Consolidated revenues of 16.665 mn EUR
EBITDA for the group positive with 0.691 mn EUR
Group earnings of -1.454 mn EUR
Continuation of the long-term investment and development plan despite the impairments and restrictions caused by the new coronavirus
Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides their consolidated financial figures for the first half of the fiscal year from January 1st to June 30th 2020.
UET Group generated consolidated revenues of 16.665 mn EUR in the first half of the fiscal year 2020. Compared with the previous year, this represents a decline of 1.244 mn EUR or 7 %.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) were positive and amounted to 0.691 mn EUR (first half of 2019: 0.291 mn EUR).
EBIT (earnings before interest and taxes) amounted to -0.696 mn EUR (first half of 2019: -0.990 mn EUR).
The consolidated result of the first half of the fiscal year 2020 was -1.454 mn EUR. In the same period of the previous year consolidated net income amounted to -1.544 mn EUR.
On June 30th 2020, the cash funds of the UET Group amounted to 1.135 mn EUR.
The equity of the UET Group amounted to 4.136 mn EUR as of 30 June 2020.
The global spread of the new coronavirus and the associated containment measures lead to restrictions in operation and thus to demand, but also to a slowdown in installation and network expansion. This also changes the business development of the UET Group. A decline in sales and earnings as well as short-term changes in market conditions, ordering and call-off behavior are expected until mid of 2021.
In order to be able to better benefit from the existing and emerging long-term market opportunities which are arising, among others, from the expansion of mobile networks, increasing bandwidth demand, higher security and redundancy requirements, as well as possible effects of international trade conflicts, the investments in the development of products and markets will be continued and even accelerated in selected areas, such as gigabit systems for mobile networks. Those investments will affect the result. In the long term, however, it is part of the sustainable growth plan.
More financial data and general information can be found in the full report for the first half of the fiscal year 2020 (German version only), which will be available for download on October 1st 2020 on the company website (http://www.uet-group.com) under Investor Relations/ Financial Reports.
Contact:
UET United Electronic Technology AG
Frankfurter Stra e 80-82
D-65760 Eschborn
Investor Relations
Sebastian Schubert
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
More from Albis
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces th...
02/12/2024
EBITDA for the group with 1.989 mn EUR positive
Revenues for core business acti...
02/12/2024
EBITDA for the group with 1.207 mn EUR positive
Consolidated revenues for core ...
02/12/2024
Bearer debenture in the nominal amount of 5.4 mn EUR acquired and restructured by new investor
Current bearer debenture payables reduced by 4.3mn EUR
UET Unit...
02/12/2024
Enhancement of competitiveness
Further development of UET's business unit M...
02/12/2024
Auditors issued unqualified audit opinion
EBITDA for the group with 1.989 mn EU...
02/12/2024
UET United Electronic Technology AG's (ISIN: DE000A0LBKW6), Eschborn names new member of the Supervisory Board.
Mr. Clemens Reif has resigned as a member o...
02/12/2024
Consolidated Revenues of 45.331 mn EUR
Group EBITDA with 4.677 mn EUR positive
...
02/12/2024
Consolidated Revenues grew by 6% to 11.578 mn EUR
EBIT improves by 0.386 mn EU...
02/12/2024
Consolidated Revenues grew by 1.1 mn EUR to 12.403 mn EUR
All operating units i...
02/12/2024
Growth and increase in profit compared to the previous year
Consolidated revenu...
02/12/2024
Consolidated revenues grew by 1.671 mn EUR to 13.032 mn EUR
Increase in profit...
02/12/2024
Investments of approx. 2 mn EUR in Germany
Increase of production volume of app...
02/12/2024
Registered share capital increased to EUR 9,447,590.00
1,000,000 new shares iss...
02/12/2024
Consolidated revenues amounted to 17.283 mn EUR
Revenue growth 4.880 mn EUR re...
02/12/2024
Consolidated revenues of EUR 32.629 mn
EBITDA for the group with EUR 1.921 mn ...
02/12/2024
Consolidated revenues amounted to 16.629 mn EUR
Revenue growth 3.596 mn EUR re...
02/12/2024
Revenues grow by 31.7 % to 63.803 mn EUR
EBITDA amounts to -1.728 mn EUR, EBIT...
02/12/2024
Consolidated revenues amounted to 17.679 mn EUR
Revenue growth of 2.206 mn EUR...
02/12/2024
Consolidated revenues amounted to 16.065 mn EUR
Decrease in turnover of -1.218 ...
02/12/2024
Consolidated revenues of 33.617 mn EUR
EBITDA for the group positive with 0.2...
02/12/2024
Capital Increase of 3.0 mn EUR against contributions in kind
Reduction of liab...
02/12/2024
Sale of substantial assets of Letron Electronic
Letter of Intent for the acquis...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces th...
02/12/2024
Revenues of 60.611mn EUR
EBITDA amounts to 5.483 mn EUR, EBIT 3.132 mn EUR
Ca...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, albis-elcon ...
02/12/2024
Consolidated revenues of 27.528 mn EUR
EBITDA for the group positive with 1.281...
02/12/2024
Financial Statement 2016 UET AG/ UET consolidated finalized and audited
Annual ...
02/12/2024
Focus on business areas SYSTEMS, SERVICE and ENGINEERING
Positive extraordinary...
02/12/2024
Nominal Capital Increase of EUR 3.0 million
Takeover of existing operating comp...
02/12/2024
Consolidated revenues of 47.635 mn EUR
EBITDA amounts to 1.784 mn EUR
Cash flo...
02/12/2024
Consolidated revenues of 21.303 mn EUR
EBITDA for the group positive with 3.87...
02/12/2024
Further investments in the Mexican market
New larger office in Mexico City
UET...
02/12/2024
Financing Facility of EUR 12,500,000.00 debt for future growth
Repurchase of th...
02/12/2024
Consolidated revenues of 39.026 mn EUR
EBITDA amounts to 6.522 mn EUR
Earning...
02/12/2024
Merger of non-operating SPV's
Reduction of Complexity and Costs
UET United...
02/12/2024
Consolidated revenues of 17.908 mn EUR
EBITDA for the group positive with 0.29...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces to...
02/12/2024
Forecast growth potentially lower than expected
Production guaranteed at own lo...
02/12/2024
The Sars-CoV-2 virus is spreading and effecting people and business processes all over the world.
We at UET Group are providing Hardware, Software and Services...
02/12/2024
The UET Group announces for the SYSTEMS business area under the brand albis-elcon the opening of new offices in Mexico in the cities of Hermosillo, Merida and M...
02/12/2024
Consolidated revenues of 46.454 mn EUR
EBITDA amounts to 6.223 mn EUR
Earning...
02/12/2024
Consolidated revenues of 16.665 mn EUR
EBITDA for the group positive with 0.691...
02/12/2024
Issue of Convertible Bond 3,000,000.00 EUR with a term until 2023
Debt to Equit...
02/12/2024
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces th...
Consolidated revenues of 16.665 mn EUR
