Ad-hoc: United Labels AG: Preliminary results for FY 2021

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Ad-hoc-Announcement by United Labels AG dated 22 March 2022
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

 

United Labels AG: Preliminary results for FY 2021

 

United Labels records strong revenue growth and marked increase in order backlog

 

  • Group revenue up by 36% to €18.0 million (prev. year: €13.2 million)
  • Order backlog up by 62% to €17.0 million (prev. year: €10.5 million)
  • Significant growth also expected for 2022

 

Muenster, 22 March 2022. United Labels AG (ISIN: DE 0005489561, WKN: 548956) saw Group revenue expand by a significant 36% to €18.0 million in the 2021 financial year just ended. Revenue growth was driven by more expansive sales in the Key Account segment.

Despite adverse effects relating to the supply chain as a whole, particularly a severe hike in freight costs for the procurement of goods, the Group's gross profit margin stood at 24.6% (prev. year: 35.9%). As a result, consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to €0.3 million (prev. year: €1.5 million).

 

In the separate financial statements of the AG, i.e. the parent company, profit for the year rose to €1.1 million (prev. year: €0.5 million) due to distributions of profits from various subsidiaries. Thus, the equity ratio at the parent company increased to 24.7% (prev. year: 19.7%).

 

Once again, all operating companies within the Group recorded a profit in the 2021 financial year.

 

The order backlog as at 31 December 2021 increased by 62% to €17.0 million (prev. year: €10.5 million); in March of the current 2022 financial year it rose further to a total of €19.9 million.

 

Overall, revenue performance exceeded the company's expectations. Due to the covid-19 pandemic, the entire financial year just ended was dominated by considerable supply- and demand-side uncertainties. They were overcome only with the help of rigorous and flexible management. Against this background, the management considers the direction taken by revenue, earnings and orders at United Labels AG to be very favourable.

 

The company's plans for the current 2022 financial year include an expansion of its brand portfolios and its end consumer business, particularly within the area of online trading. At present, the company anticipates an increase in revenue and higher operating profit for the current financial year.

 

The full annual financial statements and further details, are to be published in March/April 2022 as part of the annual report:

https://www.unitedlabels.com/en/investor-relations/financial-reports/

 

United Labels AG is an exchange-listed, family-run SME and one of Europe's leading manufacturers of branded goods in the Media/Entertainment segment. As an independent enterprise, it has established business partnerships with world's key media and entertainment companies as well as with major retailers operating within the chain store, specialist retail, discount and online markets.

 

Further information:
United Labels AG - Investor Relations
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960
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