United Labels AG

Earnings Release • Nov 12, 2002

News Details

Ad-hoc | 12 November 2002 08:52

United Labels AG english

UNITEDLABELS with positive EBIT once again Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad hoc announcement – UNITEDLABELS AG dated November 12, 2002 WKN (Sec. Id. No.): 548956, Ticker Symbol: ULC – Sales revenues increased by 6.2% year on year – Positive EBIT for third quarter and for first 9 months (Münster, November 12, 2002) – UNITEDLABELS AG (DE 0005489561), Europe’s leading specialist for comicware sold under licence, was able to raise sales revenues by 6.2% in the first nine months of 2002 relative to the same period last year, taking this figure to EUR 23.4 million. At the same time, the gross profit margin improved to 37.4% (same period last year: 7.2%), particularly as a result of more efficient sales activities with a product mix built on higher margins. Scheduled cost reductions within the areas of staffing (minus 19%) and other expenses (minus 20%), coupled with enhanced productivity in all areas of the company, resulted in a return to positive earnings before interest and taxes (EBIT) of EUR 60 thousand. In the third quarter alone, revenues amounted to EUR 7.4 million (previous year: EUR 7.0 million), a 5.4% increase achieved in spite of the prevailing difficulties witnessed in the retail sector. EBIT for the third quarter amounted to EUR 0.3 million, as opposed to a loss before interest and taxes of EUR 7.7 million recorded in the previous year. In view of the 11.2% increase in the volume of orders on hand, which are currently worth EUR 7.9 million (previous year: EUR 7.1 million) as well as the favourable progression of business in the preceding two quarters, UNITEDLABELS AG is expected to continue to perform positively in the coming quarters. For further information, please visit www.unitedlabels.com or contact the following member of staff: UNITEDLABELS AG, Katarina Orlovic (IR/PR) Gildenstr. 6, D – 48157 Münster Tel.: +49 (0) 251-3221-406 Fax: +49 (0) 251-3221-960 korlovic@unitedlabels.com end of ad-hoc-announcement (c)DGAP 12.11.2002 ——————————————————————————– WKN: 548956; ISIN: DE0005489561; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin, Bremen, Hamburg, Düsseldorf und Hannover 120852 Nov 02