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UMT Group publishes Annual Report 2019: Revenues and earnings significantly improved - further growth expected for 2020

·4-min read

DGAP-News: UMT United Mobility Technology AG / Key word(s): Annual Results
30.09.2020 / 12:41
The issuer is solely responsible for the content of this announcement.

Munich, 30 September 2020


Corporate News

UMT Group publishes Annual Report 2019: Revenues and earnings significantly improved - further growth expected for 2020

UMT United Mobility Technology AG today published its annual report 2019. On the basis of the final figures, the Group reports on a successful 2019 as a whole, in which it was once again able to improve its key figures with significant increases in revenues, total performance, gross profit and EBITDA. Revenues were generated from licensing, software development and consulting as well as from transaction and commission business.

UMT Group's total operating performance rose by 9 percent to TEUR 13,592 in the past fiscal year (previous year: TEUR 12,431). Revenues of TEUR 12,718 were particularly pleasing, with an increase of more than 30 percent over the previous year (TEUR 9,520). Gross profit at Group level improved by 20 percent to TEUR 9,318 in the reporting year (previous year: TEUR 7,788). Both consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of TEUR 4,896 (prior year: TEUR 2,713) and consolidated earnings before interest and taxes (EBIT) of TEUR 1,083 (after TEUR 250 in the prior year) recorded a significant increase in the fiscal year. Group earnings before taxes (EBT) increased to TEUR 1,066 (prior year: TEUR 117) in the reporting year with a significant decrease in interest expenses. The UMT Group closed the 2019 financial year with a consolidated net income of TEUR 1,065 (prior year: TEUR 117).

"In the course of its strategic reorientation, UMT is assuming continued strong growth for fiscal year 2020, with a significant increase in revenues and earnings in the three-digit percentage range. As part of the further development of our business model, we expect in particular income from the transaction and consulting area for technology", says Dr. Albert Wahl, CEO of UMT United Mobility Technology AG. "In addition, the UMT management reaffirms its previous forecast despite the ongoing COVID 19 pandemic and expects strong medium- and long-term growth in commission income from Assets under Management (AuM), both for its own account and on direct customer orders, over and above the traditional operating business," Dr. Wahl continues.

The annual report is available on the company's website at www.umt.ag.


About UMT AG:

UMT United Mobility Technology AG is a FinTech company specialising in the development and implementation of customised mobile payment and blockchain solutions, particularly for major customers. As a white label technology provider, the company operates one of the largest mobile payment platforms in Europe. UMT acts as a central interface between all relevant parties such as large retail chains, banks, bonus programme providers and end consumers. UMT's technology is in live operation at around 16,000 branches and 71,000 checkouts. In Germany alone, over 14 million users can use UMT's mobile payment technology. In addition, UMT offers its customers services in the area of customer loyalty programs and smart data along the entire value chain. With the LOYAL-App, UMT offers its users an efficient way to use loyalty programs and a modern mobile payment solution. In addition, UMT is expanding its business model to include the provision of services in the field of technology design and development as well as technology consulting.

The UMT United Mobility Technology AG share (GSIN A2YN70, ISIN DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Boerse AG. In addition, UMT is expanding its business model to include the provision of services in the field of technology design and development as well as technology consulting.

 

Contact:

UMT United Mobility Technology AG
Investor Relations
Irmi Aigner
Brienner Strasse 7
D-80333 Munich
Tel: +49 89 20500-680
Fax: +49 89 20500-555
E-Mail: investor.relations@umt.ag
www.umt.ag


30.09.2020 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

Language:

English

Company:

UMT United Mobility Technology AG

Brienner Straße 7

80333 München

Germany

Phone:

+49 (0) 89 20 500 680

Fax:

+49 (0) 89 20 500 555

E-mail:

info@umt.ag

Internet:

www.umt.ag

ISIN:

DE000A2YN702

WKN:

A2YN70

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1137900


 

End of News

DGAP News Service

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