UET United: Special effect brings profit decline

UET United Electronic Technology released figures for 2019 on Tuesday. The company reports an increase in sales from 39 million euros to 46.5 million euros. “The growth is primarily based on the SYSTEMS business area and the core area of ​​Networks – the Managed Supply area was also increased,” said UET. Before interest and taxes, the company reports a decrease in profits from 4.57 million euros to 3.62 million euros, however based on a one-time special effect of 2.13 million euros, which had a positive impact on profits in 2018. The earnings per share of UET United Electronic Technology fell from EUR 0.29 to EUR 0.23 in 2019.

“At the end of the 2019 financial year, the Group’s cash and cash equivalents were EUR 4.036 million compared to EUR 0.585 million in the previous year,” the company continued. The 2020 Annual General Meeting is scheduled for August 28, 2020 in Eschborn.

At a glance – chart and news: UET United Electronic Technology AG

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