aconnic AG (former UET AG) generates revenues growth for the first quarter
2024

EQS-News: aconnic AG / Key word(s): Quarterly / Interim
Statement/Miscellaneous
aconnic AG (former UET AG) generates revenues growth for the first quarter
2024

14.06.2024 / 09:44 CET/CEST
The issuer is solely responsible for the content of this announcement.

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* Net Sales increase by 13% to 17.0 mn EUR

* Operating Earnings before Interest and Taxes (EBIT) of 0.5 mn EUR

* Order Backlog increases to 35.3 mn EUR

aconnic AG (ISIN: DE000A0LBKW6), Munich, achieved a revenue growth of 13%
for the first quarter of the financial year 2024 compared with the same
period 2023. Net Sales for the supply of systems, software and service for
the buildup of communication networks increased in the first quarter to
17.021 mn EUR compared with 15.123 mn EUR in the same period 2023. This
represents an increase of 13%.

With rising costs for personnel expenses and raw materials, aconnic
generated a consolidated operating result before interest and taxes (EBIT)
of EUR 0.480 mn. The result is in line with expectations (previous year: EUR
0.911 mn).

The order backlog as of March 31, 2024 increased to a total of EUR 35.3 mn,
compared to EUR 32.6 mn at the end of December 2023.

Overall, demand and growth in Europe for the Communication Networks division
has decreased after the strong year of 2023. aconnic is currently investing
in the development of new 10 Gigabit systems whose range of functions is
controlled by various software licensing on a hardware platform. Another
investment is the development of 100 Gigabit systems for data centers and
mobile networks. Both product families will be available at the end of 2024.

In the new division Carbon Capturing & Bio-Energy the first revenues were
generated as planned and investments were made in the development of biomass
and systems.

aconnic is planning moderate revenue growth of 5 until 10% for the 2024
financial year.

About aconnic AG (formerly UET AG)

aconnic AG is an international technology supplier and network equipment
provider based in Munich. aconnic AG enables the construction and operation
of high-performance gigabit networks with key focus on network security,
energy efficiency and sustainability as well as technologies and products
for customers to achieve climate neutrality through carbon capturing and
bioenergy. Systems and services are used by customers such as Deutsche
Telekom, Orange, Telecom Italia, A1 Telekom Austria, and América Móvil.
aconnic AG is the only international system supplier for critical
communication infrastructure with European research, development, production
and supply chain, as well as its headquarters in Germany, contributing to
the strategic and technological autonomy of Europe. aconnic AG has been
listed on the German stock exchange since 2006 and generated a revenue of
ca. 73 mn EUR in 2023, with a growth of around 45%.

Contact

aconnic AG
D-80992 Munich, Riesstrasse 16
Sebastian Schubert, Investor Relations
Phone: +49 89 3 8998 7770
Email: investor@aconnic.com


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14.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        aconnic AG
                   Frankfurter Straße 80-82
                   65760 Eschborn
                   Germany
   Phone:          +49 (0)89 3 8998 7770
   E-mail:         investor@aconnic.com
   Internet:       www.aconnic.com
   ISIN:           DE000A0LBKW6
   WKN:            A0LBKW
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Stuttgart
   EQS News ID:    1925071

End of News EQS News Service
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1925071 14.06.2024 CET/CEST