CeoTronics (CEK) H2 24/25 earnings summary

Executive summary

• Achieved record results in 2024/2025, with revenue up 88.3% to €55.8M, EBIT up 209.9% to €7.8M, and net income up 279.1% to €4.7M compared to the previous year.

• Surpassed raised forecasts and expectations, driven by strong demand from security, defense, and emergency services sectors.

• Marked the 40th anniversary with a modernized brand and digital presence.

Financial highlights

• Revenue increased to €55.8M (up 88.3% year-over-year); EBIT margin rose to 14.0% from 8.5%.

• Net income after taxes reached €4.7M (up 279.1% year-over-year); EPS at €0.60 (prior year: €0.18).

• EBITDA rose to €9.4M (prior year: €3.9M); gross margin at 40.9% (prior year: 46.7%).

• Equity ratio improved to 66.5% (prior year: 45.4%).

• Cash flow from operations at €14.8M (prior year: -€12.1M); cash position at €4.7M.

Outlook and guidance

• Forecasts revenue of ~€56M and net income of ~€5.3M for 2025/2026, with an expected net margin of 9.5%.

• High order backlog (€60.1M) and ongoing large projects support a positive outlook.

• Anticipates continued growth from increased security investments in Europe and a potential industrial recovery in Germany.