DGAP-Adhoc

UET United Electronic Technology AG releases consolidated financial results for fiscal year 2016

DGAP-Ad-hoc: UET United Electronic Technology AG / Key word(s): Final Results/AGM/EGM UET United Electronic Technology AG releases consolidated financial results for fiscal year 2016 21-Jul-2017 / 11:14 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. - Revenues of 60.611 mn EUR

- EBITDA amounts to 5.483 mn EUR, EBIT 3.132 mn EUR

- Cash flow from operating activities amounts to 2.287 mn EUR

- UET postpones the annual shareholder meeting to October 2017

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, releases its financial results for fiscal year 2016.

Consolidated revenues of the UET Group declined slightly in the fiscal year 2016 and amounted to a total of 60.611 mn, 5% below the previous year.

In 2016 the UET Group generated an EBITDA (earnings before interest, taxes, depreciation and amortization) of 5.483 mn EUR (previous year: -1.728 mn EUR). Earnings before interest and taxes (EBIT) were also positive and amounted to 3.132 mn EUR (previous year: -3.947 mn EUR).

Consolidated results totaled in a net profit of 2.550 mn EUR (previous year: -1.177 mn EUR) over the course of the year. The reported results included earnings from effects as a result of the repurchase of liabilities from shareholder loans.

Under the consideration of minority interests on the consolidated result, the attributable result per share to the shareholders of UET AG is 0.25 EUR for the fiscal year 2016 (previous year: -0.07 EUR).

As a result of the improved period results of UET Group, the cash flow from operating activities in fiscal 2016 created a positive value of 2.287 mn EUR (previous year:-3.933 mn EUR). Cash and cash equivalents in the Group amounted to 0.774 mn EUR as of December 31st 2016.

Liquidity Cash management and financing of the Group remain challenging and essential for the further development of the company.


The annual financial statements and the consolidated financial statements were audited by the auditors. However, the final reports are not yet available and have not yet been approved by the Supervisory Board.