Ad-hoc | 16 November 2010 08:52
United Labels AG / Key word(s): Quarter Results
16.11.2010 08:52
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Group revenue up 26% to EUR35.3 million
- EBIT rises to EUR0.7 million
- Record revenue of approx. EUR57 million projected for 2010
Münster, 16.11.2010 - United Labels AG (ISIN: DE 0005489561), a specialist
in comicware sold under licence, achieved revenue growth of 26% at Group
level in the first 9 months of 2010, taking total sales for this period to
EUR35.3 million (prev. year: EUR28.1 million). Earnings before interest and
taxes rose to EUR0.7 million (prev. year: EUR-0.9 million). Group profit
for the period stood at EUR0.1 million (prev. year: EUR-0.8 million).
The company's foreign subsidiaries again made a significant contribution to
revenue growth. While Italy managed a threefold increase in sales, Spain
and Belgium propelled revenue by around 70% and 30% respectively.
Newly developed marketing and growth concepts produced record order intake
over the course of the current 2010 financial year. At the end of the
reporting period, order backlog stood at EUR30.6 million (prev. year:
EUR9.8 million). Of this amount, EUR20.6 million is attributable to the
remaining fourth quarter.
On this basis, the company is projecting an all-time high of around EUR57
million in annual sales.
At the same time, order intake for the 2011 financial year was encouraging,
with incoming orders for next year increasing sixfold to EUR10.0 million
(prev. year: EUR1.6 million).
In particular, the company's new textile and apparel collections have met
with strong demand among retail chains. In parallel, business in Eastern
Europe remained buoyant.
By the end of the third quarter, the company had opened four new airport
shops; another two new stores are to be launched this year. Thus, by the
end of the year United Labels will be operating with ten shops at five
different locations. The company is planning to add at least one more store
at Madrid Airport in 2011.
For further information, please visit www.unitedlabels.com or contact the
following member of staff:
United Labels AG
Timo Koch
Corporate Communication
Gildenstr. 6
D - 48157 Münster
Tel.: +49 (0) 251-3221-406
Fax: +49 (0) 251-3221-960
Mobile: +49 (0) 170-5 62 88 65
tkoch@unitedlabels.com
16.11.2010 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: United Labels AG
Gildenstr. 6
48157 Münster
Deutschland
Phone: +49 (0)25 132 21-0
Fax: +49 (0)25 132 21-999
E-mail: investorrelations@unitedlabels.com
Internet: www.unitedlabels.com
ISIN: DE0005489561
WKN: 548956
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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