UMT United Mobility Technology AG (German Securities ID: 528610, ISIN: DE0005286108) published its 2016 semi-annual financial statements today.

UMT United Mobility Technology AG's successful business performance in the year 2015 continued in the first half of 2016 as well. In the reporting period, from January to June 2016, the company reported a 14 percent improvement in total performance, with gross earnings of TEUR 1,251 (year before: TEUR 1,097). Revenues in the reporting period amounted to TEUR 1,031 (year before: TUR 1.050). Earnings from ordinary business activities were up by 64 percent, to TEUR 992 (year before: TEUR 605). This resulted in a net income of TEUR 987 for the first half of the year (TEUR 605), an improvement of 63 percent. Earnings per share (EPS) improved to EUR 0.06, from EUR 0.04 in the first half of 2015. Earning growth in the first half of 2016 was much stronger than in the same period of last year, and total performance improved as well.

UMT United Mobility Technology AG was able to further strengthen its already solid balance sheet structure in the first half of 2016. With total assets of TEUR 21,930 on 30 June 2016 (31 December 2015: TEUR 18,501), shareholders' equity at the end of the first half of the year amounted to TEUR 19,157 (31 December 2015: TEUR 16,082). Accordingly, the equity ratio increased to 87.4 percent, from 86.9 percent at the end of 2015. Freely available funds amounted to TEUR 2,021 on 30 June 2016 (31 December 2015: TEUR 1,717).

The first half of 2016 was characterized by intensive technical improvements on the product level and the operational implementation of current projects, with a particular focus on the joint project with PAYBACK. PAYBACK, the leading bonus program, launched the new PAYBACK app in June 2016 together with its partners. The successful and completely redeveloped PAYBACK app for the first time combines mobile coupon activation with mobile point collection and payment. As of the end of September 2016, users will be able to use the app at dm, real, Aral, Galeria Kaufhof and Alnatura stores. UMT United Mobility Technology AG's mobile payment technology makes up a very important part of the new PYABACK app. The particular strategic focus of UMT United Mobility Technology AG has been on obtaining new customers and projects, and particularly on working with key accounts and multipliers in the retail, banking and industrial sectors to implement their digital and mobile strategies. These activities have been complemented, where strategically expedient, by expansions of the company's existing investment portfolio. At the start of the year, UMT United Mobility Technology AG formed a partnership with the well-known GTD Group. GTD's experience and reputation in the aviation and aerospace industry and in the maritime and port engineering sectors are expected to accelerate the international positioning of the UMT platform in the B2B segment. At the start of July 2016, after the end of the reporting period, UMT Group announced the formation of a subsidiary in North America in response to strong demand for the mobile payment and loyalty platform as a white label solution within the framework of a licensing model.

"The course of business in the first half of the year confirms the trend for 2016. Our increasingly international positioning is meeting the expectations of capital market participants as to the continuing potential for profitable growth for UMT United Mobility Technology AG, as well as meeting the requirements of key national and international customers. With highly advanced talks and negotiations, we are expecting to receive additional orders from new customers this year," said Dr. Albert Wahl, CEO of UMT United Mobility Technology AG.

The focus for Financial Year 2016 and beyond will continue to be on mobile integration of the technology platform into customer infrastructure in such a way as to meet the requirements of each individual customer. In addition to integrating mobile payment into their existing applications, the UMT mobile technology platform gives customers the option of fully implementing their digital strategy, from coupons and loyalty programs to the customized "mobile wallet." The company will be making continuous and sustained investments in expanding its product portfolio in order to extend the value chain in the core business of UMT United Mobility Technology AG. UMT United Mobility Technology AG's mobile payment and loyalty platform and highly efficient development processes enable very rapid market entry and its high technical penetration at the point of sale provides clear competitive advantages.

UMT United Mobility Technology AG expects continued double-digit growth in total performance, gross earnings, revenues and net income for 2016 as a whole. The expansion of the company's investments is also expected to have a positive impact. The goal is to make strategic investments in companies all along the value chain, or to acquire them outright. The decision-making criterion in this regard will be creating added value for the company's own mobile payment and loyalty platform and for the marketing of the mobile wallet.

The semi-annual financial statements of UMT United Mobility Technology AG for 30 June 2016 are available on the company's website at www.umt.ag.

 

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