CeoTronics AG

ots Ad hoc-Service: CeoTronics AG CeoTronics AG Halbjahresergebnisse

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    Rödermarkt (ots Ad hoc-Service) -      

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    Consolidated Interim Report for the first two quarters

    Increase in Net Sales / Minus Result / Large Order Backlog / Investments pay off

    Consolidated sales (according to US-GAAP) of the first half of the business year 2000/2001 (as of November 30, 2000) of the CeoTronics AG Audio Video Data Communication, which is listed on Frankfurts Neuer Markt (WKN 540 740), rose by 9.25 per cent to 5,812 TEuro. Compared to the first quarter of the current business year, CeoTronics was able to increase its sales by 74.8 per cent. The increase in sales of the second quarter compared to the second quarter of the previous year was 30.8 per cent.

    The high number of incoming orders in the first and second quarter of the current business year is reflected in the approximately 100 per cent higher order backlog as of November 30, 2000.

    The net income (DVFA) of the first six months of the current business year amounts to -1,097 TEuro. Earnings per share according to DVFA / SG are -1.12 Euro.

    Traditionally, the first half of the business year (ending May 31) is lower than the second half. This years minus result is charged among others by prearrangement expenses for the bulk orders of the French Authorities, which are presently in progress. Higher purchase prices based on the shortage of electronic components, integration expenses after the acquisition of the Audio Division of DTC (USA), expenses for setting-up new production capacities and investments for research & development are circumstances, which are additionally among others responsible for the losses in the first half of the business year.

    Based on the high order backlog and the continuing increasing orders, the Board of Management feels optimistic to be able to achieve the goals set by May 31, 2001.

    The complete report of the first half of the business year is available on our homepage     Weitere Informationen / 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: Internet:

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