Ad-hoc: United Labels AG: 6-month report - Order book remains solid in second quarter despite coronavirus pandemic

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Ad-hoc-Announcement by United Labels AG dated 28 July 2020
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

 

United Labels AG: 6-month report - Order book remains solid in second quarter despite coronavirus pandemic

 

  • Group revenue totals EUR 5.6 million (prev. year: EUR 7.0 million)
  • EBITDA amounts to EUR 0.7 million (prev. year: EUR 1.1 million)
  • Order backlog rises by 16% to EUR 8.2 million in first half of 2020

 

Muenster, 28 July 2020. United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded Group revenue of EUR 5.6 million (prev. year: EUR 7.0 million) in the first six 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 to subsequent quarters due to the coronavirus pandemic. There were no cases of order cancellations.

 

Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 0.7 million (prev. year: EUR 1.1 million), while EBIT totalled EUR 0.6 million (prev. year: EUR 1.0 million) and Group profit for the six month stood at EUR 0.4 million (prev. year: EUR 0.6 million).

All operating subsidiaries achieved a positive result in the first six months of the current financial year.

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

 

The operating cash flow was up at EUR 1.1 million (prev. year: EUR 0.1 million).

 

Order backlog was up by 16% at EUR 8.2 million as at 30 June 2020 (prev. year: EUR 7.1 million).

This is attributable to more extensive orders from retail partners whose sales have been less severely impacted by the coronavirus pandemic. However, a substantial number of orders had not yet been received at the reporting date, also due to corona. The outcome of outstanding tenders is expected to be known in the coming weeks.

 

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 continues to anticipate growth in revenue and earnings for the current 2020 financial year. However, due to considerable and persistent supply- and demand-side uncertainties, it is not possible to make a more precise forecast at present.

This year's Annual General Meeting scheduled for July will now take place online on 23 October 2020.

 

The complete 6-month-report, including further details, will be available in the coming days:

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
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