UET United Electronic Technology AG releases consolidated financial report for first half of fiscal year 2016

Consolidated revenues of 33.617 mn EUR

EBITDA for the group positive with 0.233 mn EUR

EBIT for the UET Group is -0.965 mn EUR

Operating cash flow amounted to 1.368 mn EUR

Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides their consolidated financial figures for the first half of the fiscal year from January 1st to June 30th 2016.

In the first half of the fiscal year 2016, UET generated consolidated revenues of 33.617 mn EUR. This represents growth of 0.988 mn EUR or 3% compared with the same period of the previous year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) were positive, totaled 0.233 mn EUR and were 1.687 mn EUR below the prior year's result. EBIT (earnings before interest and taxes) amounted to -0.965 mn EUR (previous year: 0.911 mn EUR).

Earnings of ordinary operating activities totaled -1.328 mn EUR in the first half of 2016, in comparison with 0.243 mn EUR last year.

The consolidated result of the first half of the fiscal year 2016 was -1.294 mn EUR. The result of the first half of last year was 2.077 mn EUR, including extraordinary income of 1.800 mn EUR.

The operating cash flow was positive and amounted to 1.368 mn EUR (previous year: 0.291 mn EUR). On June 30th 2015, the liquid assets of the UET Group amounted to approx. 0.911 mn EUR.

More financial data and general information can be found in the full report for the first half of the fiscal year 2016 (German version only), which is now available for download on the company website (http://www.uet-group.com) under Investor Relations/ Financial Reports.

Contact:

UET United Electronic Technology AG

Frankfurter Stra e 80-82

D-65760 Eschborn

Sebastian Schubert

Investor Relations

Tel: 49 (0) 6196 777755-0

E-Mail: investor@uet-group.com

LINK:	https://www.aconnic.com/ir-news-2016-09-15/...
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