Today, UMT United Mobility Technology AG (German Securities ID: 528610, ISIN: DE0005286108) publishes its audited data for 2015, following approval and adoption of the financial statements for 31 December 2015 by the Supervisory Board.
UMT United Mobility Technology AG posted significant revenue and earnings growth in Financial Year 2015. Revenues almost tripled, climbing to TEUR 3,039 (year before: TEUR 1,150). Earnings after depreciation and amortization and before interest and taxes (EBIT) were up over 500 percent in Financial Year 2015, to TEUR 619 (year before: TEUR 100). Earnings before taxes (EBT) were also up significantly, to TEUR 951 (year before: TEUR 133). The company closed the year with a net income of TEUR 951 (year before: TEUR 121), resulting in earnings per share (EPS) of EUR 0.06 (year before: EUR 0.01). In other words, earnings growth in the reporting year was much stronger than expected.
UMT United Mobility Technology AG's healthy balance sheet structure continued to improve in Financial Year 2015. With TEUR 18,501 in total assets as of 31 December 2015 (year before: TEUR 15,955), shareholders' equity increased to TEUR 16,082 (year before: TEUR 13,580). This corresponds to a 1.8-percent improvement in the equity ratio, to 86.9% (year before: 85.1%).
"We are very satisfied with the results of the past financial year. Through intensive technical improvements on the product level and successful operational implementation of current projects, we were able to report very profitable growth in 2015. We acquired additional lucrative projects in Financial Year 2015, as well as expanding our international investment portfolio, in order to strengthen UMT Group's position on a lasting basis," commented Dr. Albert Wahl, CEO of UMT United Mobility Technology AG.
The focus of day-to-day operations in the reporting year was on the provision of services for PAYBACK GmbH and implementation of the mobile payment function within the new PAYBACK app. As of June 2016, PAYBACK will be allowing its 28 million customers to use the app not just to activate coupons but also to collect points and make payments. The old PAYBACK app has already been downloaded over 8.5 million times.
"The course of business so far has been a positive indicator and sets the trend for Financial Year 2016. We are presently conducting very advanced and highly promising discussions and negotiations with big multipliers, retail chains and payment services providers in order to further increase our platform's penetration. Within the framework of the licensing model, we will continue to generate implementation revenues as well as associated recurring revenues from license and transaction fees," says Dr. Albert Wahl.
UMT Group is confident for Financial Year 2016 and expects double-digit revenue and earnings growth. Management also plans to further expand its investment portfolio, making targeted investments in companies along the value chain or acquiring them directly insofar as they offer added value for the UMT mobile payment and loyalty platform and the mobile wallet.
The complete 2015 financial statements of UMT United Mobility Technology AG are available on the company's website at www.umt.ag.