DGAP-News: UMT United Mobility Technology AG / Key word(s): Half Year Report
Munich, 29 October 2021
UMT Group publishes half-year report 2021: Revenue and earnings significantly improved - strong growth expected also for full year 2021
- Revenue 1st half-year 2021: +26 percent to TEUR 15,945
UMT United Mobility Technology AG (ISIN: DE000A2YN702) today published its half-year report 2021. The Group reports on a successful first half of the year, in which it was able to significantly improve revenue and total operating performance as forecast and increase profit at a disproportionately high rate. Compared to the same period of the previous year, UMT Group's total operating performance increased significantly to TEUR 16,112 (previous year: TEUR 13,130). Revenue increased by +26 percent compared to the first half of 2020 and reached TEUR 15,945 (previous year: TEUR 12,651). Revenues were mainly generated in the two business units "Technology with Software" and "Commerce and Consulting". In terms of revenue, the "Technology and Software" segment includes licensing rights, software development, and the software-induced transaction business. In terms of revenue, the Commerce and Consulting segment primarily comprises consulting activities for IT and asset management, as well as the UMT Group's sales and commission business. The growth momentum in the first half of 2021 is attributable in particular to the "Commerce and Consulting" business area. And also in the future, the business within the framework of the new "Buy-and-Build" strategy - and thus as the first building block the BUCHBERGER Group - will in particular cover the business area "Commerce and Consulting". For the "Technology and Software" area, rather moderate growth is expected in the future as well.
Gross profit at Group level improved by +47 percent in the first half of 2021 to TEUR 9,693 (previous year: TEUR 6,576). While consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased by +60 percent to TEUR 7,240 (previous year: TEUR 4,524), consolidated operating earnings before interest and taxes (EBIT) almost doubled (+91 percent) to TEUR 4,514 (previous year: TEUR 2,357). Consolidated earnings before taxes (EBT) also almost doubled (+91 percent) to TEUR 4,516 (previous year: TEUR 2,369). As a result, the UMT Group's net profit for the year rose by +135 percent to TEUR 4,230 (previous year: TEUR 1,804).
"The acquisition of the BUCHBERGER Group in February of this year was a first step in our further development from a specialist for mobile payment to a value-oriented and digital "technology house" that is ready to take on entrepreneurial responsibility. We deliberately want to break new ground. And we have learned that the combination of "product coupled with entrepreneurial responsibility" makes a significant difference, both in terms of product acceptance and our own profitability. With the takeover of the BUCHBERGER Group, UMT has assumed entrepreneurial responsibility and this step should be ideal for further projects," says Dr. Albert Wahl, Chairman of the Board of Management of UMT AG.
"The strategic realignment of the UMT Group has already borne encouraging fruit in the first half of 2021. We have succeeded in taking a decisive step in the implementation of our buy-and-build strategy as a value-oriented and digital "technology house". The development of business in the first half of 2021 confirms the guidance issued by the management of the UMT Group for the year as a whole," Dr. Wahl continued.
The IT and consulting expertise built up over a decade in the field of e-commerce and payment (Multi-Currency & Crypto-Money) is the basis for value-creating investments in companies with a low level of digitalization. The focus of activities is on medium-sized companies with future-oriented and stable business models. The aim is to unlock new growth potential through active further development, particularly in the area of digitization, and a forward-looking buy-and-build strategy for the specific consolidation of a fragmented market, and thus to realize significant revenue and earnings growth with sustainable profitability and steady cash flow.
29.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
UMT United Mobility Technology AG
Brienner Straße 7
+49 (0) 89 20 500 680
+49 (0) 89 20 500 555
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
End of News
DGAP News Service