United Labels AG

Earnings Release • Apr 16, 2013

News Details

Ad-hoc | 16 April 2013 13:16

United Labels AG: Exceptional items result in annual loss for FY 2012

United Labels AG / Key word(s): Final Results

16.04.2013 13:16

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Ad hoc announcement by United Labels AG dated 16. April 2013
ISIN: DE 0005489561, WKN: 548956, Ticker: ULC

* Group sales revenue totals EUR43.1 million
* Annual loss of EUR-18.7 million
* Successful start to optimisation programme

Münster, 16 April 2013 - United Labels AG (ISIN: DE 0005489561) recorded
consolidated revenues of EUR43.1 million in the financial year 2012 (prev.
year: EUR59.6 million). Owing to exceptional charges outlined in detail by
the company in its interim reports for the first half and the first nine
months of 2012, the loss for the financial year amounted to EUR-18.7
million (prev. year: EUR +0,5 million respectively EUR -0.4 million after
restatement).

Revenue contracted both in the Key Account (-35%) and in the Special Retail
segment (-6%). In Germany, the company generated revenue of EUR22.8
million in the financial year just ended (prev. year: EUR34.7 million). As
regards the individual subsidiaries, consolidated revenue declined by 11%
in Spain, by 36% in Belgium, by 61% in Italy and by 41% in France. By
contrast, revenue generated by the subsidiary in Hong Kong rose by 19%,
while the Polish subsidiary recorded revenue growth of 231%. The seven
airport shops achieved revenue of EUR6.8 million in total, with positive
earnings of EUR0.2 million.

In response to the exceptional charges in 2012, as announced, United Labels
AG has realigned and optimised the existing lines of business. Furthermore,
the sites in France, Belgium and Italy are to be amalgamated. These
measures are designed to produce savings of about EUR3.0 million p.a. in
the current financial year as well as in 2014.

Alongside the expansion of its Key Account segment, the company is looking
to step up its entire business-to-consumer (B2C) activities over the course
of 2013 as part of its NextGen strategy and take this area of business to
the next level via the e-commerce platform operated by the subsidiary Elfen
Service. Elfen Service GmbH, which launched its new e-commerce platform in
October 2012, generated sales of EUR0.6 million in its first year of
operation.

The 2012 annual report issued by United Labels AG can be downloaded from
the following site as from 16 April 2013:
http://www.unitedlabels.com/investor-relations/finanzberichte

For further information, please contact the following member of staff:
United Labels AG
Thorsten Laumann
Head of Corporate Communication
Gildenstraße 6
48157 Münster
Phone: +49 (0) 251-3221-406
Fax: +40 (0) 251-3221-960
investorrelations@unitedlabels.com

16.04.2013 DGAP's Distribution Services include Regulatory Announcements,
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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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