Investor News, 05/27/2020

UniDevice AG:
Increase in the low-interest bank credit line from EUR 5.0 to 8.0 million;
business continued to perform well in April

- The UniDevice Group's low-interest bank credit line for business with electronic devices from the areas of entertainment and communication was increased by the principal bank from EUR 5.0 million to EUR 8.0 million.

- In April a net profit of EUR 300 thousand was achieved, an increase compared to the average monthly net profit of EUR 246 thousand in the first quarter. The profit in the first quarter was already 26% above the same period of last year.

Schönefeld, 05/27/2020 - UniDevice AG (ISIN: DE000A11QLU3) announces that the low-interest bank credit line of the UniDevice Group for the business with electronic devices in the areas of entertainment and communication from the principal bank was increased from EUR 5.0 to 8.0 million. This will significantly promote further growth.

In April, a net profit of EUR 300 thousand was achieved, an increase compared to the average monthly net profit of EUR 246 thousand in the first quarter. The profit in the first quarter was already 26% above the same period of last year. Business continues to develop very well.

"We are grateful for the trust placed in us by our principal bank, the Oldenburgische Landesbank, which increased the credit line from EUR 5.0 to 8.0 million. The additional liquidity will significantly promote further growth.
The increase in profit achieved in April allows us to look confidently at further business developments in 2020," said Dr. Christian Pahl, CEO of UniDevice.

About UniDevice AG
UniDevice AG (DE000A11QLU3) operates with its subsidiary PPA International AG as an international B2B broker for communication and entertainment electronics with a focus on high-priced smartphones from leading manufacturers such as Apple and Samsung. In this market, the Berlin-based company is the first in Germany to specialize in optimizing customers' supply chains. Customers include cellular service providers, wholesalers and retailers. Risks are much lower than with a wholesaler because of the rapid inventory turnover and immediate payment by customers. UniDevice is growing fast and in 2019 increased sales by 13% to EUR 358 million and operating profit (EBIT) by 89% to EUR 3.48 million. In the first quarter 2020, further earnings growth was achieved.
Net profit in the first quarter of 2020 rose by 26% year-on-year to EUR 739 thousand and reached a monthly average of EUR 246 thousand. In April 2020, an even higher net monthly profit of EUR 300 thousand was achieved.

UniDevice AG is active with the subsidiary SaniSolutions GmbH (a specialty medical supply store for the latest rehabilitation technology), with three locations nationwide, in the field of medical technology. The focus of the company is on restoring mobility for physically disabled people after an accident or during a severe neurological illness. The two main product areas are the distribution of special and modern rehabilitation aids, as well as the special construction of patient individually made seat shells and seat cushions. The focus of the rehabilitation aids is on electric wheelchairs.

UniDevice AG has been listed with a share (DE000A11QLU3) since March 2018 and has been represented on the capital market with a bond (DE000A254PV7) since December 2019.