UET United Electronic Technology AG releases financial results for fiscal year 2012 for operating companies

• ELCON and suconi improved their operating income
• Letron’s and NewTal’s operating results declined due to difficult solarmarket
• UET’s annual report for 2012 will be released on June 30th 2013

UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, presents financial results for its electronic group companies for fiscal year 2012. 

ELCON generated a sales volume of EUR 30.4 million in 2012 which roughly equals those of the previous year. ELCON’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts EUR to 3.871 million and thus increased by EUR 289k.

As a result of the regressive solar market Letron’s sales volume declined from EUR 15.3 million in 2011 to 11.2 million in 2012. Letron’s EBITDA went down from EUR -173k in 2011 to EUR -755k in 2012. In addition a restructuring charge in the amount of EUR 754k has been booked on top of the operating result.

NewTal, which is also part of the MANUFACTURING branch of the Electronic Group, generated a sales volume of EUR 9.3 million in 2012 (EUR 10.7 in 2011). NewTal’s EBITDA declined from EUR 370k in 2011 to -415k in 2012.

Suconi showed a positive development in 2012 and generated a sales volume of EUR 1.58 million which reflects an increase of 57 % compared to the previous year. Although constantly expanding and investing, Suconi’s EBITDA improved from EUR -253k in 2011 to EUR -27k 2012.

In accordance with the general terms and conditions for the Entry Standard of the Frankfurt Stock Exchange UET’s annual report for 2012 will be released on June 30th 2013. The audits of the annual accounts for the operating companies of the Electronic Group are already completed. The annual general meeting, initially planned for June 2013, will be held in August 2013. The exact date will be released shortly in our financial calendar on our webpage in the investor relations section.