Ad hoc: United Labels AG: improved earnings in first quarter

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Ad hoc announcement by United Labels AG dated 27 April 2017
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

 

United Labels AG: Improved earnings in first quarter

 

  • Group revenue stands at €7.0 million after first quarter
  • More than 500 new specialty retailers join customer base
  • New airport store to open in Madrid in October

 

Münster, 27 April 2017. United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded Group revenue of €7.0 million (prev. year: €9.3 million) in the first three months of 2017.

Benefiting from growth in high-margin Special Retail sales together with a contraction in Key Account business, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to €0.7 million (prev. year: €0.5 million).  Earnings before interest and taxes (EBIT) increased to €0.5 million (prev. year:  €0.3 million). Post-tax profit for the Group improved to €0.2 million (prev. year: €0.1 million).

 

Order backlog at the end of the quarter was €6.4 million at Group level and mainly includes orders within the Key Account segment; orders attributable to the Special Retail segment are serviced primarily from stock and merchandise within this area can be dispatched shortly after orders have been placed by customers.

 

In Germany, in particular, business within the Special Retail segment received a significant boost from sales relating to "Diddl" and "Pummeleinhorn" merchandise. In this segment, the company added more than 500 retailers to its customer base in the first quarter, as a result of which the total number of retail outlets stocking the company's merchandise is now in excess of 900. Alongside a number of individual stores, the company also managed to attract several retail chains specialising in books, giftware and toys. Retailers are offered a steady stream of new products relating to both collections, supported by extensive social media campaigns. The company also plans to distribute licensed merchandise within these two areas in Austria and Switzerland. As United Labels AG has acquired licence rights for all EU states, it will be looking to expand its business further in this field in the very near future.

In addition to operating a b2b shop for retail partners, the company sells "Diddlmaus" merchandise to end consumers via the proprietary online store "diddl-shopping.de", while "Pummeleinhorn" products are marketed through "Elfen.de".

 

As regards the company's airport shops, it is planning to open an additional FC Barcelona Store at Madrid Airport in October 2017. This will take the total to four FC Barcelona Fan Stores at airports in Barcelona and Madrid.

 

Overall, the growth target for Group revenue in the 2017 financial year stands at 2%-7%. Based on current projections, EBIT is expected to lie between €1.7 million and €2.7 million in 2017.

 

The report issued by United Labels AG for the first three months of 2017 can be downloaded from the company's website in the coming days:
http://www.unitedlabels.com/investor-relations/finanzberichte

 

Further information:
United Labels AG – Investor Relations -
Fabian Aulke, Director Finance, Gildenstraße 6, 48157 Münster                                                                                

Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960
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