EQS-News: UET United Electronic Technology AG
/ Key word(s): Preliminary Results/Annual Results
United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, Germany, announces selected and preliminary figures for the fiscal year 2022. In the financial year 2022, revenues grew by 17 % outperforming the set sales target. Consolidated group sales increased to about EUR 49 million (previous year: EUR 41.723 million). To increase the resilience of the own supply chain, the UET Group invested EUR 4 million in a supply chain resilience project in 2022. These product development and customization expenses were fully expensed. The results of this project led to a doubling of the production volume in the 4th quarter compared to the three previous quarters. The set goal of a positive operating EBIT for the full year 2022 was achieved. In the first half of 2022 earnings before interest and taxes (EBIT) still amounted to EUR -1.857 million. Growth and increased profitability in the second half of the year led to a positive overall result. Order intake increased again in the second half of 2022. At the end of the year, the order backlog is EUR 52.5 million compared with EUR 43 million at the end of June 2022. This is the highest order backlog since 2010. For 2023, the UET Group plans double-digit growth and a positive, increased result. Challenges in sourcing components and the risk of supply chain disruptions will exist and remain in 2023. The publication of more detailed figures is scheduled for March 2023. The 2022 annual report of the UET Group will be published by the end of June 2023.
About UET United Electronic Technology AG The UET United Electronic Technology AG is an international technology supplier and network equipment provider based in Eschborn near Frankfurt. The UET Group and its companies enable the construction and operation of high-performance gigabit networks with the key elements of energy efficiency, sustainability and network security. Systems and services are used by customers such as Deutsche Telekom, Orange, Telecom Italia, A1 Telekom Austria and América Móvil. The UET Group is the only international system supplier for critical communications infrastructure with European research, development, production and supply chain and headquarters in Germany. The UET Group has been listed on the German Stock Exchange since 2006, with 250 employees in eight countries generating revenues of around 49 mn EUR in 2022, with growth of 17 percent.
Contact: UET United Electronic Technology AG D-65760 Eschborn, Frankfurter Strasse 80-82 Sebastian Schubert - Investor Relations Tel: + 49 (0) 6196 7777550 E-mail: investor@uet-group.com
Contact: UET United Electronic Technology AG Phone: +49 6196 7777550 Fax: +49 6196 7777559 eMail: investor@uet-group.com
12.01.2023 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: | 1533673 |
End of News | EQS News Service |
|
1533673 12.01.2023 CET/CEST
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.