UET United Electronic Technology AG / Key word(s): Quarter
Results/Miscellaneous
07.08.2014 11:45
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
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announcement.
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- Consolidated Revenues grew by 1.1 mn EUR to 12.403 mn EUR
- All operating units improved operating results
- Planned investments in Research and Development
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
releases selected financial figures for the operating business units
SYSTEMS, MANUFACTURING and SERVICE for the second quarter 2014.
In the period from April to June of the fiscal year 2014 the operating
companies of the UET core electronic business units generated consolidated
revenues of 12.403 mn EUR. Revenues were 9% higher compared with the same
period of the previous year.
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
8.138 mn EUR to 8.872 mn EUR which represented an increase of 9%. Earnings
before interest, taxes, depreciation and amortisation (EBITDA) increased by
28% to +1.118 mn EUR. ELCON's EBIT grew by 34% to +0.814 mn EUR.
Investments in Research and Development for product development have been
increased again.
For the business unit MANUFACTURING LETRON Electronic reports an increase
in revenues of 5% to 2.394 mn EUR for the second quarter. After the
successful restructuring performed in 2013 the EBITDA improved by 0.170 mn
EUR to +0.032 mn EUR. EBIT grew from -0.142 mn EUR by 0.173 mn EUR to
+0.031 mn EUR.
NEWTAL Elektronik & Systeme increased revenues by 31% to 2.871 mn EUR and
grew the EBITDA by 0.162 mn EUR to +0.083 mn EUR. EBIT has been improved by
0.159 mn EUR to +0.059 mn EUR. Consequently both companies within the
business unit MANUFACTURING continued successfully and enhanced the
positive results of the first quarter.
Continuing its positive development of the recent quarters SUCONI Service
within the business unit SERVICE reported additional growth. Revenues grew
by 22% to 0.589 mn EUR. Both EBITDA and EBIT improved by 0.003 mn EUR.
Earnings before interest and taxes amounted to +0.005 mn EUR.
For the 3rd quarter 2014 further additional investments in product- and
market development projects are scheduled. We expect another positive
business development.
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.
The half year report 2014 will be released by August 29th at the latest.
Contact:
UET United Electronic Technology AG
Frankfurter StraÃe 80-82
D-65760 Eschborn
Sebastian Schubert
Tel: + 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
07.08.2014 The DGAP 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: UET United Electronic Technology AG
Frankfurter StraÃe 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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DGAP-News: UET United Electronic Technology AG releases financial figures for operating business units for the second quarter 2014
| Source: EQS Group AG