- EBITDA for the group with 1.989 mn EUR positive
- Revenues for core business activities were 46.7 mn EUR
- Operating Cash Flow amounts to -0.8 mn EUR.
- Annual General Meeting scheduled for fourth quarter 2013
Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides its financial figures for 2012.
In the fiscal year 2012 UET generated consolidated revenues of EUR 57.7 mn. Revenues for the consolidated core business including the core companies’ activities were EUR 46.7 mn.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amount to EUR 1.989 mn, which represents an 11.6% decrease compared with the previous year. Earnings of ordinary operating activities improved from EUR -12.826 mn to EUR -3.176 mn but still remain negative.
Cash Flow from operating activities amounted to EUR -0.8 mn and was EUR 1.0mn better than the year before. Cash and cash equivalents in the group amounted to EUR 1.5 mn, as of Dec 31st, 2012.
The complete financial results will be provided as an Information Report 2012. As the negotiations with one large financial creditor have not been finalised yet the final auditing report has not been completed. As soon as the final result of the negotiations and the auditing report will be available the final approved annual report 2012 will be released. The final and audited annual reports for the portfolio companies have been completed and are available.
The next annual general meeting is scheduled for the fourth quarter 2013. Final date and time as well as the Invitation will be released timely.
The Information Report 2012 (German version only) will be made available for download from the company’s website (http://www.uet-group.com) under Investor Relations/ Financial Reports by end of business of August 2nd 2013.
UET United Electronic Technology AG
Frankfurter Straße 80-82
Tel: + 49 (0) 6196 777755-0