Brief: UET United Electronic Technology Q2 consolidated revenues down 7 pct at 16.065 mln euros

aconnic AG

13/09/2016 09:15

Sept 13 (Reuters) - UET United Electronic Technology AG 
 CFCG.DE : 
    * Releases financial figures for operating business for the 
second quarter of 2016 
    * Q2 consolidated revenues of 16.065 million euros ($18.04 
million). This equates to a decrease of 1.218 million euros or 
-7 pct compared to previous year 
    * Business unit SYSTEMS generated Q2 revenues of 14.421 
million euros, which equates to a growth of 3.7 pct compared to 
same period of previous year 
    * During Q2 of 2016, EBITDA for business unit SYSTEMS was 
negative with -0.661 million euros compared to -0.623 million 
euros of same period last year 
    * Business unit MANUFACTURING posted Q2 revenues of 
altogether 4.397 million euros and was hence 13 pct below same 
quarter of previous year 
    * For Q3, we expect an increase in revenue and results in 
this business area 
    * In business unit SERVICE, SUCONI service reported revenues 
of 0.468 million euros in Q2, which corresponds to an increase 
by approx. 6 pct compared to previous year 
 
Source text for Eikon:  ID:nEQ9wSYp3a  
Further company coverage:  CFCG.DE  
 
($1 = 0.8906 euros) 
 
 (Gdynia Newsroom) 
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