Consolidated revenues of 46.454 mn EUR
EBITDA amounts to 6.223 mn EUR
Earnings per share of 0.23 EUR
Cash flow amounts to -2.285 mn EUR
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, releases its financial results for the fiscal year 2019.
Consolidated revenues of the UET Group amounted to EUR 46.454 million in the financial year 2019 (previous year: EUR 39.026 million). The growth of about 19% has been generated in the Business Division SYSTEMS with its Core Networks unit and increase in MANAGED SUPPLY business.
For the financial year, the UET Group reports EBITDA (earnings before interest, taxes, depreciation and amortization) in the amount of EUR 6.223 million (previous year: EUR 6.522 million). Earnings before interest and taxes EBIT amounted to EUR 3.624 million (previous year: EUR 4.574 million). Previous 2018 results included non-operating earnings from the spin-off of the MANUFACTURING unit in the amount of EUR 2.130 million.
As in the previous year, results include caplitalised spending for research and development assets.
The net profit after tax attributable to UET shareholders amounted to EUR 3.318 million in 2019. Considering the capital increase of EUR 2.0 million that has been closed 2019 and the repurchase of all minorities, the corresponding earnings per share is EUR 0.23 (previous year: EUR 0.29).
The equity of UET increased as of December 31, 2019 by EUR 4.444 million to EUR 5.605 million (previous year: EUR 1.161 million).
The reported operating cash flow in 2019 was EUR -2.285 million compared with EUR 3.727 million in the previous year. An essential part of the cash flow development included the expansion of business activities after the fundraising leading to increased capital employed in inventories and trade receivables, primarily in the SYSTEMS division. Liabilities from ongoing business activities have been reduced in 2019.
At the end of the financial year 2019, cash and cash equivalents in the Group amounted to EUR 4.036 million (previous year: EUR 0.585 million).
The Annual General Meeting will take place on 28 August 2020 in Eschborn. The invitation to the Annual General Meeting will be published in the German Bundesanzeiger by 17 July 2020.
The annual report and the annual group report 2019 (German version only) will be released on the company's website (www.uet-group.com) under Investor Relations/Financial as of June 30th, 2020.
Contact:
UET United Electronic Technology AG
Frankfurter Stra e 80-82
D-65760 Eschborn
Sebastian Schubert
Investor Relations
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 46.454 mn EUR 
