Corporate News: United Labels expects strong second half-year

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Corporate News 21.08.2023 United Labels AG
ISIN: DE 0005489561

 

United Labels expects strong second half-year

 

Muenster, 21.08.2023. United Labels AG (ISIN: DE 0005489561), one of Europe's leading brand manufacturers in the media/entertainment sector, expects a strong second half-year in the 2023 fiscal year and thus an improvement on the previous year's results.

 

In the first six months of the 2023 financial year, United Labels generated consolidated sales of EUR 13.3 million (previous year: EUR 14.4 million). The slight decline in sales resulted from the distribution of customer promotions before and after the reporting date. This shift in orders led to a decline in Group earnings before interest, taxes, depreciation and amortisation (EBITDA) by EUR 0.5 million to EUR 1.1 million. Earnings before interest and taxes (EBIT) amounted to EUR 1.0 million (previous year: EUR 1.5 million), while Group net profit was EUR 0.6 million (previous year: EUR 1.2 million), which corresponds to a return on sales of 4.7%.

 

The order backlog as of 30 June 2023 amounted to EUR 10.4 million (previous year: EUR 14.1 million), whereby numerous customer orders are not expected until the third quarter, compared to previous years. Despite this postponement of orders, the company still expects growth in sales and earnings in 2023 as a whole. In the 2022 financial year, United Labels achieved sales of EUR 22.3 milion and EBITDA of EUR 1.1 million.

 

Peter Boder, CEO of United Labels AG, is optimistic: "I am convinced that we have a strong second half of the year ahead of us. This is already becoming apparent. Therefore, I am confident that we will exceed the previous year's figures for sales and earnings in the full year 2023."

 

About United Labels:

 

United Labels AG is a listed medium-sized family-owned company and listed in the Prime Standard. With over 40 licensing agreements, United Labels develops, produces and distributes clothing, home textiles and gift articles with brands such as Paw Patrol, Peppa Pig, Snoopy and Harry Potter. As one of Germany's leading brand manufacturers in the media/entertainment sector, partners of the independent company include globally important media & entertainment companies as well as well-known retail partners from the areas of chain stores, specialist retailers, discounters and online retail.

 

Contact:

 

UNITED LABELS AG, Gildenstraße 6, 48157 Muenster, Germany, www.unitedlabels.com

 

Investor Relations & Financial Media:

 

Meister Consulting GmbH, Tobias Meister, phone +49 (0) 2983 908121, mobile +49 (0) 170 2939080, This email address is being protected from spambots. You need JavaScript enabled to view it.