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UET United Electronic Technology AG releases financial figures for operating business for the first quarter 2015

UET United Electronic Technology AG / Key word(s): Quarter Results/Miscellaneous

16.06.2015 17:45

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- Consolidated revenues amounted to 15.347 mn EUR

- Revenue growth of 1.714 mn EUR (without ALBIS Technologies AG)

- Increase in profits within the business units SYSTEMS und MANUFACTURING

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn,
releases selected financial figures for the operating business units
SYSTEMS, MANUFACTURING and SERVICE for the first quarter of 2015, from
January 1st to March 31st 2015.

In the period from January to March of the fiscal year 2015, the operating
companies and business units in the core business of the UET Group
generated consolidated revenues of 15.347 mn EUR.
With regard to the companies belonging to the UET Group in the previous
year (without ALBIS Technologies AG), a revenue increase of 1.714 mn EUR
was achieved compared to the same period of the previous year.

The business units SYSTEMS and MANUFACTURING, referring to the companies
belonging to the UET Group during the same quarter of the previous year,
were able to improve and refine their profits.
Excluding consolidation effects, the financial figures are presented as
follows:

In the business unit SYSTEMS, ELCON Systemtechnik increased its revenues
from 7.948 mn EUR to 9.919 mn EUR and, therefore, by 25%. Despite again
increased expenses in the field of research and development, the EBITDA
could be improved by 0.620 mn EUR to +1.051 mn EUR and the EBIT could be
improved to +0.569 mn EUR.

Also in the business unit SYSTEMS, ALBIS Technologies AG, which was
acquired at the beginning of the year, generated quarterly revenues of
5.879 mn EUR. EBITDA as well as EBIT were negative and amount to -1.163 mn
EUR and -1.198 mn EUR respectively in the first three months of the fiscal
year. With regard to the time of acquisition, ALBIS Technologies is
included in the consolidation of the UET Group as of March 1st 2015, which
amounted to a revenue share of 2.053 mn EUR. EBITDA and EBIT for March
amounted to -0.444 mn EUR and -0.456 mn EUR respectively.