics AG Audio Video Data Communication (WKN 540 740) which is listed under PRIME Standard increased sales for the first six month, ending November 30, 2002 slightly by 0.4% up to 6,309 TEuro (consolidated after US-GAAP). The operating profit (EBIT) improved for the first 6 months to -138 TEuro compared to -370 TEuro last year. The result before income taxes and minority interest improved as well for the first half year 02/03 from -442 TEuro to -202 TEuro. The net income as of November 30, 2002 amounts to -257 TEuro compared to -481 as of November 30, 2001. The loss per share for the first 6 months is -0,24 Euro (last year -0,45 Euro). The gross cash flow for the first six month is positive and amounts to 49 TEuro (last year -172 TEuro). In comparison to the second quarter last year, CeoTronics reached with almost the same sales an operating profit of 125 TEuro which was less than the one last year (224 TEuro). The result before income taxes and minority interest amounted to 88 TEuro and was also less than last year (183 TEuro). Net income for the second quarter was 57 TEuro compared to 170 TEuro last year’s second quarter. The result per share for the second quarter 02/03 was 0,05 Euro (last year 0,16 Euro). At the beginning of this business year, the scope of consolidation was enlarged by the addition of AACOM-CeoTronics Ltd, Lodz, Poland, where CeoTronics AG holds a 75% share. As of November 30, 2002 the CeoTronics group has an equity rate of 67% (previous year 66%). The order backlog for the entire group as of November 30, 2002 amounted to 1.8 m Euro which is approx. last years level. The number of employees decreased from 137 (November 30, 2001) by 11 to 126 (November 30, 2002). end of ad-hoc-announcement (c)DGAP 14.01.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The economic environment of CeoTronics did not improve in the reporting period. Especially the industry world wide and the authorities in Germany and France are reluctant for necessary investments. Due to the fact that CeoTronics is placed on stable footing in the niche market for communication in difficult environments, the group was able to separate from the downturn of the electrical and electronical industry. A slight sales increase was reached due to a higher demand for law enforcement products. Traditionally, the first six months of the business year show lower activity due to the summer months. The Board of Management assumes a further improvement of the key ratios in the second half year and maintans its profit forecast as of May 31, 2003. 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: Geregelter Markt Frankfurt Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 141358 Jän 03