UMT United Mobility Technology AG (WKN 528610, ISIN DE0005286108) has published its interim financial statements for the first half of 2014.
In the reporting period, UMT United Mobility Technology AG earned gross profit of TEUR 438, essentially consisting of other operating income of TEUR 435. Earnings before interest and taxes (EBIT) amounted in the first half to TEUR 190 (previous year: TEUR 234). Earnings before taxes (EBT) decreased by TEUR 14 to TEUR 206 (previous year: TEUR 220). The company closed the first half of financial year 2014 with net income of TEUR 206 (previous year: TEUR 201), resulting in earnings per share (EPS) of EUR 0.02 (previous year: EUR 0.02).
Of the total assets of TEUR 13,367 (12/31/2013: TEUR 13,134) as of 30 June 2014, shareholders' equity made up TEUR 11,081 (12/31/2013: TEUR 10,885), corresponding to a further solid equity ratio of 82.9% (12/31/2013: 82.9%).
The first half of financial year 2014 for UMT United Mobility Technology AG was influenced by the international strategic expansion of the company's investment portfolio and by the further national and international positioning of the iPAYst product. Not only on the German market but also in Italy and Spain, the subsidiaries of UMT United Mobility Technology AG, UMS Italia S.R.L. and Mobile Payment System Espana S.L., managed to further expand the number of acceptance points for the iPAYst mobile payment solution.
At the start of this year, iPAYst LLC was formed as a further subsidiary in Riga in order to expand territory in the Baltic markets and eastern Europe. In addition to the propagation of the iPAYst mobile payment solution and creation of strategic added-value solutions for e-commerce and brick-and-mortar retail stores, UMT United Mobility Technology AG has aligned itself as a mobile solutions enabler. iPAYst is both being established on the market directly under its own brand and offered under a white label as a mobile technology for customers of UMT United Mobility Technology AG. The international expansion of the company's shareholding portfolio in March of this year also plays a role in this regard. UMT United Mobility Technology AG acquired a total of 22.5% of the shares in Vienna-based Delinski GmbH. Through this strategic shareholding, the potential to create further iPAYst acceptance points has been significantly increased. With well over 20,000 users and 173 high-priced restaurants, Delinski is one of the most successful online smart table booking exchanges. The well-known platform for the best restaurants in the city is to be officially introduced in Munich in the fourth quarter of 2014, with further German cities, such as Duesseldorf, Frankfurt, Hamburg and Berlin, to follow soon. The common goal of UMT United Mobility Technology AG and Delinski GmbH is to position their products Europe-wide.
UMT United Mobility Technology AG anticipates prosperous business development for the second half of 2014. The focus is the further expansion of acceptance points at the national and international level for the iPAYst product. Currently, UMT United Mobility Technology AG has a user reach of more than 50,000 customers and a total of over 250 acceptance points, and counting. UMT United Mobility Technology AG has already been able in the third quarter of 2014 to significantly expand the reach of iPAYst. This transpired through a cooperation with Galatasaray Sports Club, one of the most successful and popular Turkish soccer clubs and Champions League members. UMT's position in the retail trade managed to be extended even further through iPAYst's integration into the online shop of the exclusive Munich fashion designer Lodenfrey. Further strategic partnerships with major trading companies are on the agenda.
In addition to the subsidiaries in Italy, Spain and Lithuania and the shareholding in Delinski GmbH in Austria, the company's internationalization will continue in the direction of Turkey. UMT United Mobility Technology AG will procure access to the Turkish market through a joint venture. It is planned to establish iPAYst as a sales enabling and customer loyalty tool for top customers within the framework of licensing agreements.
Based on the ordinary cash capital increase carried out in July of this year, UMT United Mobility Technology AG procured liquidity for its further business alignment. Within the framework of the subscription offer, 485,900 new shares of the company were subscribed by shareholders and allocated to them based on their statutory subscription rights and the standard overallotment. In a private placement, 1,156,667 further shares were allotted to select institutional investors. On 31 July 2014, UMT United Mobility Technology AG announced that the capital increase had been executed for a total of 1,642,567 shares.
With the entry in the commercial register on 5 August 2014, the capital stock was increased by EUR 1,642,567 to EUR 14,789,550. The company received gross proceeds from this issue of TEUR 2,464.
UMT United Mobility Technology AG plans to use the capital flow to expand and strengthen its strategic partnerships and cooperations and to make further investments across the added-value chain in the mobile technology segment. Further technological development at the product level will thus be warranted at UMS United Mobile Services GmbH, particularly with respect to the iPAYst mobile app.
The interim financial statements of UMT United Mobility Technology AG as of 30 June 2014 are available on the company's website at www.umt.ag.