UMT United Mobility Technology AG (German Securities ID: 528610, ISIN: DE0005286108) provides for the first time consolidated key performance indicators for the first half-year 2016 according to the German Commercial Code within today's publication of this year's shareholder letter.
· UMT Group total output: TEUR 2,755
· Consolidated gross earnings: TEUR 2,701
· Consolidated net income: TEUR 1,324
"2016 is until now the most defining year in the history of UMT. The development of the company is characterized by a strong growth momentum. This also brings new challenges for the capital market communication. Our objective is to describe developments within UMT Group as transparent as possible. This will give our shareholders and the capital market an even better picture of our company’s course of business," said Dr. Albert Wahl, CEO of UMT United Mobility Technology AG.
For the full financial year 2016, UMT Group expects a further increase in the consolidated total output. At present, the company is engaged in promising negotiations regarding two specific projects, one of which is likely to realize revenue still effective in 2016. However, the time of revenues recognition is still strongly dependent on various interdependencies between the project members, to which UMT Group has only limited influence.
UMT Group also expects the financial year 2017 to be very successful. The business model continues to focus on seamlessly integrating UMT’s technology platform into already existing IT infrastructures and thereby meeting the specific requirements of business customers individually. The new business prospect focuses on large national and international companies as well as on multipliers in the commercial, banking and industry area. Advanced negotiations are also being held here. Furthermore, additional revenues will be generated thanks to strategic partnerships in the financial year to come, aside from the ongoing projects.
The shareholder letter of UMT United Mobility Technology AG including further information as well as the consolidated key performance indicators for the first half-year 2016 according to the German Commercial Code is available on the company's website at www.umt.ag.