United Labels AG: Sneak Peek at Preliminary Results for Fiscal Year 2023

• United Labels AG reported preliminary results for FY 2023, with group sales increasing by 11% to €24.8 million from €22.3 million the previous year.
• Earnings before interest and taxes (EBIT) increased by 25% to €1.0 million from €0.8 million the previous year.
• The company's sales growth was due to increased revenue in the Key Account segment, which grew by 9%, and the Special Retail segment, which improved by 31%.
• Sales in the e-commerce business included in the Special Retail segment rose by 57%, making it the area with the greatest growth potential for the company.
• The company's gross profit margin was 27.3%, slightly lower than the previous year's 28.6%, due to higher freight costs in the procurement of goods.
• For the current financial year 2024, United Labels AG plans to expand its Key Account business and brand ranges, as well as its own e-commerce business, and is forecasting further sales growth and an increase in the operating result.

United Labels

-3,20 %

+5,22 %

-2,42 %

+35,20 %

-9,70 %

+5,22 %

-5,10 %

+0,67 %

-96,93 %

ISIN:DE0005489561WKN:548956

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