EQS-News

UET United Electronic Technology AG publishes preliminary figures for fiscal year 2022

EQS-News: UET United Electronic Technology AG / Key word(s): Preliminary Results/Miscellaneous UET United Electronic Technology AG publishes preliminary figures for fiscal year 2022 05.04.2023 / 15:22 CET/CEST The issuer is solely responsible for the content of this announcement. Sales in fiscal year 2022 increased by 17 percent to EUR 49 million EBITDA including one-time effects amounts to EUR 4.188 million EBIT in the fiscal year amounts to EUR 0.937 million Order backlog at record high of EUR 52.5 million

The United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, Germany, announces further preliminary financials for the fiscal year 2022. UET AG generated consolidated sales of EUR 48.978 million (previous year: EUR 41.723 million). This corresponds to a growth of 17 percent. The main growth contribution came from installation of optical gigabit systems and the expansion of 5G mobile networks.

Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 4.188 million for the fiscal year 2022 (previous year: EUR 5.622 million). Earnings before interest and taxes (EBIT) amounted to EUR 0.937 million, compared to EUR 2.582 million in the previous year.

Both EBITDA and EBIT include expenses of around EUR 4 million for a project to increase the company supply chain resilience. These expenses for product developments and process adaptions were fully expensed. The results of this project had a significant contribution to the ability to manage challenges in the supply of semiconductors due to disruptions in the supply chain in the 2nd half of the year. Shipments for systems, especially in the fourth quarter, enabled a positive EBIT for the full financial year, after an EBIT of EUR -1,857 million for the first half year of 2022.