21.06.2016
UET United Electronic Technology AG DE000A0LBKW6
DGAP-News: UET United Electronic Technology AG releases financial figures for operating business for the first quarter 2016
UET United Electronic Technology AG / Key word(s): Quarter Results/Miscellaneous
21.06.2016 15:00
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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- Consolidated revenues amounted to 17.679 mn EUR
- Revenue growth of 2.206 mn EUR or +14 % respectively
- Business areas SYSTEMS and MANUFACTURING with positive EBITDA
- Improved results in the area SERVICE
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
releases selected financial figures for the operating business units
SYSTEMS, MANUFACTURING and SERVICE for the first quarter of 2016, from
January 1st 2016 to March 31st 2016.
In the period from January to March of the fiscal year 2016, the operating
companies and business units in the core business of the UET Group
generated consolidated revenues of 17.679 mn EUR. This equates to an
increase of 2.206 mn EUR or 14 % compared to the previous year. ALBIS
Technologies AG, Zürich, a company that was first consolidated in March
2015, contributed to this result.
The business units SYSTEMS and MANUFACTURING generated positive earnings
before interest, taxes, depreciation and amortization (EBITDA).
Furthermore, the business unit SERVICE improved its operating result
compared to the previous year.
The following transaction values were presented based on the
Bilanzrichtlinie-Umsetzungsgesetz (BilRUG).
Excluding consolidation effects, the financial figures are presented as
follows:
The business unit SYSTEMS generated quarterly revenues of 15.725 mn EUR
(previous year 12.088 mn EUR), which equates to a growth of 30 %.
With a positive operating result for the business unit and improvement
compared to end 2015, the EBITDA was 0.157 mn EUR (previous year 0.607 mn
EUR). The EBIT amounted to -0.367 mn EUR (previous year 0.242 mn EUR).
After reducing the expenses for research and development, which was
accompanied by a downsizing in personnel, the focus is now on international
market development. In addition to that, new business models are refined
and their integration will be continued. Overall, the market environment
remains challenging in the short-term, but medium to long-term plans are
growth and increase in profits.
The business unit MANUFACTURING posted revenues of altogether 4.025 mn EUR
and was hence 18 % below the same quarter of the previous year.
The EBITDA amounted to 0.031 mn EUR (previous year 0.223 mn EUR) and the
EBIT to 0.009 mn EUR, which therefore decreased by 0.191 mn EUR compared to
the previous year's period.
Due to ongoing optimization an increase in profits is planned for the
business unit MANUFACTURING in quarter two.
The business unit SERVICE registered revenues worth 0.375 mn EUR in the
first quarter 2016 and hence remained slightly below the previous year's
level (0.400 mn EUR). The operating result could be increased. Even though
EBITDA as well as EBIT were negative with -0.013 mn EUR and -0.014 mn EUR,
they improved by each 0.070 mn EUR compared to the previous year.
For the second quarter we expect a positive profit contribution.
The reported financial figures do not include a consolidation of the UET
holding companies.
The new UET website was completed in early June and can now be accessed via
www.uet-group.com. Financial statements as well as appointments and dates
will be provided in the section Investor Relations, as usual.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Sebastian Schubert
Tel: + 49 (0) 6196 777755-0
E-Mail: [email protected]
21.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: UET United Electronic Technology AG
Frankfurter Straße 80-82
65760 Eschborn
Germany
Phone: +49 (0)6196-7777550
Fax: +49 (0)6196-7777559
E-mail: [email protected]
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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