UMT United Mobility Technology AG (German Securities ID: 528610, ISIN: DE0005286108) has published its interim financial statements for the first half of 2015.

Gross earnings more than doubled and net earnings almost tripled. UMT United Mobility Technology AG posted gross earnings of TEUR 1,097 in the reporting period (year before: TEUR 438), consisting primarily of revenues in the amount of TEUR 1,050 (year before: 0). Earnings after depreciation and amortization and before interest and taxes (EBIT) amounted to TEUR 460 in the first half of the year (year before: TEUR 105, after adjusting for non-recurring income). Earnings before taxes (EBT) were up by TEUR 399, to TEUR 605 (year before: TEUR 206). The company closed the first half of Financial Year 2015 with a net income of TEUR 605 (year before: TEUR 206), resulting in earnings per share (EPS) of EUR 0.04 (year before: EUR 0.02).

With TEUR 17,965 in total assets as of 30 June 2015 (31 December 2014: TEUR 15,955), shareholders' equity amounted to TEUR 15,507 (31 December 2014: TEUR 13,580). This corresponds to a solid equity ratio of 86.3 percent as of the reporting date (31 December 2014: 85.1 percent).

The first half of UMT United Mobility Technology AG's financial year was characterized by intensive technical improvements on the product level and operational implementation of new and ongoing projects. The focus of day-to-day operations was on the joint project with PAYBACK. PAYBACK, Germany's leading bonus program and largest multi-channel marketing platform, will be launching its own mobile payment solution in 2016 for its 27 million customers, which will allow customers to collect points and pay through the app at a single stroke. The mobile payment application was developed based on UMT technology. Already, 7 million customers are using the app's mobile services for their shopping, and the payment process is another plus. With massive technological penetration of the German retail market, UMT is strengthening its position enormously and functioning as one of the leading providers of mobile payment technology in Germany.

Another milestone is the company's very successful relationship with Kuffler. At this year's Oktoberfest festival in Munich, the iPAYst mobile payment app will be available to the approximately 80,000 visitors to the Kufflers Weinzelt wine tent for use as a mobile payment solution. The subject of mobile payment has been extremely well-received thus far, far exceeding the expectations of UMT United Mobility Technology AG.

Another focus in the first half of the year was on the deliberate strategic expansion of the company's international investment portfolio. At the start of the year, UMT United Mobility Technology AG acquired a total of 26 percent of shares in UMT Turkey Mobil Anonim Sirketi, with registered office in Istanbul. At the start of the second quarter of 2015, the investment portfolio was expanded again, this time in the direction of Spain. The collaboration agreement with Banco de Sabadell, S.A., the fourth-largest banking group in Spain, and Mobile Payment System España S.L., the Spanish subsidiary of UMT United Mobility Technology AG, provides a very strong foundation for the strategic European launch of the mobile payment platform. With more than 6.2 million customers and 2,320 branches, Banco de Sabadell, S.A. provides a large distribution platform for this purpose.

Also through UMT's Spanish subsidiary, a strategic partnership was formed in June of this year with the Spanish big data analytics company SEKS – Serial Entrepreneurship Knowledge Society S.L., for the joint analysis and strategic use of big data. Data analytics will allow UMT United Mobility Technology AG to generate additional revenues and offer its wholesale and retail customers yet another innovative product component all along the sales process. In addition, a separate application for smart phone and tablet users, called "living eXperience," will be offered as part of the relationship with SEKS – Serial Entrepreneurship Knowledge Society S.L. The UMT technology platform will be established as the mobile payment solution for this app.

For the remainder of Financial Year 2015, UMT United Mobility Technology AG will be focusing on operational implementation of new and existing orders, as well as on continuing the international expansion and distribution of its mobile payment and loyalty platform as the technology standard with the aid of additional multipliers, primarily as a white label solution. In addition, UMT United Mobility Technology AG will be extending its investment portfolio all along the distribution process. In doing so, it will continue to target companies along the value chain which can use its mobile payment solutions and therefore offer added value for the UMT mobile payment and loyalty platform.

The interim financial statements of UMT United Mobility Technology AG for 30 June 2015 are available on the company's website at www.umt.ag.

 

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