CeoTronics AG / Final Results
14.08.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Revenues 21,318 thousand (+18.8%) / EBIT 2,786 thousand (+45.2%) / profit
after tax for the year 1,835 thousand (+75.3%) / gross cash flow 2,356
thousand (+50.5%) / order backlog 6,156 thousand / dividend of 0.15 per
share proposed
CeoTronics AG Audio Video Data Communication (ISIN: DE0005407407),
Adam-Opel-Strasse 6, 63322 Rödermark, Germany, listed in Frankfurt Stock
Exchanges Prime Standard segment and included in the Technology All Share
Index, generated consolidated revenues of 21,318 thousand in fiscal year
2007/2008. This represents an increase of 3,379 thousand (+18.8%) over the
previous year.
EBITDA (Earnings before Interest, Taxes, Depreciation and goodwill
Amortization/impairment) increased by 870 thousand compared with the
prior-year period, from 2,437 thousand to 3,307 thousand. EBIT rose by
867 thousand (+45.2%), from 1,919 thousand to 2,786 thousand. The EBIT
margin increased from 10.7% to 13.1%. Profit before tax increased by 807
thousand (+43.4%), from 1,861 thousand to 2,668 thousand. Consolidated
profit after tax for fiscal year 2007/2008 (in accordance with IFRSs)
amounted to 1,835 thousand, up 1,047 thousand or 75.3% as against the
previous year.
Earnings per share increased by 0.12, from 0.16 to 0.28.
Consolidated equity as of May 31, 2008 amounted to 12,967 thousand
(+10.8%), while the equity ratio was 64.2% (previous year: 66.8%).
Gross cash flow improved by 791 thousand (+50.5%) year-on-year in the
period under review, from 1,565 thousand to 2,356 thousand.
The Group's order backlog decreased to 6,156 thousand as of the reporting
date, a drop of 27.4% on the previous year's high level.
The number of employees in the Group (including vocational trainees) as of
May 31, 2008 was 150 (previous year: 144).
In its meeting on Thursday, August 14, 2008, the Supervisory Board
concurred with the Board of Management's proposal to the General Meeting
that a dividend of 0.15 per share (previous year: 0.10) be paid from the
parent company's net retained profit of 2,824,350.62 thousand.
In comparison with Q4 2006/2007, Q4 2007/2008 saw an increase in
consolidated revenues of 2,526 thousand (+64.7%), from 3,903 thousand to
6,429 thousand, and an improvement in EBIT of 693 thousand (+262.5%),
from 264 thousand to 957 thousand. Profit for the quarter increased by
580 thousand (+783.8%) year-on-year, from 74 thousand, to 654 thousand.
Quarterly earnings per share rose to 0.10 (previous year: 0.01). Gross
cash flow increased by 573 thousand (+270.3%) year-on-year for the quarter
from March 1 to May 31, from 212 thousand to 785 thousand.
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Information and Explaination of the Issuer to this News:
CeoTronics generated consolidated revenues of 21,318 thousand in fiscal
year 2007/2008, exceeding the record figure for fiscal year 2005/2006 by
18%.
With an all time high consolidated profit after tax of 1,835 thousand
CeoTronics has exceeded the expectations.
The record-breaking results (EBITDA, EBIT, profit for the year before tax,
and gross cash flow) recorded in fiscal year 2006/2007 were further
improved on in fiscal year 2007/2008.
The extremely high order backlog as of May 31, 2007 (8,478 thousand)
decreased as expected due to the delivery and invoicing of the first two
batches of the major CT-DECT JetCom systems order for the German Armed
Forces. The comfortable order backlog of 6,156 thousand as of May 31, 2008
is up 22.9% as compared with the average for the last three reporting
dates.
'In addition to the order backlog as of the end of the fiscal year, the
orders we have received to date and the projects currently being negotiated
or prepared, as well as the approaching switch to digital radio by
government security and law enforcement agencies in German, Austria, and
Northern Europe make us optimistic for fiscal year 2008/2009.
In keeping with tradition, CeoTronics expects to issue its revenue and
earnings forecasts for fiscal year 2008/2009 in January 2009, at the time
of publication of its interim results for the first half of the year. By
then we should also have suitably reliable information on economic trends
in our target markets,' said Thomas. H. Günther, Chairman of the Board of
Management.
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) 6074/8751-720
E-mail: chairman@ceotronics.com, Internet: http://www.ceotronics.com
DGAP 14.08.2008
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Language: English
Issuer: CeoTronics AG
Adam-Opel-Straße 6
63322 Rödermark
Deutschland
Phone: +49 (0)6074 8751-724
Fax: +49 (0)6074 8751-720
E-mail: investor.relations@ceotronics.com
Internet: www.ceotronics.com
ISIN: DE0005407407
WKN: 540740
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: CeoTronics AG: Consolidated annual earnings figures (IFRSs) as of May 31, 2008 / Figures for Q4 2007/2008 / Proposed dividend payment
| Source: EQS Group AG