United Labels AG

Earnings Release • Nov 30, 2012

News Details

Ad-hoc | 30 November 2012 09:03

United Labels AG: Optimisation programme after exceptional charges

United Labels AG / Key word(s): Interim Report/Quarter Results

30.11.2012 09:03

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement by United Labels AG dated 29 November 2012
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

• Group revenue totals EUR34.3 million

• Launch of e-commerce platform elfen.de

Münster, 29.11.2012 - United Labels AG (ISIN: DE 0005489561) generated
consolidated revenues of EUR34.3 million in the first nine months of the
2012 financial year (prev. year: EUR43.7 million). The year-on-year decline
was attributable primarily to the company's Key Account segment, which saw
sales fall to EUR22.5 million, while the Special Retail segment managed to
lift sales to EUR11.8 million.

The loss before interest and taxes amounted to EUR10.5 million (prev. year:
loss of EUR0.3 million) and the loss for the period, i.e. after taxes,
stood at EUR16.6 million (prev. year: profit of EUR0.3 million). The
decline in earnings was attributable mainly to exceptional charges, as
discussed in the report on the first half, such as the write-down of all
carrying amounts relating to the equity investment in Groupe Montesquieu,
France, provisions for write-downs of usage rights and inventories as well
as corresponding adjustments to deferred taxes.

In response to these exceptional charges, United Labels AG has initiated a
stringent optimisation programme that is aimed at streamlining its costs by
around EUR3.0 million in the coming year alone. The company intends to
pool the activities of its subsidiaries in Belgium and France. At the same
time, the company's operations in Spain will focus on key account business
and airport shops. In future, the specialty retail business in Italy will
be managed by the company's office in Spain. In parallel, the company has
introduced leaner staffing structures at all sites for the purpose of
reducing costs. The Management Board will contribute to the current
cost-saving measures by forgoing specific components of its remuneration
package until 2014.

In addition to concentrating on premium-quality, high-margin textiles
within the key account category, NOS giftware business in Germany and
abroad, and the launch of new airport stores, the Group will also be
focusing on e-commerce operations in the coming financial year.

The new e-commerce platform operated by Elfen Service GmbH, featuring the
online shop www.elfen.de, was launched in October. It already includes over
30,000 items for children - from more than 90 manufacturers of branded
goods. In the coming year, the number of products offered on the website is
to be extended to over 500,000. In line with the company's plans, the first
media and trading partners are to integrate this shop into their own online
operations from the beginning of 2013 onward.

The report issued by United Labels AG for the first nine months of 2012 can
be downloaded from the following site:
http://www.unitedlabels.com/investor-
relations/finanzberichte

For further information, please visit www.unitedlabels.com or contact the
following member of staff:

United Labels AG
Thorsten Laumann
Head of Corporate Communication
Gildenstraße6
48157 Münster
Phone: +49 (0) 251-3221-406
Fax: +40 (0) 251-3221-960
investorrelations@unitedlabels.com

30.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: 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: investorrelations@unitedlabels.com
Internet: www.unitedlabels.com
ISIN: DE0005489561
WKN: 548956
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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