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UET United Electronic Technology AG plans expansion of the current financing round for investments

Working capital to be increased for growth and supply chain management. Sales grow due to high new order volume.   UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, plans to expand the current round of financing, which was originally intended to be used to refinance existing debt financing. In the 2022 fiscal year, sales have…

Guest essay by CEO Werner Neubauer on the green Internet and climate protection

In a guest article for the “Wiener Zeitung”, Werner Neubauer, CEO of UET AG, discussed the opportunities offered by the green internet. The pressure on the industry to make a greater contribution to climate protection is growing. With sustainable investments, the telecommunications industry could save more resources and enable more recycling in the future. Sustainability…

UET United Electronic Technology AG announces Blackstone as new major shareholder

United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, Germany, announces that Blackstone Strategic Partners, a division of Blackstone Inc, New York, USA, has acquired a total of 3,500,000 shares from the former shareholder Palace Park Investments Ltd, an investment company of Stepstone Global. Blackstone now holds approximately 23% of the voting rights in UET AG.…

UET United Electronic Technology AG publishes consolidated financial figures for the 2021 financial year as an interim report

Revenues increased to EUR 41.723 million EBITDA increased to EUR 5.622 million positive earnings per share positive Cash flow from operating activities UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, today publishes financial figures for the financial year 2021. In the 2021 financial year, the UET Group generated consolidated revenues of EUR 41.723 million (previous…

Ad-Hoc News: UET United Electronic Technology (UET) AG publishes interim report and postpones publication of the individual and consolidated financial state-ments for the 2021 financial year

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces that the publication of the individual and consolidated financial statements for the financial year 2021 will be postponed. The company will publish a detailed interim report for the 2021 financial year on June 30, 2022. UET is currently conducting a round of financing. The aim is…

albis-elcon and Advantech expand partnership for 5G and 6G wireless technology

Network equipment supplier albis-elcon, part of the listed UET AG (ISIN: DE000A0LBKW6), is expanding its partnership with manufacturer Advantech (TWSE: 2395.TW), a global leader in industrial IoT, towards open mobile technologies for 5G and 6G networks. The companies made the announcement at the IEEE 5G++ Summit in Dresden and presenting the first joint OPEN RAN…

albis-elcon (subsidiary of UET Group), CampusGenius and Smart Systems Hub present Germany’s first open 5G campus network with Saxony Trade and Invest Corporation

At this year’s IEEE++ 5G Summit trade fair and conference on May 12, 2022 in Dresden, albis-elcon system Germany GmbH, CampusGenius GmbH and Smart Systems Hub GmbH together with the Saxony Trade and Invest Corporation (Wirtschaftsförderung Sachsen GmbH – WFS) will present Germany’s first open IoT-LAB 5G campus network. This 5G network serves companies to…

United Electronic Technology (UET) AG publishes preliminary figures for fiscal year 2021

Sales in fiscal year 2021 increased by 38 percent to 41.7 million euros EBITDA increased more than tenfold to 5.6 million euros last year Ukraine war does not directly affect the company at present   United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, announces preliminary figures for the fiscal year 2021. For the fiscal year…

War in Ukraine – UET Group position & impact

The unimaginable has happened: We have war again in Europe. There have been acts of war in Ukraine for several weeks now. As United Electronic Technology (UET) AG, we have a clear position: We condemn the senseless war in Ukraine with the endless suffering for the innocent people of the sovereign country. We are deeply…

Antje Lobisch, CFO, leaves UET United Electronic Technology AG

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announced today that Antje Lobisch is leaving the company as Chief Financial Officer (CFO). The change in the management team takes effect immediately. “We thank Antje Lobisch for her commitment to UET Group and its customers,” CEO Werner Neubauer said Monday. Until a successor is found, CEO…