UET United Electronic Technology AG completes restructuring process for production site in Osterode

News 2013

Enhancement of competitiveness Further development of UET’s business unit MANUFACTURING Closing-down of production in Osterode and relocation to new business premises   UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces, that the restructuring project, which included the close down of the production site of Letron electronic GmbH’s in Osterode has been completed successfully. The project had been started in October 2012. Letron’s customers were informed…

UET United Electronic Technology AG takes further step in restructuring process

News 2013

Bearer debenture in the nominal amount of 5.4 mn EUR acquired and restructured by new investor Current bearer debenture payables reduced by 4.3mn EUR   UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces, that negotiations with a main creditor have been successfully completed and a further step towards the company’s restructuring has been mplemented. A bearer debenturein the nominal amount of 5.4 mn EUR, issued…

UET United Electronic Technology AG provides financial figures for first half of fiscal year 2013

News 2013

EBITDA for the group with 1.207 mn EUR positive Consolidated revenues for core business activities were 22.5 mn EUR Operating Cash Flow amounts to 1.3 mn EUR   Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, provides its financial figures for the first half of fiscal year 2013. In the first half of fiscal year 2013 UET generated consolidated revenues of EUR 22.5 mn and thus is EUR 14 mn lower than revenues in the same period of 2012 that included revenues in the amount of EUR 11 mn from the Berndes Group which has been deconsolidated as of June 30th 2012.…