United Labels AG

M&A Activity • Jun 3, 2014

News Details

Ad-hoc | 3 June 2014 12:42

United Labels AG: United Labels steps up ‘Hello Kitty’ commitment

United Labels AG / Key word(s): Investment

03.06.2014 12:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

• Ownership interest in joint venture raised from 50% to 90%
• Hello Kitty licence business to be expanded domestically and
  internationally in the area of clothing

Münster, 3 June 2014 - United Labels AG (ISIN: DE 0005489561), a company
specialising in comicware sold under licence, has acquired a further 40%
interest in Open Mark United Labels GmbH, a successful 50/50 joint venture
in which the company had already been involved prior to the latest
transaction.

The business model of this enterprise, which was established in 2011,
includes the manufacture of women's and girls' clothing under the "Hello
Kitty" licence, with products being marketed throughout Europe.

Given the complementary business model and opportunities for close
collaboration within the areas of purchasing, product development and
sales, the deal is expected to produce positive growth impetus for United
Labels AG. In the 2013 financial year, Open Mark United Labels GmbH
generated revenue of EUR4.2 million. The entity's earnings were accounted
for at a proportionate rate of 50% in the 2013 financial statements of
United Labels AG using the equity method.
The entity will be fully consolidated in the current financial year, with
non-controlling interests being presented as a separate item. This is
likely to have a positive effect on earnings for United Labels AG,
equivalent to approx. EUR0.2 million.
The purchase price in euros for the newly acquired interests is towards the
lower end of the six-figure range.

The acquisition underpins the revenue and earnings forecast drawn up by the
company for this financial year.

For further information about United Labels AG, please visit
www.unitedlabels.com or contact the following address:

United Labels AG
- Investor Relations -
Gildenstr. 6
D - 48157 Münster - Germany
Tel.: +49 (0) 251-3221-406
Fax: +49 (0) 251-3221-960
investorrelations@unitedlabels.com

03.06.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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

---