UET United Electronic Technology AG releases consolidated financial report for first half of fiscal year 2014

• Growth and increase in profit compared to the previous year
• Consolidated revenues of EUR 24.258mn 
• EBITDA for the group with 2.155mn EUR positive
• EBIT for the UET Group increases to EUR 1.322 mn
• Operating Cash Flow amounts to EUR 0.971 mn

Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides its consolidated financial figures for the first half of the fiscal year from January 1st to June 30th, 2014.

In the first half of fiscal year 2014 UET generated consolidated revenues of EUR 24.258 mn. This represents a growth of EUR 1.7 mn or 8% compared with the same period of the previous year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved in spite of increased expenditures in Research and Development and further investments by 77% to EUR 2.155 mn.

Earnings before interest and taxes (EBIT) increased to EUR 1.322 mn EUR, which is again of more than EUR 1.4 mn.

Earnings of ordinary operating activities improved from EUR -0.462 mn in the first half of 2013 to EUR +0.685 mn for the first half of the fiscal year 2014.

Cash Flow from operating activities was EUR 0.971 mn (previous year EUR 1.298 mn). After further repayments of financial liabilities cash and cash equivalents in the group amounted to EUR 1.072 mn, as of June 30th, 2014.

The full Report for the first half of fiscal year 2014 (German version only) is now available for download from the company’s website (http://www.uet-group.com) under Investor Relations/ Financial Reports.