- Revenues grow by 7% to 48.436 mn EUR
- EBITDA amounts to 4.512 mn EUR
- EBIT improves by 1.681mn EUR to 2.797 mn EUR
- Cash flow from operating activities amounts to 3.986 mn EUR
- UET convenes annual shareholder meeting on June 18th, 2015
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, releases its approved financial results for fiscal year 2014.
Consolidated revenues of the UET Group increased by 7% and amounted to a total of 48.436 mn EUR (previous year: 45.331 mn EUR) in fiscal year 2014.
In 2014 the UET Group generated an EBITDA (earnings before interest, taxes, depreciation and amortization) of 4.512 mn EUR, slightly below the previous year (4.677 mn EUR).Earnings before interest and taxes (EBIT) improved to 2.797 mn EUR. Compared to the fiscal year 2013 this corresponded to an increase of 1.681 mn EUR respectively 151%.
Operating profit from ordinary operations was positive and increased, after a negative result in the previous year (-0.522 mn EUR), to 1.398 mn EUR. Under the consideration of minority interests on the consolidated result, the attributable profit per share to the shareholder s of UET AG is 0.10 EUR for the fiscal year 2014 (previous year: 0.05 EUR).
Cash flow from operating activities increased, following the earnings trend, by 1.227 mn EUR to 3.986 mn EUR in 2014 (previous year: 2.759 mn EUR). In addition, the UET group could deleverage by 0.7 mn EUR in the 2014 financial year in long-term financiers. Cash and cash equivalents in the Group amounted to 2.484 mn EUR as of December 31st, 2014.
The annual shareholder meeting will take place as scheduled on June 18th, 2015 in Eschborn. The invitation including its agenda will be released today in accordance with the deadline in German Federal Gazette.
The annual report and the annual group report 2014 (German version only) will be released on the company’s website (www.uet-group.com) under Investor Relations/Financial reports.
The invitation including its agenda for the annual shareholder meeting will be available for download from the company’s website under Investor Relations/Annual Meeting on May 7th, 2015.
UET United Electronic Technology AG
Frankfurter Straße 80-82
Tel: + 49 (0) 6196 777755-0