DGAP-Adhoc: United Labels AG: United Labels sees reduction in revenue and higher earnings

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

22.05.2013 11:20

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

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* Targeted reduction in revenue following focus on core business fields
* Quarterly earnings within expectations and up on previous year
* Restructuring programme and cost streamlining take effect

Münster, 22 May 2013 - United Labels AG (ISIN: DE 0005489561) has closed
the first quarter of the current financial year with revenue totalling
EUR5.7 million (prev. year: EUR11.5 million). The year-on-year decline in
revenue is attributable to the company's focus on core business fields with
higher contribution margins and the associated discontinuation of revenue
flows from unprofitable areas of business. Within this context, the
amalgamation and restructuring of the United Labels sites in Italy,
Belgium, France and Germany were a key factor. Additionally, sales
generated in Spain fell to EUR2.5 million (prev. year: EUR3.2 million) as a
result of the country's economic climate. The new e-commerce activities of
United Labels, managed in cooperation with the subsidiary Elfen Service
GmbH, got off to a good start.

Earnings before interest, taxes, depreciation and amortisation (EBITDA)
were in positive territory at EUR36 thousand. The quarterly loss was also
scaled back from EUR-0.3 million to EUR-0.2 million. At the same time, the
cost reduction programme initiated in 2012 had a significant impact on
business performance. Having implemented the full range of optimisation
measures announced by the company, United Labels is looking to make cost
savings of around EUR3.0 million per annum in 2013 and 2014. In cooperation
with its subsidiary Elfen Service, the company will be taking an equally
focused approach to executing its projects planned within the area of B2C
operations and the expansion of value creation processes. These projects
are to be completed over the course of the second quarter.

The quarterly report of United Labels AG can be downloaded from the
following site:
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
Tel.: +49 (0) 251-3221-406
Fax: +40 (0) 251-3221-960
investorrelations@unitedlabels.com

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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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