11 May 2021
- Group revenues up by 47% to EUR 5.0 million (prev. year: EUR 3.4 million)
- EBITDA increases to EUR 0.6 million (prev. year: EUR 0.5 million)
- Order backlog rises by 39.5% to EUR 11.3 million in first quarter of 2021
United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded Group revenue of EUR 5.0 million (prev. year: EUR 3.4 million) in the first three months of 2021. This corresponds to revenue growth of 47%.
The expansion in revenues was attributable to an increase in shipments at the end of the first quarter following the resumption of incoming goods processing by several key accounts.
Group earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to EUR 0.6 million (prev. year: EUR 0.5 million), which corresponds to an EBITDA margin of 11.1%. EBIT was up at EUR 0.5 million (prev. year: EUR 0.4 million) and consolidated profit stood at EUR 0.4 million (prev. year: EUR 0.3 million), which corresponds to a return on sales of 7.9%.
Overall, all operating subsidiaries recorded positive bottom-line results for the quarter.
Order backlog was up by 39.5% at EUR 11.3 million as at 31 March 2021 (prev. year: EUR 8.1 million).
This is attributable to more extensive orders from retail partners whose sales have been less severely impacted by the coronavirus pandemic. It should be noted that throughout the quarter, inventories of pre-financed goods increased significantly, as numerous shipments from trade customers were postponed to the following quarters. However, the scale of deliveries will depend to a large extent on developments relating to the coronavirus pandemic and the prompt and full re-opening of retail outlets in order to rapidly reduce the backlog in supply.
The complete report for the first three months, including further details, will be available in May:
United Labels 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, discount and online retail.
UNITED LABELS AG - Investor Relations -
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-999
United Labels AG
|Contact Person:||Investor Relations|
|Phone:||+49 251 3221-0|
|Stock Exchange(s):||Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate|