CeoTronics (CEK) Company presentation summary

Mission and business overview

• Develops specialized communication systems for secure use in adverse environments, serving police, fire, rescue, defense, and industrial sectors.

• Solutions are critical for operations in noisy settings, with protective gear, or multiple communication channels.

• Founded in 1985, headquartered near Frankfurt, with international subsidiaries and a strong sales presence in the EU, Norway, Switzerland, and the USA.

• Products are 100% developed, manufactured, and tested in Germany, with 94% German content and 96.1% European content.

Financial performance and growth

• Revenue grew from €16.9M in 2018/19 to approximately €56.3M in 2025/26, an 88.3% increase.

• EBITDA rose from €1.1M in 2018/19 to €9.4M in 2024/25 (+141.8%), and EBIT from €0.6M to €7.8M (+209.9%).

• Profit after tax forecasted at €4.7M for 2024/25, up 279.1% since 2018/19.

• Order backlog reached approximately €78.2M in 2025/26, up 30.3% from the previous year.

• Revenue per employee increased by 80% since 2018/19, reaching about €399K in 2025/26.

Strategic contracts and market drivers

• Secured the largest framework agreement in company history with the German Armed Forces in April 2024.

• Bundeswehr to equip up to 191,000 soldiers with CT-MultiPTTs by 2030, with €100M sales volume expected from 2024/25 to 2027/28.

• Guaranteed purchase volumes for 2024 and 2025 fully delivered and invoiced; additional 50,000 systems ordered for 2026.

• Industry expects sustained investment growth due to increased defense budgets and new procurement laws.

• EU's "ReArm Europe" plan to boost defense capabilities with up to €800B, supporting further demand.