Ad-hoc | 15 October 2004 15:48

CeoTronics AG: Consolidated Report on Q1 2004/2005

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Consolidated Report on Q1 2004/2005 Revenues up 9.7% / EBITDA EUR159 thousand / EBIT EUR57 thousand / quarterly net income after taxes EUR11 thousand / gross cash flow EUR113 thousand / order backlog jumps 234% / best Q1 since 1998 In the first quarter of 2004/2005, CeoTronics AG Audio Video Data Communication, listed in the Prime Standard’s Technology All Share segment (ISIN: DE0005407407), recorded year-on-year growth in consolidated revenue of 9.7% from EUR2,551 thousand to EUR2,799 thousand. EBITDA (Earnings Before Interest, Taxes, and Goodwill Amortization/impairment) improved by EUR294 thousand, from EUR-135 thousand in the same period of the previous year to EUR159 thousand. EBIT rose by EUR310 thousand year-on-year, from EUR-253 thousand to EUR57 thousand. Net income of EUR11 thousand was realized as against the net loss after taxes of EUR272 thousand in the first quarter of the previous year. As a result, the Group’s earnings improved by EUR283 thousand. Gross cash flow was up by EUR267 thousand in the period under review, from EUR-154 thousand in the same period of the previous year to EUR113 thousand. Earnings per share improved by EUR0.14 to EUR0.01 from EUR-0.13 a year ago. The Group’s shareholders’ equity as of August 31, 2004 was EUR10,072 thousand, while its equity ratio amounted to 76.5% (previous year: 68.1%). The consolidated order backlog had risen 234% on the interim reporting date as against the same date last year. The number of employees fell by 7 year-on-year, from 129 to 122. end of ad-hoc-announcement (c)DGAP 15.10.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: The CeoTronics Group’s Q1 2004/2005 figures according to U.S. GAAP represent the best summer result since it began issuing interim reports and its IPO in 1998. For the first time, the Group generated positive net income in the first quarter (June, July, August), despite the vacation months. Sales by the German parent company, CeoTronics AG, Rödermark, calculated in accordance with the HGB (German Commercial Code), grew 3.3%. EBITDA improved by EUR283 thousand from EUR-233 thousand to EUR50 thousand, while EBIT increased by EUR296 thousand from EUR-336 thousand to EUR-40 thousand. In contrast to the previous year’s quarterly net loss after taxes of EUR355 thousand, quarterly net income of EUR244 thousand was generated from dividend payments by subsidiaries (EUR266 thousand). This represents an increase in earnings after taxes by EUR579 thousand. In the period under review, the price of CeoTronics shares increased by a further 17.5%, bucking the negative trend on the DAX and TECDAX. In light of the macroeconomic environment, the Board of Management is satisfied with the results of operations, and believes that revenues and earnings will continue to improve in the next quarters, due to the high order backlog, among other things. Further information: CeoTronics AG Audio Video Data Communication Investor Relations, Adam-Opel-Strasse 6, 63322 Roedermark, Germany Tel. +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 Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 151548 Okt 04