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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces its intention to take over the technology and engineering company Teleconnect GmbH, founded 1990, in Dresden. The envisaged transaction is a further development step for the UET Group to increase the technology depth for solutions relating to gigabit systems for private and public telecommunications networks. Since…
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces that Antje Lobisch will strengthen the existing management of the UET Group as new CFO (Chief Financial Officer). After studying business administration, Antje Lobisch career included positions at DZ-Bank and the Swedish SE Banken, with managerial responsibility in the areas of corporate finance as well as…
