United Labels AG / Key word(s): Quarter Results/Interim Report 22.05.2013 11:20 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. --------------------------------------------------------------------------- * Targeted reduction in revenue following focus on core business fields * Quarterly earnings within expectations and up on previous year * Restructuring programme and cost streamlining take effect Münster, 22 May 2013 - United Labels AG (ISIN: DE 0005489561) has closed the first quarter of the current financial year with revenue totalling EUR5.7 million (prev. year: EUR11.5 million). The year-on-year decline in revenue is attributable to the company's focus on core business fields with higher contribution margins and the associated discontinuation of revenue flows from unprofitable areas of business. Within this context, the amalgamation and restructuring of the United Labels sites in Italy, Belgium, France and Germany were a key factor. Additionally, sales generated in Spain fell to EUR2.5 million (prev. year: EUR3.2 million) as a result of the country's economic climate. The new e-commerce activities of United Labels, managed in cooperation with the subsidiary Elfen Service GmbH, got off to a good start. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were in positive territory at EUR36 thousand. The quarterly loss was also scaled back from EUR-0.3 million to EUR-0.2 million. At the same time, the cost reduction programme initiated in 2012 had a significant impact on business performance. Having implemented the full range of optimisation measures announced by the company, United Labels is looking to make cost savings of around EUR3.0 million per annum in 2013 and 2014. In cooperation with its subsidiary Elfen Service, the company will be taking an equally focused approach to executing its projects planned within the area of B2C operations and the expansion of value creation processes. These projects are to be completed over the course of the second quarter. The quarterly report of United Labels AG can be downloaded from the following site: http://www.unitedlabels.com/investor-relations/finanzberichte For further information, please contact the following member of staff: United Labels AG Thorsten Laumann Head of Corporate Communication Gildenstraße 6 48157 Münster Tel.: +49 (0) 251-3221-406 Fax: +40 (0) 251-3221-960 [email protected] 22.05.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: United Labels AG Gildenstr. 6 48157 Münster Germany Phone: +49 (0)25 132 21-0 Fax: +49 (0)25 132 21-999 E-mail: [email protected] Internet: www.unitedlabels.com ISIN: DE0005489561 WKN: 548956 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------