United Labels AG: Revenue and earnings growth in first quarter
Ad hoc announcement by United Labels AG dated 14 May 2019ISIN: DE 0005489561, WKN: 548956, Ticker: ULCUnited Labels AG: Revenue and earnings growth in first quarter
- Group revenue up by 7.9% to EUR 7.1 million after first quarter
- EBITDA rises by a significant 38.5% to EUR 0.9 million
- Group profit improves by 31.1% to EUR 316 thousand
Münster, 14 May 2019. United Labels AG saw Group revenue expand by 7.9% to EUR 7.1 million (prev. year: EUR 6.6 million) in the first three months of 2019. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased at a disproportionately fast rate of 38.5% to EUR 0.9 million (prev. year: EUR 0.7 million). EBIT rose by 16.8% to EUR 632 thousand (prev. year: EUR 541 thousand). Post-tax profit for the Group improved by 31.1% to EUR 316 thousand in the first three months of the current financial year (prev. year: EUR 241 thousand).
Net cash from operating activities amounted to EUR1.2 million, compared with EUR1.5 million in the same period a year ago.
Revenue growth was particularly prominent in Germany, where it rose by 30.6%. The Special Retail segment serves existing and new trading partners with merchandise based on "Playmobil", "Pummeleinhorn", "Gruffalo" and "Ralph Ruthe" themes. Within the Key Account segment demand is centred around classic brands such as "Snoopy", "Batman", "Hello Kitty" and "Peppa Pig". Additionally, the first collections featuring "Pummel & Friends", "Rabe Socke" and "Harry Potter" will be introduced to retailers in the second half of the year. In total, the company's brand portfolio currently consists of around 40 brands from the Media/Entertainment/Gaming category, directed at a wide range of target groups and sales channels. Alongside the extension of its brand portfolio, the company is also gradually expanding its team of sales personnel. In addition to supplying goods to retail partners via a B2B shop, the Group markets selected product lines to end consumers through the proprietary online stores of Elfen Service GmbH.
Overall, the growth target for Group revenue in the 2019 financial year stands at 2% - 7%. Based on current projections, EBIT is expected to lie between EUR 1.7 million and EUR 2.5 million in 2019. Above all, the company will be looking to evolve its specialist retailing and e-commerce business in strategic terms for the purpose of achieving its earnings targets.
The report issued by United Labels AG for the first three months of 2019 can be downloaded from the company's website in the coming days:
Further information: United Labels AG - Investor Relations - Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) firstname.lastname@example.org
14-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: United Labels AG Gildenstr. 6 48157 Münster
Germany Phone: +49 (0)25 132 21-0 Fax: +49 (0)25 132 21-999 E-mail: email@example.com Internet: www.unitedlabels.com ISIN: DE0005489561 WKN: 548956 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 810823 End of Announcement DGAP News Service
810823 14-May-2019 CET/CEST