Muenster (pta028/16.10.2020/12:10) - Ad hoc announcement by United Labels AG dated 16 October 2020
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC
- Group revenue totals EUR 8.8 million (prev. year: EUR 10.3 million)
- EBITDA amounts to EUR 1.1 million (prev. year: EUR 1.6 million)
- Order backlog rises by 16.5% to EUR 12.7 million
United Labels AG recorded Group revenue of EUR 8.8 million (prev. year: EUR 10.3 million from continuing operations and including exceptional effects) in the first nine months of 2020.
The downturn in revenue is 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 COVID-19 pandemic. There were no cases of order cancellations.
Consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to EUR 1.1 million (prev. year: EUR 1.6 million from continuing operations), while EBIT totalled EUR 0.9 million (prev. year: EUR 1.4 million from continuing operations) and Group profit for the quarter stood at EUR 0.6 million (prev. year: EUR 0.9 million from continuing operations).
All operating subsidiaries achieved a positive performance in the first nine months of the current financial year.
Order backlog was up by 16.5% at EUR 12.7 million as at 30 September 2020 (prev. year: EUR 10.9 million).
This is attributable to more extensive orders from retail partners whose sales have been less severely impacted by the COVID-19 pandemic.
The company is monitoring the effects of the COVID-19 pandemic very closely and has implemented appropriate measures in the various areas of its business.
Based on the latest cautious estimates, the company expects revenue for the current 2020 financial year to be slightly above or at the previous year's level (continuing operations) and EBIT to be in positive territory. Against the backdrop of the challenging conditions as a whole, the company is confident with regard to the bottom-line result anticipated for the full annual period. This does not include possible effects in the coming fourth quarter on the procurement and/or sales side due to disruptions associated with COVID-19.
The complete report for the first nine months, including further details, will be available in the coming weeks:
UNITED LABELS AG - Investor Relations -
Gildenstraße 6, 48157 Muenster, 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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