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DGAP-News: UET United Electronic Technology AG / Key word(s): Half Year Results/Miscellaneous
Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides their consolidated financial figures for the first half of the fiscal year from January 1st to June 30th 2021.
UET Group generated consolidated revenues of 17.759 mn EUR in the first half of the fiscal year 2021. Compared with the previous year, this represents a growth of 1.094 mn EUR or 7%. Adjusted based on the core business of the UET Group, revenues increased by 1.5 mn EUR or 10%.
Parallel with the revenue increase the gross margin improved. Additional cost reduction earnings before interest, taxes, depreciation and amortisation (EBITDA) were positive and amounted to 2.570 mn EUR (first half of 2020: 0.691 mn EUR) and increased by 272%.
The consolidated result of the first half of the fiscal year 2021 was 0.107 mn EUR. In the same period of the previous year consolidated net income amounted to -1.454 mn EUR.
On June 30th 2021, the cash funds of the UET Group amounted to 2.010 mn EUR compared with 1.135 mn EUR last year.
As expected, the demand for the expansion and restructuring of communication networks is increasing in all markets, after the restrictions related to pandemic prevention. Stronger growth was limited by the reduced availability of electronic components on the world market with a volatile development.
In the long term, sustainable, profitable growth is planned. Fluctuating market situations will be part of this development and will be included in the development plan by the UET Group.
More financial data and general information can be found in the full report for the first half of the fiscal year 2021 (German version only), which will be available for download on October 1st 2021 on the company website (http://www.uet-group.com) under Investor Relations/ Financial Reports.
30.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
UET United Electronic Technology AG
Frankfurter Straße 80-82
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart
EQS News ID:
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