DGAP-Adhoc: United Labels AG: Preliminary results for FY 2018

DGAP-Ad-hoc: United Labels AG / Key word(s): Preliminary Results

United Labels AG: Preliminary results for FY 2018

22-Feb-2019 / 12:02 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Positive trend and sustained surge in earnings

- Group sales at EUR25.9 million

- Group profit for the year up by 51% to EUR0.6 million

- New merchandising themes produce steady growth in Special Retail segment

Münster, 22 February 2019. United Labels AG (ISIN: DE 0005489561, WKN: 548956) recorded consolidated revenue of EUR25.9 million (prev. year: EUR30.3 million) in the 2018 financial year.

While revenue generated from sales to discount retailers was scaled back as planned, the share of revenue attributable to the high-margin Special Retail segment expanded. As a result, the gross profit margin improved by a further 2.2 percentage points to 37.6% in the 2018 financial year (prev. year: 35.4%).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled EUR2.2 million (prev. year: EUR2.6 million). Earnings before interest and taxes (EBIT) amounted to EUR1.8 million (prev. year: EUR1.9 million) and was thus within the guidance range for earnings announced at the beginning of the financial year.

Group profit for the financial year improved by 51% to EUR0.6 million (prev. year: EUR0.4 million).

Despite an increase in capital by 10% (630,000 new shares) in December 2018, earnings per share rose to EUR0.43 (prev. year: EUR0.27). The Group's equity ratio also improved, up by 11.7% (prev. year: 4.6%), while that of the parent (AG) increased to 28.7% (prev. year: 23.6%).

All operating subsidiaries within the Group recorded a profit in fiscal 2018.

Order backlog was up by 37% at EUR7.1 million as at 31 December 2018 (prev. year: EUR5.2 million).
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