UK Markets closed

UMT Group publishes half-year report 2020: Strategic reorientation leads to significant increase in sales and earnings

·4-min read

DGAP-News: UMT United Mobility Technology AG / Key word(s): Half Year Results
30.11.2020 / 16:00
The issuer is solely responsible for the content of this announcement.

Munich, 30 November 2020


Corporate News

UMT Group publishes half-year report 2020: Strategic reorientation leads to significant increase in sales and earnings

UMT United Mobility Technology AG (UMT) today published its half-year report 2020. The group of companies reports on a successful first half of 2020, in which it was once again able to improve its key figures with significant increases in revenue, total operating performance, gross profit and EBITDA. In the course of its strategic reorientation and a further adjustment of its business model to the requirements of the market, UMT succeeded in generating revenue from the areas of licensing, software development, consulting, transaction and commission business.

The total operating performance of TEUR 13,130 generated in the first half of 2020 represents a doubling of the total operating performance compared to the same period of the previous year (TEUR 6,504). This is based on revenues of TEUR 12,651 (prior year: TEUR 5,724), which are mainly generated by the two business segments "Technology with Software" and "Commerce and Consulting". The "Technology with Software" segment is responsible for revenues from license rights, software development and the software-induced transaction business. The "Commerce and Consulting" segment primarily includes the consulting activities for IT and asset management on the revenue side and the sales and commission business of the UMT Group on the portfolio side. The growth momentum in 2020 is particularly attributable to the "Commerce and Consulting" segment.

Gross profit at Group level improved in the first six months of 2020 by 164 percent to TEUR 6,576 (prior year: TEUR 2,496). Both consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of TEUR 4,524 (prior year: TEUR 1,689) and consolidated earnings before interest and taxes (EBIT) of TEUR 2,357 after TEUR 1,002 in the prior year, recorded a significant increase in the first half of the year. Consolidated earnings before taxes (EBT) increased in the reporting period to TEUR 2,369 (prior year: TEUR 981) with a significant decrease in interest expenses. The UMT Group closed the first half year 2020 with a consolidated net income of TEUR 1,804 (prior year: TEUR 980).

"The strategic reorientation of the UMT Group has already borne encouraging fruit in the first half of 2020," says Dr. Albert Wahl, CEO of UMT United Mobility Technology AG. "We have succeeded in aligning our business model to demand and thus significantly expanding our sales spectrum. The course has thus been set for scaling the UMT platform beyond mobile payment. Consequently, despite the ongoing COVID 19 pandemic, we are reaffirming our previous forecast and continue to expect a triple-digit percentage increase in revenue and earnings for 2020 as a whole," Dr. Wahl continues.

The half-year 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 in the Technology and Commerce segment to include the provision of services in the areas of technology design and development as well as 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.

 

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


30.11.2020 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:

1151445


 

End of News

DGAP News Service

show this
show this