• Sales in fiscal year 2021 increased by 38 percent to 41.7 million euros
• EBITDA increased more than tenfold to 5.6 million euros last year
• Ukraine war does not directly affect the company at present

United Electronic Technology (UET) AG (ISIN: DE000A0LBKW6), Eschborn, announces preliminary figures for the fiscal year 2021. For the fiscal year 2021, UET reports preliminary sales of EUR 41.723 million (previous year: EUR 30.178 million). This corresponds to an increase of 38 percent compared to the previous year. Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) increased more than tenfold to EUR 5.622 million (previous year: EUR 0.497 million) in the same period. The largest contribution in terms of revenues and earnings was generated by the Systems division, followed by Service and Engineering. The publication of the annual report for 2021 is scheduled for June 30.

"The current year is characterized by continuing unstable supply chains in procurement, cost increases for raw materials and components and uncertainty due to the war in Ukraine. Despite lack of visibility, we are confident after the first quarter. We were able to increase order intake and sales and are well positioned to grow profitable, long term," said Werner Neubauer, CEO of UET AG. "We have currently no business in Russia, Belarus and Ukraine and therefore do not experience any direct impact."

Contact:
UET United Electronic Technology AG
D-65760 Eschborn, Frankfurter Str. 80-82
Sebastian Schubert, Investor Relations
Tel: + 49 (0) 6196 777755-0
Email: