CeoTronics AG Audio Video Data Communication recorded consolidated revenues of €18,815 thousand for fiscal year 2008/2009 (the second-highest figure in the group’s history). This represents a decline of 11.7 percent on the previous year’s record revenues.
EBITDA fell by €774 thousand (-23.4 percent) compared with the prior-year period, from €3,307 thousand to €2,533 thousand. EBIT decreased by €780 thousand (-28.0 percent), from €2,786 thousand to €2,006 thousand. In line with this, the EBIT margin declined from 13.1 percent to 10.7 percent.
Profit for the year before tax fell by €762 thousand (-28.6 percent), from €2,668 thousand to €1,906 thousand. Consolidated profit for fiscal year 2008/2009 after tax amounted to €1,279 thousand, down 30.3 percent as against the previous year (€1,835 thousand). As a result, earnings per share decreased by €0.09 from €0.28 to €0.19. Consolidated equity as of May 31, 2009 amounted to €13,144 thousand (+1.4 percent), while the equity ratio was 72.5 percent (previous year: 64.8 percent). Gross cash flow for the period under review was down by €550 thousand (-23.4 percent) compared with the record prior-year figure, from €2,356 thousand to €1,806 thousand. The consolidated order backlog as of the reporting date fell by 63.7 percent as against the extremely high prior-year level to €2,234 thousand.
The number of employees (including trainees) as of May 31, 2009 was 155 (previous year: 150).
At its meeting on Aug. 14, 2009, the Supervisory Board concurred with the Board of Management’s proposal to the General Meeting that a dividend of €0.10 per share (previous year: €0.15) be paid from the parent company’s net retained profit of €2,679,705.04.
The remainder will be carried forward to fiscal year 2009/2010 in order to
- further strengthen the Group’s self-financing ability (especially in view of the economic and financial crisis),
- increase its flexibility of action with respect to opening up new markets, and
- develop new products.
In comparison with Q4 2007/2008, Q4 2008/2009 (March 1 to May 31, 2009) saw a decline in consolidated revenues of €1,754 thousand (-27.3 percent), from €6,429 thousand to €4,675 thousand and a decrease in EBIT of €544 thousand (-56.8 percent), from €957 thousand to €413 thousand. Profit for the quarter was down by €564 thousand (-86.2 percent) year-on-year, from €654 thousand to €90 thousand.
Quarterly earnings per share therefore fell to €0.01 (previous year: €0.10). Gross cash flow amounted to €225 thousand in the fourth quarter, after €785 thousand in the previous year.