CeoTronics AG

ots Ad hoc-Service: CeoTronics AG Consolidated financial statements as of May 31, 2000. Net US GAAP sales up 21.3%

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    Rödermark (ots Ad hoc-Service) - Neuer Markt-listed CeoTronics generated a consolidated increase in net sales (US GAAP) of 21.3% to EURO 11,947,391.00 in fiscal year 1999/2000. Sales in the individual segments grew by up to 367.5% (wireless video transmission). Expectations were exceeded despite announced large orders from the US and France could not be settled as of May 31, 2000. It is worth noting that sales in the "Europe excluding Germany" region increased by 34%. Investments made in the organic growth of the Group after the IPO, such as the recruitment of new sales representatives, had positive effects here. The cost of sales rose by 6.2%, mainly due to the increased dollar exchange rate and the strong rise in the price of electronic components. The positive effects (tax refunds, reversal of accrued liabilities, interest received) of the successfully concluded tax negotiations were offset by planned start-up losses from the formation of CT-Video GmbH and recent losses incurred in the US and in France (due, among other things, to the integration of A&C Sarl, acquired in 3/99). Consolidated DVFA earnings for the CeoTronics Group for fiscal year 1999/2000 (US GAAP) amounted to EURO -186,273.00. The Managing Board regrets this slightly negative result and points to periodic lags (costs in fiscal year 1999/2000, earnings in subsequent years), the costs of boosting organic growth as an investment in the future and one-off special effects as reasons for this. The Managing Board is confident of generating continued stable growth and a positive result for the year on the basis of orders received in the first months of fiscal year 2000/2001 (since June 1), order confirmations, marketing activities for new products and highly-promising negotiations on alliances and acquisitions.

    Further information: CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Str. 6 63322 Rödermark Germany

    Tel: +49-(0)6074-8751-724 Fax: +49-(0)6074-8751-725 E-mail: Internet:

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