CeoTronics AG

ots Ad hoc-Service: CeoTronics AG Over 70 per cent increase of net sales in the quarter

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    Rödermark (ots Ad hoc-Service) -

    Over 70 per cent increase of net sales in the quarter / over 7.5 per cent increase of net sales in the first half year compared to previous years period / over 110 per cent rise in orders

    The sales of the second quarter (as of November 30, 2000) of CeoTronics AG, which is listed on Frankfurts "Neuer Markt", are predicted to amount to 3.6 Mio. Euro. CeoTronics is able to increase its sales by over 70 per cent in comparison to the previous quarter. Compared to the first half of the business year 1999/2000, CeoTronics is expecting a 7.5 per cent growth in consolidated sales (according to US-GAAP), which will amount to approximately 5.7 Mio. Euro.

    According to CeoTronics Senior Executives, an increase of orders (as of November 30, 2000) by over 110 per cent compared to the previous years period is a basis for a successful second half of the business year.

    The high number of orders was influenced by the strategy of the company. Due to this strategy, CeoTronics wanted to strengthen the internal growth after the IPO dated November 1998, e.g. extending the R & D and sales department. CeoTronics will increase the production capacity by approximately 30 per cent at 4 production sites.

    CeoTronics Senior Executives are confident that the goals for the running business year (ending May 31, 2001) will be met.

    The complete report of the first half of the business year will be available by January 22, 2001 on our homepage

    Für weitere Informationen / Further information:

    CeoTronics AG Audio Video Data Communication Investor Relations Adam-Opel-Str. 6

    D-63322 Rödermark

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