Ad hoc announcement by United Labels AG dated 3 March 2020
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC
United Labels AG: Preliminary results for FY 2019
Revenue and earnings impacted by Spanish subsidiary
Order intake up in Germany
- Group revenue at Eur 21.1 million (prev. year: Eur25.9 million)
- EBIT totals Eur -0.7 million (prev. year: Eur1.8 million)
- Order backlog in continuing operations up by 29% to Eur 8.0 million
Münster, 3 March 2020. United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded consolidated revenue of Eur 21.1 million (prev. year: Eur 25.9 million) in the 2019 financial year.
The downturn in revenue was attributable to the discontinuation of the Spanish subsidiary, which saw a reduction in revenue by Eur 6.1 million to Eur 7.6 million (prev. year: Eur 13.7 million); revenue gains recorded by the other entities were not substantial enough to fully offset the decline.
Due to the situation at the Spanish company as well as higher Key Account sales, the gross profit margin stood at 21.4% (prev. year: 37.6%).
Group earnings before interest, taxes, depreciation, and amortization (EBITDA) totalled Eur 2.5 million (prev. year: Eur 2.2 million) and EBIT amounted to Eur -0.7 million (prev. year:
Eur 1.8 million), with both financial indicators having been impacted by exceptional factors.
With the exception of the discontinued entity United Labels Iberica, all operational subsidiaries within the Group recorded a profit in the 2019 financial year.
Order backlog was up by 12.7% at Eur 8.0 million as at 31 December 2019 (prev. year: Eur 7.1 million). In continuing operations (excluding Spain), the gain in order backlog was 29% (prev. year: Eur 6.2 million excluding Spain).
Further new merchandise themes are planned for 2020, in addition to an expansion of existing branded product ranges. As early as April, the company will be dispatching its first shipments relating to the new "ACDC" and "KISS" music brands. For the second half of the year, a broad product range is planned for the new themes "Baby Shark" and "Grummeleinhorn".
The complete financial statements including the annual results, the presentation of continuing operations and exceptional items, the forecast for 2020, and further explanations will be provided with the publication of the annual report at the end of April.
UNITEDLABELS AG is an exchange-listed, family-run SME and one of Europe's leading manufacturers of branded goods in the Media/Entertainment segment. As an independent enterprise, it has established business partnerships with the world's key media and entertainment companies as well as with major retailers operating within the chain store, specialist retail and discount markets.
United Labels AG - Investor Relations -
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960
United Labels AG
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