CeoTronics (CEK) Company Presentation summary

Business overview and mission

• Specializes in secure, highly specialized communication systems for critical environments such as police, fire, rescue, defense, and industry.

• Founded in 1985, headquartered in Rödermark near Frankfurt am Main, with 143 employees and three subsidiaries.

• Products are developed and manufactured entirely in Germany, with 94% German content and 96.1% European content.

• International sales focus on the EU, Norway, Switzerland, and the USA, with branches in Spain and the USA.

Financial performance and outlook

• Fiscal year 2024/25 saw group turnover of €55.8 million (+88.3%) and profit after tax of €4.7 million (+279.1%).

• EBITDA rose to €9.4 million (+141.8%) and EBIT to €7.8 million (+209.9%) in 2024/25.

• Order backlog as of November 2024 was €60.1 million, with a projected decrease to €39.6 million in 2025/26.

• Revenue and earnings targets for 2025/26 confirmed, with a positive market environment supporting a medium-term revenue target of €65 million.

Strategic contracts and market drivers

• Secured the largest framework agreement in company history with the German Armed Forces to supply up to 191,000 CT-MultiPTTs by 2030.

• Guaranteed purchase volume from 2024 and 2025 lots totals 60,000 units, fully delivered and invoiced by December 2025.

• Third lot for 2026, potentially 50,000 systems, approved by the Bundestag's budget committee.

• Defense spending in Germany expected to rise, with new NATO and EU initiatives supporting increased demand for communication and protective equipment.