29.06.2018
UET United Electronic Technology AG DE000A0LBKW6
DGAP-News: UET United Electronic Technology AG releases consolidated financial results for the fiscal year 2017
DGAP-News: UET United Electronic Technology AG / Key word(s): Final
Results/Miscellaneous
UET United Electronic Technology AG releases consolidated financial results
for the fiscal year 2017
29.06.2018 / 14:38
The issuer is solely responsible for the content of this announcement.
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* Consolidated revenues of 47.635 mn EUR
* EBITDA amounts to 1.784 mn EUR
* Cash flow from operating activities amounts to 1.890 mn EUR
* UET convenes annual shareholder meeting on August 22nd 2018
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, releases
its financial results for the fiscal year 2017.
Consolidated revenues of the UET Group were 47.635 mn EUR in 2017 (previous
year: 60.611 mn EUR). The decrease was primarily influenced from the
divestment of one of the operating organisations from the MANUFACTURING area
in March 2017 as well as from a sales decline in the business area SYSTEMS
due to some delayed network expansions programs.
For the fiscal year 2017, the UET Group reports an operational EBITDA
(earnings before interest, taxes, depreciation and amortization) of 1.784 mn
EUR. Compared with the previous year, which contained extraordinary effects
from the re-purchase of shareholder loans in the amount of 6.877 mn EUR, the
operating EBITDA increased by 3.179 mn EUR.
The earnings before interest and taxes (EBIT) amounted to -0.270 mn EUR. The
consolidated loss including consolidation effects totaled to -1.806 mn EUR.
Considering and eliminating one-time effects from the year 2016, all
operational earning results increased.
Under the consideration of the existing minority interests for the
consolidated result, the attributable result per share to shareholders is
-0.18 EUR for the fiscal year 2017 (previous year: 0.25 EUR).
Cash Flow from operating activities was positive and amounted to 1.890 mn
EUR in 2017 (previous year: 2.287 mn EUR).
Cash and cash equivalents in the Group amounted to 2.518 mn EUR as of
December 31st 2017 (previous year: 0.744 mn EUR).
The annual general shareholder meeting will take place as scheduled on
August 22nd 2018 in Eschborn. The invitation including the agenda will be
released until July 13th 2018, in the German Bundesanzeiger.
The annual report and the annual group report 2017 (German version only)
will be released on the company's website (www.uet-group.com) under Investor
Relations/Financial as of today.
The invitation including the agenda for the annual shareholder meeting will
be available for download from the company's website under Investor
Relations/Annual Meeting until July 13th 2018.
Contact:
UET United Electronic Technology AG
Frankfurter Straße 80-82
D-65760 Eschborn
Sebastian Schubert
Investor Relations
Tel: + 49 (0) 6196 777755-0
E-Mail: [email protected]
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29.06.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
Internet: www.uet-group.com
ISIN: DE000A0LBKW6
WKN: A0LBKW
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Basic Board), Stuttgart
End of News DGAP News Service
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