Ad hoc: United Labels AG: Revenue and earnings growth in first quarter

Ad hoc announcement by United Labels AG dated 14 May 2019
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

United Labels AG: Revenue and earnings growth in first quarter

Münster, 14 May 2019. United Labels AG saw Group revenue expand by 7.9% to € 7.1 million (prev. year: € 6.6 million) in the first three months of 2019. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased at a disproportionately fast rate of 38.5% to € 0.9 million (prev. year: € 0.7 million). EBIT rose by 16.8% to € 632 thousand (prev. year: € 541 thousand). Post-tax profit for the Group improved by 31.1% to € 316 thousand in the first three months of the current financial year (prev. year: € 241 thousand). 

Net cash from operating activities amounted to €1.2 million, compared with €1.5 million in the same period a year ago.

Revenue growth was particularly prominent in Germany, where it rose by 30.6%. The Special Retail segment serves existing and new trading partners with merchandise based on "Playmobil", "Pummeleinhorn", "Gruffalo" and "Ralph Ruthe" themes. Within the Key Account segment demand is centred around classic brands such as "Snoopy", "Batman", "Hello Kitty" and "Peppa Pig". Additionally, the first collections featuring "Pummel & Friends", "Rabe Socke" and "Harry Potter" will be introduced to retailers in the second half of the year. In total, the company's brand portfolio currently consists of around 40 brands from the Media/Entertainment/Gaming category, directed at a wide range of target groups and sales channels. Alongside the extension of its brand portfolio, the company is also gradually expanding its team of sales personnel.

In addition to supplying goods to retail partners via a B2B shop, the Group markets selected product lines to end consumers through the proprietary online stores of Elfen Service GmbH.

Overall, the growth target for Group revenue in the 2019 financial year stands at 2% - 7%. Based on current projections, EBIT is expected to lie between € 1.7 million and € 2.5 million in 2019. Above all, the company will be looking to evolve its specialist retailing and e-commerce business in strategic terms for the purpose of achieving its earnings targets. 

The report issued by United Labels AG for the first three months of 2019 can be downloaded from the company's website in the coming days:

 

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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