DGAP-News: UMT United Mobility Technology AG
/ Key word(s): Preliminary Results/Annual Results
Munich, 20 May 2021
UMT AG publishes preliminary annual results for 2020: significant improvement in revenue and earnings - strong growth expected in 2021
UMT United Mobility Technology AG (ISIN: DE000A2YN702) today announced preliminary figures for the past fiscal year. As forecast, the group was able to improve revenue and total operating performance by a triple-digit percentage in 2020 and increase profits at a much disproportionate rate. According to preliminary calculations, the UMT Group's total operating performance more than doubled to TEUR 27,552 in 2020 (previous year: TEUR 13,592). Revenue increased by +103 percent and reached TEUR 25,775 (previous year: TEUR 12,718). Revenues were generated in the areas of licensing, software development, consulting, as well as transaction and commission business. Gross profit at Group level improved by +47 percent to TEUR 13,667 in the reporting year (previous year: TEUR 9,318). While consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of TEUR 9,337 almost doubled compared with the previous year (TEUR 4,896), consolidated operating earnings before interest and taxes (EBIT) rose by a disproportionately high +381 percent to TEUR 5,212 (previous year: TEUR 1,083). Consolidated earnings before taxes (EBT) also increased almost fivefold (+379 percent) to TEUR 5,103 (previous year: TEUR 1,066). As a result, the UMT Group's net profit for the year rose by +255 percent to TEUR 3,783 (previous year: TEUR 1,065). In the course of its strategic realignment, the UMT Group expects continued strong growth. "As part of our guidance for the current financial year, we aim to at least double revenue and earnings, as in the previous year," says Dr. Albert Wahl, CEO of UMT AG. As part of its transformation from a mobile payment specialist to a value-oriented and digital "TechnologyHouse" for integrated mobile commercial applications with a "buy-and-build" approach, the company also expects further significant revenue and earnings growth in the coming years. "Investors should participate in the positive development of the UMT Group in the future. Our stated goal is to also pay a corresponding dividend to our shareholders in the future as part of a sustainable dividend policy with an improvement in returns and cash flow," Dr. Wahl continues. The Group figures disclosed in this release are preliminary. According to current estimates, the UMT Group's Annual Report 2020 will be published at the end of June 2021. The date for the Annual General Meeting of UMT AG is Tuesday, August 17, 2021. Against the background of the Covid-19-related ban on meetings, the Board of Management of UMT has decided to hold this year's Annual General Meeting as a virtual event, as in the previous year. The convening of the virtual Annual General Meeting will be announced in the electronic Federal Gazette. 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. 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.
20.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1198840 |
End of News | DGAP News Service |
|
1198840 20.05.2021
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.