UET United Electronic Technology AG releases financial figures for fiscal year 2013

• Consolidated Revenues of 45.331 mn EUR
• Group EBITDA with 4.677 mn EUR positive
• EBIT improves by 2.203 mn EUR to 1.116 mn EUR
• Cash Flow from operating activities amounts to 2.759 mn EUR
• UET convenes annual stockholder’s meeting on May 28th, 2014

 

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, releases its approved financial figures for fiscal year 2013.

In the fiscal year 2013 UET generated consolidated revenues of 45.331 mn EUR. Revenues were 3% lower than in the previous year, compared with the existing core operating activities.

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 4.677 mn EUR and therefore improved by 135% compared to the previous year.

Earnings before interest and taxes (EBIT), generated by UET Group, increased by 2.203 mn EUR to 1.116 mn EUR.

Due to expenses for interests earnings from ordinary operating activities still remained negative but improved from -3.176 mn EUR to -0.522 mn EUR.

Cash Flow from operating activities increased from -0.812 mn EUR in the previous year to 2.759 mn EUR in 2013. Cash and cash equivalents in the group amounted to 1.453 mn EUR as of December 31st, 2013.

The annual stockholder’s meeting is scheduled for May 28th, 2014 in Eschborn. The invitation including its agenda was already released.

The annual accounts and the annual group accounts 2013 (German version only) will be released on the company’s website (http://www.uet-group.com) under Investor Relations/ Financial Reports. 

The invitation including its agenda for the annual stockholder’s meeting will be made available for download from the company’s website under Investor Relations/ Annual Meeting.