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    DGAP-News  415  0 Kommentare UET United Electronic Technology AG releases financial figures for operating business for the second quarter of 2016

    DGAP-News: UET United Electronic Technology AG / Key word(s): Quarter
    Results/Miscellaneous
    UET United Electronic Technology AG releases financial figures for operating
    business for the second quarter of 2016

    13.09.2016 / 10:15
    The issuer is solely responsible for the content of this announcement.

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    - Consolidated revenues amounted to 16.065 mn EUR

    - Decrease in turnover of -1.218 mn EUR or -7 % respectively

    - Intensifying realignment in the business area SYSTEMS

    - MANUFACTURING and SERVICE with improved contribution to earnings

    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 of 2016, from
    April 1st to June 30th 2016.

    In the period from April to June of the fiscal year 2016, the operating
    companies and business units in the core business of the UET Group
    generated consolidated revenues of 16.065 mn EUR. This equates to a
    decrease of -1.218 mn EUR or -7 % compared to the previous year.

    Within the scope of the implemented optimization, the business units
    SERVICE and MANUFACTURING generated increased results in the second
    quarter. In the business area SYSTEMS, the realignment has been accelerated
    in order to compensate ongoing project delays of customer projects.
    Excluding consolidation effects, the financial figures are presented as
    follows:

    The business unit SYSTEMS generated quarterly revenues of 14.421 mn EUR,
    which equates to a growth of 3.7 % compared to the same period of the
    previous year. During the second quarter of 2016, the EBITDA was negative
    with -0.661 mn EUR compared to -0.623 mn EUR of the same period last year.
    The EBIT amounted to -1.178 mn EUR (previous year: -1.085 mn EUR).
    In the scope of realignment, all essential research and development
    projects were insourced, the headcount will be reduced by 10 % by the end
    of the year 2016 and new products in the areas Supply Chain and Network
    Management have been introduced. In order to compensate for the pending but
    repeatedly delayed start of deliveries for new large-scale projects in
    Germany and Mexico, investments were made to develop the markets Central
    and South America as well as Middle East and South Africa. Until the end of
    2016, the market behaviour here is expected to remain reserved.

    The business unit MANUFACTURING posted revenues of altogether 4.397 mn EUR
    and was hence 13 % below the same quarter of the previous year. Despite the
    low quarterly revenue, the EBITDA amounted to 0.086 mn EUR (previous year:
    0.084 mn EUR), which was due to the implemented optimization. Moreover, the
    EBIT amounted to 0.064 mn EUR and improved by 0.004 mn EUR compared to the
    previous year.
    For the third quarter, we expect an increase in revenue and results in this
    business area.

    In the business unit SERVICE, SUCONI Service reported revenues of 0.468 mn
    EUR in the second quarter, which corresponds to an increase by approx. 6 %
    compared to the previous year. Not only revenues, but also EBITDA as well
    as EBIT could be improved and increased by 0.040 mn EUR compared to last
    year to now 0.059 mn EUR.
    For the third quarter we again expect an improved result.

    The reported financial figures do not include a consolidation of the UET
    holding companies. Those will be presented in detail in the semi-annual
    report, which will be published on September 15th.


    Contact:
    UET United Electronic Technology AG
    Frankfurter Straße 80-82
    D-65760 Eschborn

    Sebastian Schubert
    Tel: + 49 (0) 6196 777755-0
    E-Mail: investor@uet-group.com


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    13.09.2016 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: investor@uet-group.com
    Internet: www.uet-group.com
    ISIN: DE000A0LBKW6
    WKN: A0LBKW
    Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
    Stuttgart; Open Market (Entry Standard) in Frankfurt


    End of News DGAP News Service
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    501143 13.09.2016


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    DGAP-News UET United Electronic Technology AG releases financial figures for operating business for the second quarter of 2016 DGAP-News: UET United Electronic Technology AG / Key word(s): Quarter Results/Miscellaneous UET United Electronic Technology AG releases financial figures for operating business for the second quarter of 2016 13.09.2016 / 10:15 The issuer is solely …