United Labels AG

  • WKN: 548956
  • ISIN: DE0005489561
  • Land: Deutschland

Nachricht vom 15.05.2018 | 11:47

United Labels AG: Improved earnings in first quarter 2018

United Labels AG / Key word(s): Quarterly / Interim Statement
United Labels AG: Improved earnings in first quarter 2018

15-May-2018 / 11:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Improved earnings in first quarter 2018
  • Group revenue stands at EUR6.6 million after first quarter
  • Group profit up by 36.2% at EUR241 thousand
  • Order backlog rises by 10.9% to EUR7.1 million
 
Münster, 15 May 2018. United Labels AG recorded Group revenue of EUR6.6 million (prev. year: EUR7.0 million) in the first three months of 2018. Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled EUR0.7 million (prev. year: EUR0.7 million). Fuelled by high-margin revenue generated within the Special Retail segment and growth in the Key Account segment, EBIT rose by 11.1% to EUR541 thousand (prev. year: EUR487 thousand). Post-tax profit for the Group improved by 36.2% to EUR241 thousand in the current financial year (prev. year: EUR177 thousand).
 
Order backlog at the end of the quarter was up by 10.9% at EUR7.1 million (prev. year: EUR6.4 million) and mainly includes orders within the Key Account segment; orders attributable to the Special Retail segment are serviced from stock and merchandise within this area is dispatched shortly after orders have been placed by customers.  
 
Operating cash flow rose significantly by EUR1.4 million to EUR1.5 million (prev. year: EUR0.1 million).
 
Germany, in particular, saw growth within the Key Account segment. The Special Retail segment serves existing and new trading partners with merchandise centred around the "Pummeleinhorn", "Diddl", "Ralph Ruthe" and "DFB - Deutscher Fußballbund" (German Football Association) licences. However, goods relating to the German Football Association are not scheduled for delivery until the second quarter of the year, in time for the upcoming Football World Cup.
In addition to supplying goods to retail partners via a B2B shop, the Group markets selected product lines to end consumers through the proprietary online stores of Elfen Service GmbH, which recorded growth in both revenue and earnings during the first quarter.
 
Overall, the growth target for Group revenue in the 2018 financial year stands at 2% - 7%. Based on current projections, EBIT is expected to lie between EUR1.8 million and EUR2.8 million in 2018. Above all, the Company will be looking to evolve its specialist retailing and e-commerce business in strategic terms for the purpose of achieving its earnings targets.
 
The report issued by United Labels AG for the first three months of 2018 can be downloaded from the Company's website in the coming days:
http://www.unitedlabels.com/investor-relations/finanzberichte
 
Further information:
United Labels AG - Investor Relations -
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960
investorrelations@unitedlabels.com Diese E-Mail-Adresse ist gegen Spambots geschützt! JavaScript muss aktiviert werden, damit sie angezeigt werden kann.

15-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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