Münster (pta032/26.05.2020/10:30) - 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
- Group revenue totals Eur 3.4 million (prev. year: Eur 4.3 million)
- EBITDA amounts to Eur 0.5 million (prev. year: Eur 0.8 million)
- Order backlog rises by 84% to Eur 8.1 million in first quarter of 2020
Münster, 26/05/2020. United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded Group revenue of Eur 3.4 million (prev. year: Eur 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 Eur 0.5 million (prev. year: Eur 0.8 million), while EBIT totalled Eur 0.4 million (prev. year: Eur 0.7 million) and Group profit for the quarter stood at Eur 0.3 million (prev. year: Eur 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 Eur 8.1 million as at 31 March 2020 (prev. year: Eur 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 Eur8.8 million (prev. year: Eur 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:
UNITED LABELS AG - Investor Relations -
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-999
|emitter:||United Labels AG|
|contact person:||Investor Relations|
|phone:||+49 251 3221-0|
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