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Business Summary: UET United Electronic Technology AG is a Germany-based holding company (the UET Group) specializing in providing electronic products and services for telecommunication networks. The UET Group operates within three business areas: Systems, Service, and Engineering. The Systems business comprises the activities under the brand albis-elcon, which supplies communication service providers (CSPs) with a comprehensive range of products and solutions for copper and fiber broadband access, remote network powering, network management, as well as Internet-based television (IPTV) solutions. It offers its services in Europe, North Africa, Middle East, and Central and South America. The Service business offers a range of consulting and support services for network operators, CSPs, system houses and manufacturers, all provided by Suconi service GmbH. The Engineering area, covered by Albis Engineering AG, realizes solutions for electronic devices, technical software and distributed systems.
Financial Summary: BRIEF: For the six months ended 30 June 2023, UET United Electronic Technology AG revenues increased 70% to EUR34.3M. Net income totaled EUR2.3M vs. loss of EUR2.7M. Revenues reflect Systems segment increase of 75% to EUR31.3M, Engineerung segment increase of 98% to EUR799K, Germany segment increase of 79% to EUR24.7M, Other foreign segment increase of 71% to EUR6.5M.