CEOTRONICS has already delivered what investors pay a premium for elsewhere in defence: 23% historical sales CAGR and a 21% EBITDA margin, close to INVISIO's 22%. SmG-related orders of c. €103m have turned a longstanding Bundeswehr relationship into business at scale. CT-ComLink helps protect that position: software updates let users retain their control units as radios and headsets evolve. Backlog of € 77.6m covers 1.4x annual sales, the strongest coverage among its direct peers. The next stage of growth comes at a substantial valuation discount.
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