EQS-News: UET United Electronic Innovation AG/ Keyword(s): Initial Results/Annual Outcomes
United Electronic Technology (UET) AG publishes picked, preliminary monetary figures for 2022
12.01.2023/ 09:49 CET/CEST
The company is entirely accountable for the material of this announcement.Revenues in fiscal year 2022 up 17%
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to 49 mn EUR Order intake and order stockpile at greatest level considering that
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2010 at 52.5 mn EUR Positive EBIT for 2022 following enhanced second-half results Double-digit growth prepared for 2023 UnitedElectronic Innovation(UET)AG(ISIN: DE000A0LBKW6), Eschborn, Germany,
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reveals selected and preliminary figures for the 2022. In the fiscal year 2022, revenues grew by 17% outperforming the set sales target. Consolidated group sales increased to about EUR 49 million(previous year: EUR 41.723 million). To increase the strength of the own supply chain, the UET Group invested EUR 4 million in a supply chain strength task in 2022. These product advancement and modification costs were fully expensed.The results of this project led to a doubling of the production volume in the fourth quarter compared to the three previous quarters.The set objective of a positive operating EBIT for the complete year 2022 was
accomplished. In the first half of 2022 revenues prior to interest and taxes(EBIT)still amounted to EUR -1.857 million. Development and increased success in the 2nd half of the year resulted in a positive total result.Order intake increased once again in the second half of 2022. At the end of the year, the order backlog is EUR 52.5 million compared with EUR 43 million at the end of June 2022. This is the greatest order stockpile considering that 2010. For 2023, the UET Group prepares double-digit growth and a favorable, increased result.Challenges in sourcing elements and the danger of supply chain disturbances will exist and remain in 2023. The publication of more in-depth figures is set up for March 2023.
The 2022 yearly report of the UET Group will be released by the end of June 2023.
About UET United Electronic Innovation AG The UET United Electronic Technology AG is a global innovation provider and network equipment supplier based in Eschborn near Frankfurt. The UET Group and its business make it possible for the construction and operation of high-performance gigabit
networks with the crucial elements of energy performance,
sustainability and network security. Systems and services are used by clients such as Deutsche Telekom, Orange, Telecom Italia, A1 Telekom Austria and América Móvil. The UET Group is the only global system provider for critical communications facilities with European research, advancement, production and supply chain and headquarters in Germany. The UET Group has been noted on the German Stock Exchange given that 2006, with 250 employees in eight nations producing incomes of around 49 mn EUR in 2022, with development of 17 percent. Contact: UET United Electronic Innovation AG D-65760 Eschborn, Frankfurter Strasse 80-82 Sebastian Schubert -Financier Relations Tel:+49(0) 6196 7777550 E-mail: [email protected]!.?.! Contact: UET United Electronic Innovation AG Phone: +49 6196 7777550 Fax: +49 6196 7777559 e-mail: [email protected]!.?.!12.01.2023 CET/CEST Dissemination of a Corporate News, sent by EQS News-a service of EQS Group AG.The issuer is entirely responsible for the material of
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