CeoTronics AG

CeoTronics AG

8.99
EUR
-0.01
(-0.11%)
81.40MMarket Cap
Jan 22Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2.64
2.71
2.61
2.98
2.5
2.66
3.75
4.05
4.42
4.56
4.26
7.02
7.06
- -
Basic EPS, GAAP
-0.11
0.08
-0.09
0.19
-0.03
-0.05
0.25
0.32
0.38
0.38
0.18
0.6
0.7
- -
Free Cash Flow per Basic Share
-0.08
-0.19
0.12
0.09
-0.22
-0.08
- -
0.35
-0.04
0.5
-1.96
1.59
0.62
- -
Dividend per Share
- -
- -
- -
- -
0.05
- -
- -
- -
0.12
0.15
0.14
0.14
0.2
- -
Book Value per Share
1.65
1.67
1.53
1.7
1.63
1.57
1.81
2.16
2.38
2.61
2.74
3.55
4.06
4.06
Tangible Book Value per Share
1.4
1.39
1.07
1.3
1.09
0.84
0.97
1.29
1.54
1.81
2.02
3.03
3.78
3.78
Basic Weighted Avg Shares
7
7
7
7
7
6
7
7
7
7
7
8
8
8
Sales/Revenue/Turnover
17
18
18
20
18
17
24
27
29
30
30
56
56
- -
Operating Margin (%)
-1.67
-0.53
-3.74
6.93
-2.37
3.29
10.5
13.26
12.35
13.03
8.88
15.25
14.6
- -
Depreciation Expense
1
1
1
1
1
1
1
1
1
1
1
2
4
- -
Net Income, GAAP
-1
1
-1
1
- -
- -
2
2
3
3
1
5
6
- -
Effective Tax Rate (%)
- -
- -
- -
4.86
- -
176.08
27.67
31.14
27.26
30.02
35.23
31.67
30.16
- -
Profit Margin (%)
-4.13
2.84
-3.45
6.38
-1.2
-1.88
6.67
7.9
8.6
8.41
4.22
8.49
9.93
- -
Working Capital
7
6
6
6
4
3
4
8
14
14
28
28
30
30
LT Debt
3
3
3
3
3
2
2
4
7
6
18
7
7
7
Total Equity
11
11
10
11
11
10
12
14
16
17
20
28
32
32
Return on Invested Capital (%)
- -
- -
- -
8.43
- -
-2.51
9.29
11.93
10.98
10.67
5.39
14.53
15.32
- -
Return on Capital (%)
- -
- -
- -
8.81
- -
-2.56
9.45
11.11
11.15
10.73
5.27
14.5
15.44
- -
Return on Common Equity (%)
-6.43
4.64
-5.71
11.76
-1.93
-3.01
14.65
16
16.72
15.35
6.73
19.64
18.4
- -

Capital Structure

EUR

•

in mil. unless spec.
May'25
Nov'26
May'26
ST Debt
- -
- -
- -
LT Borrowings
7
3
7
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
117
110
81

Working Capital

EUR

•

in mil. unless spec.
May'25
Nov'26
May'26
Total Current Assets
30
32
32
Cash, Cash Equivalents & STI
5
6
8
Accounts Receivable, Net
5
8
5
Inventories
19
18
19
Total Current Liabilities
2
3
2
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.01%
18.43%
14.34%
Free Cash Flow
-1,121.06%
-455.61%
-61.18%
Net Income, GAAP
-69.34%
53.38%
18.02%
Sales/Revenue/Turnover
15.17%
20.14%
0.96%
Total Cash Common Dividend
- -
- -
46.56%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
30
2025
- -
- -
56
2026
- -
- -
56

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.18
2025
- -
- -
0.6
2026
- -
- -
0.7

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.14
2025
- -
- -
0.14
2026
- -
- -
0.2

Company Description

CEO
Thomas H. Günther
Full Time Employees
147
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Adam-Opel-Strasse 6 Rodermark HE Germany 63322
IPO Date
Nov 9, 1998
Business
CeoTronics AG specializes in the development, manufacture, and distribution of professional communication solutions, including wired and wireless communication headsets, microphones, audio/video and multimedia headsets, helmet communication products, and data transmission systems designed for use in critical and demanding environments. Its product portfolio features CT-DECT systems, CT-Bluetooth adapters, CT MultiPTT Bluetooth, audio accessories for radios, wired systems, ATEX-certified solutions for hazardous environments, and integrated communication systems targeting sectors such as military, emergency services, police, airports, and industrial customers. The company leverages its proprietary CT-ComLink® technology to ensure interoperability and future-proof communication solutions across different hardware components. CeoTronics primarily operates in Germany but also serves markets across Europe including France, Belgium, Luxembourg, Switzerland, Austria, Spain, Poland, Northern Europe, Baltic States as well as North America, including Mexico and the United States. Founded in 1985, the company is headquartered in Rödermark, Germany. Recent developments include a record half-year revenue of approximately €34.2 million in the first half of the 2025/26 fiscal year, representing a 61.5% increase year-on-year, driven by strong market demand and an optimistic outlook supported by rising German defense spending. The company is actively engaged in fulfilling large-scale contracts, including significant deliveries related to the SmG project, although order intake decreased in the period due to the timing of new contract approvals. CeoTronics has confirmed its strategic focus on equipping the German Armed Forces with its CT MultiPTT systems, planning to outfit 190,000 soldiers by 2030, indicating a long-term growth pathway tied to defense and security sector investments. The company has achieved high production reliability through a strong domestic value chain and professional supply management to mitigate procurement risks. CeoTronics continues to forecast strong sales growth prospects supported by governmental security investments in Germany and the EU. CeoTronics AG is listed on multiple German stock exchanges under the ticker CEK.DE and maintains a business strategy centered on innovation, quality, and robust market positioning within its specialized communications niche. The company remains well positioned in its core markets with a continued emphasis on expanding operational efficacy and sustaining leadership in professional tactical communication systems. Recent operational focus includes scaling production capabilities and ensuring delivery reliability for major defense and public safety contracts, reinforcing its role as a key supplier within the European security ecosystem.