Ad hoc-announcement. The sender is solely
responsible for the contents of this announcement.
Rödermark (ots Ad hoc-Service) - The sales of the third quarter
(as of February 28, 2001) of CeoTronics AG, which is listed on
Frankfurts Neuer Markt (WKN 540 740), will prospectively amount to
3.9 Mio. Euro. CeoTronics is able to increase its sales by approx. 6
per cent compared to the previous quarter. The sales rose presumably
by 14.9 per cent in comparison of last years 9-months-period and the
consolidated sales (according to US-GAAP) presumably amount to
approx. 9.7 Mio. Euro.
The order backlog as of February 28, 2001 rose by 16.5 per cent
compared to the same period last year.
The number of the employees in the Group as of February 28, 2001
increased by 19.2 per cent to 149 compared to last year (125).
Probably, the loss in Group will be approx. 1.33 Mio. Euro after 9
months as per February 28, 2001.
The complete report of the 9-months-report will be available as
from April 20, 2001 on our homepage www.ceotronics.com
To the end of the business year 00/01 (as of May 31, 2001) the
Board of Management revaluates the forecasts for the
CeoTronics-Group: The sales are predicted to amount to approx. 13.3
Mio. Euro and the loss is estimate to amount to 1.8 Mio. Euro
(compared to 0.29 Mio. Euro profit).
For the business year 01/02 and 02/03 the forecasts are
revaluated: The Board of Management is assuming that the sales will
amount to approx. 15 Mio. Euro and the earnings per share amount to
0.04 Euro. For 02/03 sales are predicted to amount to approx. 17 Mio.
Euro and earnings per share are predicted to amount to 0.67 Euro.
Issuer's information/explanation remarks concerning this ad hoc
Reasons for not reaching the sales goals as of February 28, 2001
are among other things the postponed bulk orders from airlines, the
postponed series production on the part of the customers of
communication systems for fast-food-chains and the delay in delivery
of the phone headsets. As a result of the before mentioned the
missing contribution margin, higher expenses for components, margin
loss by bulk orders, building up production capacity under difficult
circumstances, single effects because of valuation adjustment in the
USA, higher marketing expenses for the introduction of new products
and the increase in F&E investments are responsible for the losses as
of February 28, 2001
Even if the bulk orders, which are recently in prospect, could be
placed within a short-term, they cannot be invoiced by May 31, 2001.
Initiated reorganisation measures are not significant in the next 2
months until May 31, 2001. Due to the new expectance, the Board of
Management revaluated the forecasts as of May, 31, 2001, explained
the Chairman Hans-Dieter Günther.
Based on the changed forecasts of important customers (e.g.
airlines, cell phone industry), budget shortage of the authorities
and the notes of international competitors, CeoTronics slowed down
its growth. For the next business years, the Board of Management
assumes a growth of 14 and 12 per cent. Should the always announced
bulk orders be placed, a positive revaluation will follow.
The Board of Management has temporary stretched the plans for the
external growth within the scope of strategy change and restructures
plans regarding investments. CeoTronics has the goal to find back to
its old strength in profit so that the distribution of dividends are
The Vice-President Finance, Bernd Weinel, expects based on the
current share price of CeoTronics shares that the bad news of the
telecommunication industry is considered. Others explanation cannot
be thought for the decrease from 22.- Euro to 12.30 Euro. CeoTronics
Further information: CeoTronics AG Audio Video Data Communication
Hans-Dieter Günther Adam-Opel-Straße 6, 63322 Rödermark, Germany
Phone: +49(0)6074/8751-722, Fax: +49(0)6074/8751-720, E-Mail:
, Internet: http://www.ceotronics.com
WKN: 540740; Index: Listed: Neuer Markt Frankfurt Freiverkehr in
Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
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