UMT United Mobility Technology : publishes consolidated financial statements 2017 and outlook 2018

UMT United Mobility Technology AG published its 2017 Annual Report today. Based on the final data, the Group was able to post significant growth in revenues, total performance and earnings in the past year.

Total performance was up 94.4%, to TEUR 9,224 (year before: TEUR 4,745). Revenue growth was especially strong, as sales revenues more than quadrupled to TEUR 6,503 (year before: TEUR 1,518). Consolidated gross profit amounted to TEUR 4,450 (year before: TEUR 3,759). Consolidated earnings before interest and taxes (EBIT) also showed strong growth, climbing to TEUR 550 from TEUR 347 in the previous year. UMT Group finished the financial year 2017 with TEUR 328 in consolidated net earnings (year before: TEUR 207). This corresponds to earnings per share in the amount of EUR 0.02 (year before: EUR 0.01).

UMT Group expects continued strong growth in its operational business in the financial year 2018, with significant double-digit revenue growth over the year before. Despite the need for high investments in specialized personnel, new products and technologies as well as the further development of the own technical infrastructure, management expects to once again report significant improvement in operating profits.

'By strategically extending our value chain and forging new partnerships in 2017, we have laid the groundwork for sustained future profits as a full-service provider in the mobile payment, cryptocurrency and loyalty market, which is growing at a dynamic pace. Our goal is to shape developments in cashless payment with our technology as well as providing other influential innovations,' said Dr. Albert Wahl, CEO of UMT United Mobility Technology AG.

The Annual Report is available on the company's website at www.umt.ag.

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