Corporate | 23 May 2014 12:30
UET United Electronic Technology AG / Key word(s): Quarter Results/Miscellaneous
23.05.2014 12:30
Dissemination of a Corporate News, transmitted by DGAP - a company of EQS
Group AG.
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- Consolidated Revenues grew by 6% to 11.578 mn EUR
- EBIT improves by 0.386 mn EUR to +0.326 mn EUR
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
releases selected financial figures for the operating business units
SYSTEMS, MANUFACTURING und SERVICE for the first quarter 2014.
In the first three months (January to March) of the fiscal year 2014 the
operating companies of the UET core electronic business units generated
consolidated revenues of 11.578 mn EUR. Revenues were 6% higher compared
with the same period of the previous year.
Earnings before interest, taxes (EBIT) improved by 0.386 mn EUR to +0.326
mn EUR.
All operating units and companies were able to improve the operating
performance and results compared to the same period of the previous year.
Excluding consolidation effects revenues and operating profit are:
ELCON Systemtechnik within the business unit SYSTEMS grew revenues from
6.957 mn EUR to 7.948 mn EUR which represented an increase of 14%. Earnings
before interests, taxes, depreciation and amortisation (EBITDA) have been
improved by 33% to 0.433 mn EUR. ELCON's EBIT grew by 78% to 0.130 mn EUR.
Investments in Research and Development for the further targeted market and
product development have been increased as planned.
For the business unit MANUFACTURING LETRON Electronic reports revenues of
2.878 mn EUR which is 9% lower. After the successful restructuring
performed in 2013 the EBITDA improved by 0.135 mn EUR to +0.089 mn EUR.
EBIT grew from -0.051 mn EUR by 0,138 mn EUR to +0.087 mn EUR.
NEWTAL Elektronik & Systeme increased revenues by 24% to 2.820 mn EUR and
grew the EBITDA by 0.150 mn EUR to +0.125 mn EUR. EBIT has been improved by
0.147 mn EUR to +0.101 mn EUR. Consequently both companies within the
business unit MANUFACTURING generated a positive operating profit.
Continuing its positive development of the recent quarters SUCONI Service
within the business unit SERVICE reported additional growth. Revenues grew
by 35% to 0.506 mn EUR. EBITDA and EBIT improved by 0.044 mn EUR. EBIT was
+0.009 mn EUR compared to -0,035 mn EUR in the first quarter 2013.
For the 2nd quarter 2014 further additional investments in product- and
market development projects are scheduled. We expect another positive
development for the current quarter.
The reported financial figures do not include consolidation effects of
existing non operating UET Holding companies. Extended full consolidated
financials will be released with the next half year report.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Christina Tümmler
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
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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: investor@uet-group.com
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of Announcement DGAP News-Service
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