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Business Summary: aconnic AG, formerly, UET United Electronic Technology AG is a Germany-based holding company (the UET Group) specialized in providing electronic products and services for telecommunication networks. The UET Group operates in 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 services in Europe, North Africa, Middle East, and Central and South America. The Service business offers 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 system.
Financial Summary: BRIEF: For the six months ended 30 June 2024, aconnic AG revenues decreased 8% to EUR31.6M. Net loss totaled EUR1.9M vs. income of EUR2.3M. Revenues reflect Other segment decrease of 63% to EUR3K, Germany segment decrease of 5% to EUR23.5M, Other EU segment decrease of 28% to EUR2.3M. Net loss reflects Interest and Similar Expenses increase of 54% to EUR2.1M (expense), Other Operating Expense - Balancing valu increase of 28% to EUR2.6M (expense).