United Labels AG: preliminary results for FY 2023

EQS-Ad-hoc: United Labels AG / Key word(s): Annual Results
United Labels AG: preliminary results for FY 2023

08-Apr-2024 / 18:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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United Labels exceeds expectations in sales and earnings

  * Group sales increase by 11% to EUR 24.8 million (previous year: EUR 22.3
    million)

* EBIT increases by 25% to EUR 1.0 million (previous year: EUR 0.8 million)

* Further growth also expected for 2024

Muenster, 08.04.2024. According to the preliminary figures available today,
United Labels AG (ISIN: DE 0005489561, WKN: 548956) significantly increased
its consolidated sales by 11% to EUR 24.8 million in the past financial year
2023. This sales growth was due to increased revenue in the Key Account
segment, which grew by 9%. Sales in the Special Retail segment improved by
31%. Sales in the e-commerce business included in this segment even rose by
57%, which means that this area developed the greatest growth potential for
the company, as expected.

Due to slightly higher freight costs in the procurement of goods, the gross
profit margin totaled 27.3% (previous year: 28.6%). Overall, consolidated
earnings before interests, taxes, depreciations and amortisations (EBITDA)
rose to EUR 1.3 million (previous year: EUR 1.1 million), EBIT increased by 25%
to EUR 1.0 million (previous year: EUR 0.8 million) and net profit for the year
rose by 50% to EUR 0.6 million (previous year: EUR 0.4 million).

All of the Group's operating companies closed the 2023 financial year with a
positive net profit. The order backlog as at the reporting date of 31
December 2023 amounted to EUR 10.7 million (previous year: EUR 14.0 million) and
is therefore also at a good level.
Overall, the company's sales and earnings performance in the past financial
year exceeded expectations, which had envisaged only a moderate improvement
in sales and earnings.

For the current financial year 2024, the company plans to expand its Key
Account business and brand ranges, as well as its own e-commerce business in
particular. The Executive Board is therefore also forecasting further sales
growth and an increase in the operating result for the current 2024
financial year.

The full annual financial statements and further explanations will be
published with the annual report in April 2024 at:
https://www.unitedlabels.com/en/investor-relations/financial-reports/

Contact:
United Labels AG, Gildenstr. 6, 48157 Muenster, Phone: +49 251-3221-0,
www.unitedlabels.com

Investor Relations & Financial Media:
Meister Consulting GmbH, Tobias Meister, Phone +49 2983 908121, Mobile +49
170 2939080, meister@meisterconsult.com


End of Inside Information

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   Language:       English
   Company:        United Labels AG
                   Gildenstr. 6
                   48157 Münster
                   Germany
   Phone:          +49 (0)25 132 21-0
   E-mail:         info@unitedlabels.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:    1875777

End of Announcement EQS News Service
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1875777 08-Apr-2024 CET/CEST