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United Electronic Technology (UET) AG publishes selected, preliminary financial figures for fiscal year 2022

Revenues in fiscal year 2022 up 17 % to 49 mn EUR Order intake and order backlog at highest level since 2010 at 52.5 mn EUR Positive EBIT for 2022 following improved second-half results Double-digit growth planned for 2023   United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, Germany, announces selected and preliminary figures for…

UET Group creates with quantum cryptography secure communications in telecommunications networks

Eschborn, December 13, 2022 Network equipment supplier is conducting research with TU Dresden on quantum technologies for securing communications and boosting performance in industrial networks for telecommunications (6G-Quas). The work on cutting-edge technology is a major contribution to securing technological sovereignty in Germany and Europe. The research project is funded by the German Federal Ministry…

UET-Group includes and enables climate neutrality for all employees in targets and projects

We are moving our targets and efforts related to sustainability and environmental protection one step further. As a Group, we will be climate neutral by 2030. It is now supplemented by climate neutrality for all our employees at all locations. The UN Climate Change Conference COP27 in Sharm el-Sheikh (Egypt) from November 6 to 18,…

UET United Electronic Technology AG with revenues growth amid challenging market conditions in first half of fiscal year 2022

Consolidated sales are 20.215 million EUR – sales growth of +14% Group EBIT at -1.857 million EUR Investments to strengthen supply chain resilience amounting to 2.800 million EUR Positive EBIT target for 2022   Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides their consolidated financial figures for the first half of the fiscal…

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…