Spass Bremse

CEOTRONICS $CEK at the Enforce Tac 2026 from Feb 23 to 25 ceotronics.com/en/ceotronics-… ceotronics.com/ceotronics-auf…

@FrehrInvest CEOTRONICS $CEK: Invisio signs a framework agreement with Military of the Netherlands in Oct 2025 - was this an invitation to tender or a request for proposal? DId CEOTRONICS participate in this tender, maybe together with Rheinmetall? If not, why?

Next week I’ll be meeting several companies 1-on-1 with their CEOs: • Shelly Group $SLYG • Ceotronics $CEK • Steyr Motors $STEYR • JDC Group $JDC • Yoc $YOC If you have any questions for the companies, drop them below — I’ll ask the CEOs directly. Fire away.

@FrehrInvest CEOTRONICS $CEK: Is the consolidated sales €45.6m as of January 16 correct, which disappears in the company presentation updated on Jan 29?

CEOTRONICS $CEK updated company presentation today, now with new BankM buy-rating €19.10 ceotronics.com/wp-content/upl… ceotronics.com/wp-content/upl… (small error in German version on page 4 with the date of new BankM rating)

CEOTRONICS $CEK updated company presentation, now without sales figures as of Jan 16 on page 13 ceotronics.com/wp-content/upl… ceotronics.com/wp-content/upl… But a new update may come soon with new BankM buy-rating €19.10

CEOTRONICS $CEK updated company presentation as of Jan 23 with half year income figures as of Nov 30 and order figures as of Jan 16 on page 13. ceotronics.com/wp-content/upl… Very interesting: the consolidated sales €45.6m as of January 16 is not mentioned in the corporate news !!!

Bundeswehr already increased the framework contracts for the assault rifle (from about 119k to 250k) and for personal clothing and protective equipment (to 460k). I think an increase of the SmG contract (CEOTRONICS) may follow hartpunkt.de/system-sturmge… hartpunkt.de/faser-21-milli…

@aquaaqua78636 @R2Discovery Beside the min. 13.5m framework agreement with an „EU customer“ there are also many smaller orders from outside Germany (EU, NATO): ceotronics.com/en/orders-rece… ceotronics.com/en/european-cu… ceotronics.com/en/corporate-n… ceotronics.com/en/corporate-n… ceotronics.com/en/corporate-n…

@R2Discovery But why should ceotronics be affected by the US? The US uses Invisio. So far Ceotronics haven't made any deals outside Germany? I do own Ceotronics but they are not comparable to Invisio

European defence stocks are hitting all-time highs and are back on the front pages of financial media. Most coverage focuses on the usual macro plays (they react immidiately), with everyone repeating the same bullish takes on $RHM. My goal is different: to highlight undiscovered, below-the-radar names with real growth, strong defence tech/products, and serious entrepreneurs and management teams behind them. Cheap and with low expectations too. This environment should now strongly support valuations for Ceotronics $CEK, especially after results at the end of January (sales +61% y/y → EBIT up multiple times y/y) from a still discounted 10x EBITDA level. Same for 4C Group, announcing Q4 in February (seasonally strongest quarter, backlog conversion, and likely cash release from contract assets). Trading at 6x EBIT 2026... Both could surprise at any time with new deals. Why? Ceotronics delivered its most important German contract call-off with upgraded volume in December. I expect other European militaries to follow. 4C already announced 4 new contracts pre-Christmas. With the holiday slowdown over, more news should come sooner rather than later. With all that spending training and capability management software is a major efficiency driver...

CEOTRONICS Company Presentation updated (Montega price target on page 4): ceotronics.com/wp-content/upl… ceotronics.com/wp-content/upl…

@FattyLambert_ I see only the new BankM price target (page 4) and the ordered 3rd SmG lot (page 7).

@SpassB What was the update?

CEOTRONICS Company Presentation updated today: ceotronics.com/wp-content/upl… ceotronics.com/wp-content/upl…

CEOTRONICS Company Presentation updated yesterday: ceotronics.com/wp-content/upl… Interesting on last page „Our vision65“: „ …could lead to a significant increase in the demand for speech sets with hearing protection from 191,000 to approximately 260,000 to approximately 460,000. …“

@l_m_s15 @DachsLLM Der korrigierte HJ-Auftragseingang entspricht ca. dem halben Jahresumsatz vor dem SmG-Rahmenvertrag. Das macht Sinn, das „Grundrauschen“ im kleinteiligen Umsatz läuft weiter, und die großvolumigen Umsätze aus der Verteidigung und ggf. zukünftig auch von der Polizei kommen on top

@DachsLLM Stimmt. -33% bleibt aber.

7 Mio. &#€ Auftragseingang in 6 Monaten ist schon sehr dünn. CEOTRONICS AG: Umsatz- und Auftragsbestandsentwicklung zum Ende des Geschäftshalbjahres 2025/2026 (30. November 2025) eqs-news.com/news/corporate…

@DoktorandInvest @bankrutt @FattyLambert_ @spelbolagstorsk I attended the shareholders’ meeting. You may find a report from this meeting here: gsc-research.de

@SpassB @bankrutt @FattyLambert_ @spelbolagstorsk Vad är källan till det här? Ser inte det på deras IR-sida

ceotronics.com/auftragseingae… Lite order har trillat in till Ceotronics under hösten iallafall. $CEK

@DoktorandInvest @bankrutt @FattyLambert_ @spelbolagstorsk During the shareholders’ meeting on November 7, the CEO of CEOTRONICS AG said that the third batch of this Bundeswehr contract will not be awarded before the end of 2025, and that it will be a larger batch.

@bankrutt @FattyLambert_ @spelbolagstorsk Kan vara så att ordern bara är fördröjd till december. Min hypotes till sell-off: orderingång och backlog ser svaga ut yoy. Och ordvalen i gårdagens PM med: ”optimistiska” över att nå guidance får mig att tro att TU nästa vecka inte ser särskilt stark ut vid första anblick.

CEOTRONICS $CEK today just now in Munich at 40th MKK capital markets days mkk-konferenz.de/wp-content/upl…

CEOTRONICS $CEK at the Milipol Paris 2025 from 18 to 21 November World premiere: CT-VoiceControl® ceotronics.com/en/ceotronics-…

@philip_1891 @R2Discovery … probably would be another 60,000 SmG with around 43m for CEOTRONICS plus some add on orders as in 2024

@philip_1891 @R2Discovery The first and second call off from the framework contract with Rheinmetall (each call off 30,000 SmG) had a value of around 140m: rheinmetall.com/en/media/news-… For CEOTRONICS it was 43m: ceotronics.com/16-04-2024-ad-… So this SmG 2026 call off in the table worth a „Finanzbedarf“ of 139.86

In a Politico article there’s a list from the German budget committee. On 10 September 2025 it shows €139.86 million for “Sprechsatz mit Gehörschutz 2026 (SmG)” which is the Ceotronics $CEK and Rheinmetall $RHM contract marked as "Critical". Just saying, and I’m still surprised by $CEK’s market capitalization. Thank you @gezzogero for sharing this.

@R2Discovery Looks like „critical“ means that „Angebotsfristende“ is already over on date of „HHA Sitzung“ … so maybe Rheinmetall, 3M and CEOTRONICS can increase the price?