|
EQS-News: UET United Electronic Technology AG
/ Key word(s): Preliminary Results/Quarter Results
aconnic AG (ISIN: DE000A0LBKW6), based in Munich, continues its growth in the fourth quarter of 2023. With high demand in systems, software and services for the build-up of communication networks, revenues grew to highest level. aconnic’s consolidated sales amounted to 72.746 mn EUR in 2023, after 49.036 mn EUR in the previous year. This corresponds to an increase in revenue of 48%. The targeted sales growth of 20% was therefore exceeded. For the full year earnings improved. The preliminary operating earnings before interest and taxes (EBIT) amount to 5.904 mn EUR, compared to 0.935 mn EUR in the previous year. One-time expenses from financing effects, financing, and structuring amounting to approximately 3.6 mn EUR are not included in the operating result. In the fourth quarter, revenue amounted to 20.296 mn EUR (previous year: 18.341 mn EUR). This represents a revenue growth of 11% compared to the fourth quarter of 2022. The operating EBIT for the fourth quarter amounted to 1.453 mn EUR (previous year: 3.250 mn EUR). Investments to increase supply chain resilience and overall improved component availability have reduced long-term orders. With those developments the order backlog as of December 31, 2023 is 32.6 mn EUR, compared to 43.1 mn EUR at the end of September 2023. The detailed and final business figures for the year 2023 will be published with the aconnic Annual Report 2023 at the end of June. "The investments in new products and facilities in our supply chain have led to solid growth and satisfactory results. This has laid a foundation for the fiscal year 2024. Considering the increasing market challenges due to geopolitical and economic influencing factors, we aim to continue growing in 2024. Considering the actual market development, we expect a growth to be in the single-digit percentage range. " says CEO Werner Neubauer.
About aconnic AG aconnic AG is an international technology supplier and network equipment provider based in Munich. aconnic AG enables the construction and operation of high-performance gigabit networks with key elements such as energy efficiency, sustainability, and network security, as well as technologies and products for customers to achieve climate neutrality through carbon capturing and bioenergy. Systems and services are used by customers such as Deutsche Telekom, Orange, Telecom Italia, A1 Telekom Austria, and América Móvil. aconnic AG is the only international system supplier for critical communication infrastructure with European research, development, production, and supply chain, as well as its headquarters in Germany, contributing to the strategic and technological autonomy of Europe. aconnic AG (formerly UET AG) has been listed on the German stock exchange since 2006 and generated a revenue of approximately 73 mn EUR in 2023, with a growth of around 48%.
Contact aconnic AG
19.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | UET United Electronic Technology AG |
| Frankfurter Straße 80-82 | |
| 65760 Eschborn | |
| Germany | |
| Phone: | +49 (0)6196-7777550 |
| Fax: | +49 (0)6196-7777559 |
| E-mail: | investor@uet-group.com |
| Internet: | www.uet-group.com |
| ISIN: | DE000A0LBKW6 |
| WKN: | A0LBKW |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart |
| EQS News ID: | 1884927 |
| End of News | EQS News Service |
|
|
1884927 19.04.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
