Ad hoc: United Labels AG: solid order book in first quarter despite coronavirus pandemic

Ad-hoc-Announcement by United Labels AG dated 26 May 2020
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

 

United Labels AG: solid order book in first quarter despite coronavirus pandemic

 

 

Münster, 26/05/2020. United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded Group revenue of €3.4 million (prev. year: €4.3 million) in the first three months of 2020.

The downturn in revenue was due to post-reporting-date scheduling arrangements for Key Account shipments, as planned, in addition to isolated postponements of deliveries. There were no cases of order cancellations.

 

Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €0.5 million (prev. year: €0.8 million), while EBIT totalled €0.4 million (prev. year: €0.7 million) and Group profit for the quarter stood at €0.3 million (prev. year: €0.5 million).

All revenue and earnings figures relate to continuing operations following the closure of the Spanish subsidiary in December 2019.

 

Order backlog was up by 84% at €8.1 million as at 31 March 2020 (prev. year: €4.4 million).

Due to consistently solid order intake, including orders placed in recent weeks, the order backlog doubled year on year at the beginning of May to €8.8 million (prev. year: €4.4 million). This is attributable to more extensive orders from retail partners, whose sales have been less severely impacted by the coronavirus pandemic.

 

The company is monitoring the effects of the coronavirus pandemic very closely and has initiated appropriate measures in the various areas of its business.

Based on the latest cautious estimates, the company expects growth in revenue and earnings for the current 2020 financial year. However, due to considerable and persistent uncertainties, it is not possible to make a more precise forecast at present.

A decision will be made in the coming weeks as to when and in what form this year's Annual General Meeting can take place.

 

The complete quarterly report, including further details, also with regard to the possible effects of the coronavirus pandemic, will be made available at the end of May at:

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

 

Further information:
United Labels AG - Investor Relations
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960
This email address is being protected from spambots. You need JavaScript enabled to view it.