Ad-hoc | 14 April 2003 21:39

CeoTronics AG english

Third Quarter Report as of February 28, 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Weak third quarter / 9-month-EBIT -392 TEUR / Order-backlog 6.4% above last year / Equity rate 72% CeoTronics AG Audio Video Data Communication (ISIN 0005407407 / WKN 540740) which is listed under PRIME Standard had to accept a decrease for the first 9 months in net-sales (consolidated after US-GAAP) by 8.6% to 9.213 TEUR compared to last year. The operating profit (EBIT) for the first 9 months was down to – 392 TEUR compared to -138 TEUR last year. The result before taxes and minority interest decreased for the first three quarters from -256 TEUR (last year) to -488 TEUR (actual). As of February 28, 2003 the net loss amounts to -577 TEUR vs. -361 TEUR last year. The actual loss per share amounts for 9 months -0.27 EUR (last year: -0.17 EUR). The third quarter alone shows an operating profit (EBIT) of -254 TEUR compared to 232 TEUR last year. This decrease is basically due to significantly lower sales in the third quarter. The result before taxes and minority interests is also considerably lower with an amount of -286 TEUR compared to 187 TEUR for the same period last year. The net-income for the third quarter amounts to -320 TEUR compared to 121 TEUR last year. The earnings per share for the quarter show an amount of -0.15 EUR (last year: 0.06 EUR). The gross cash-flow for the 9 months amounts to -122 TEUR (last year 116 TEUR). At the beginning of the 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 February 28, the equity of the group amounts to 72% (last year 64%). The order-backlog amounted as of February 28, 2003 to 1.2 mEUR which is 6.4% up compared to last year. The number of employees decreased from 140 (last year) by 10 to 130 (actual). end of ad-hoc-announcement (c)DGAP 14.04.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The upcoming Iraq war had especially in the third quarter an impact on the economic environment of the CeoTronics group, so that the group was not able to avoid the corresponding influences anymore. Many CeoTronics customers in the industry wanted to wait for the further development before they made decisions on their capital expenditure or expenses. The budgets of the authorities are not yet free, so that the public sector could not offset the missing orders from the industry (especially airlines). According to the opinion of the company the reasons for the lower sales in the third quarter have just a temporal limited influence. As soon as the CeoTronics customers have funds available it is assumed that the demand for CeoTronics products will increase again. “In conversations with our customers in authorities and industry we discover again and again that there is a considerable interest in our products, especially in the ones based on CeoTronics DECT and video technology. Unfortunately, the promised orders are postponed with reference to the current situation of the public budget and the economic situation”, so CeoTronics CEO, Thomas H. Günther. 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 in Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München und Stuttgart 142139 Apr 03