Ad-hoc | 13 October 2006 17:10

CeoTronics AG: Consolidated Interim Report for Q1 2006/2007

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Revenues €3,799 thousand / EBITDA €491 thousand / EBIT €366 thousand / profit after tax for the quarter €210 thousand / gross cash flow €335 thousand / high order backlog (+45.2%) CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407), Adam-Opel-Strasse 6, 63322 Rödermark (Germany), listed in the Prime Standard’s Technology All Share segment of the Frankfurt Stock Exchange, recorded consolidated group revenues of €3,799 thousand (-1.1%) in accordance with IFRSs. The company was therefore almost able to match the previous year’s record revenues (€3,843 thousand). EBITDA (Earnings before Interest, Taxes, Depreciation and goodwill Amortization/impairment) dropped by €110 thousand compared with the prior-year period, from €601 thousand to €491 thousand. EBIT decreased by €28 thousand, from €394 thousand to €366 thousand. In contrast to the previous year’s consolidated profit of €195 thousand net income of €210 thousand was generated. Consolidated profit therefore improved by €15 thousand. Gross cash flow decreased by €67 thousand in the period under review, from €402 thousand in the prior-year period to €335 thousand. Earnings per share improved by €0.01 to €0.10 compared to €0.09 for the same period last year. Consolidated equity as of August 31, 2006 amounted to €11,554 thousand, while the equity ratio was 80.5% (previous year: 78.8%). As of August 31, the order backlog had risen considerably year-on-year by 45.2%. The number of employees in the Group (including trainees) increased to 134 as of August 31 (August 31, 2005: 130). All new jobs were created in Germany. ————————————————————————— Information and Explaination of the Issuer to this News: The CeoTronics Group’s consolidated profit for the first quarter of fiscal year 2006/2007 exceeded the record group result in the prior-year period. In the first quarter of this fiscal year, the company performed preparatory work for larger orders to be delivered during the second quarter. The order backlog increased significantly year-on-year, rising by 45.2%. This extremely high order backlog is another reason for the company’s optimistic outlook. At +3.4% in the period under review, CeoTronics’ share price does not reflect the positive development of the company. The extremely positive figures for fiscal year 2005/2006, which were published in detail in mid-August, and the proposed dividend of €0.30 per share (up 50% year-on-year) did not have a sufficiently positive effect on the share price in the period up to the reporting date of August 31, 2006. However, CeoTronics’ shares clearly outperformed the TECDAX by 6% and the TAS (Technology All Share) by 6.8%. The positive share price performance should also be bolstered by the positive results of the research by German Business Concepts GmbH (the study calculated a fair value of €10.38 for CeoTronics shares) and by designated sponsoring (including trading on XETRA) by Gebhard & Co. Wertpapierhandelsbank AG. In keeping with tradition, CeoTronics expects to issue its revenue and earnings targets for fiscal year 2006/2007 in January 2007, at the time of publication of its half-year results. Chairman and CEO Thomas H. Günther commented as follows on the results of the first quarter of 2006/2007: ‘Revenue development and the extremely high order backlog in the first quarter of 2006/2007 met our expectations. We remain on course for success.’ Further information: CeoTronics AG Audio Video Data Communication Investor Relations, Adam-Opel-Strasse 6, 63322 Rödermark, Germany Tel.: +49 6074 8751-722, Fax: +49 6074 8751-720 E-mail: chairman@ceotronics.com, Internet: http://www.ceotronics.com (c)DGAP 13.10.2006 ————————————————————————— Language: English Issuer: CeoTronics AG Adam-Opel-Straße 6 63322 Rödermark Deutschland Phone: +49 (0)6074 8751-722 Fax: +49 (0)6074 8751-720 E-mail: investor.relations@ceotronics.com WWW: www.ceotronics.com ISIN: DE0005407407 WKN: 540740 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ————————————————————-