EQS-News: UET United Electronic Technology AG / Keywords: preliminary results / annual results
United Electronic Technology (UET) AG Publishes Selected Preliminary Financial Data for Fiscal Year 2022
12.01.2023 / 09:49 CET / CET
The issuer is solely responsible for the content of this announcement.
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Fiscal 2022 revenue up 17% to €49 million
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Order intake and order backlog at €52.5 million, the highest level since 2010
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Positive EBIT in 2022 after improved performance in the second half
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Double-digit growth planned for 2023
United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, Germany, has published selected and preliminary figures for the 2022 fiscal year.
In fiscal 2022, revenue rose 17%, exceeding the set sales target. Group consolidated sales rose to approximately EUR 49 million (previous year: EUR 41,723 million).
In order to increase the resilience of its own supply chain, UET Group invested 4 million euros in supply chain resilience projects in 2022. These product development and customization costs are all incurred.
Results from the project led to a doubling of production in the fourth quarter compared to the previous three quarters.
The established goal of achieving positive operating EBIT for the full year of 2022 has been achieved. Earnings before interest and taxes (EBIT) in the first half of 2022 remain at -1.857 million euros. Growth and improved profitability in the second half of the year resulted in a positive overall result.
Orders will increase again in the second half of 2022. The order backlog at the end of the year was EUR 52.5 million, compared to EUR 43 million at the end of June 2022. This is the highest order backlog since 2010.
By 2023, UET Group plans to achieve double-digit growth and positive growth results.
The challenges of sourcing components and the risk of supply chain disruption will exist and persist through 2023.
More detailed data is scheduled to be released in March 2023. The UET Group Annual Report 2022 will be published by the end of June 2023.
About UET United Electronic Technology Co., Ltd.
UET United Electronic Technology AG is an international technology supplier and network equipment supplier headquartered in Eschborn near Frankfurt. UET Group and its companies support the construction and operation of high-performance gigabit networks with energy efficiency, sustainability and cybersecurity as key elements. Systems and services are used by customers such as Deutsche Telekom, Orange, Telecom Italia, A1 Telekom Austria and América Móvil. UET Group is the only international systems provider for critical communications infrastructure with European R&D, production and supply chain and headquartered in Germany. Listed on the German stock exchange since 2006, the UET Group employs 250 people in 8 countries and generates revenues of around EUR 49 million by 2022 with a growth rate of 17%.
touch:
UET United Electronic Technology Co., Ltd.
D-65760 Eschborn, Frankfurter Strasse 80-82
Sebastian Schubert – Investor Relations
Tel: + 49 (0) 6196 7777550
E-mail: investor@uet-group.com
touch:
UET United Electronic Technology Co., Ltd.
Tel: +49 6196 7777550
Fax: +49 6196 7777559
E-mail: investor@uet-group.com
January 12, 2023 CET/CEST disseminates corporate news, disseminated by EQS News – a service of the EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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