UMT United Mobility Technology AG (UMT) today published its half-year report 2019. The group recorded solid growth in revenue, EBITDA and consolidated net income. By sharpening the business model and thus further adapting it to market requirements, the course has been set for the positive future development of UMT.

The Group's total operating performance in the first half of 2019, at TEUR 6,504, was thus higher than in the previous year (TEUR 6,488). Revenues developed positively, rising to TEUR 5,724 compared to TEUR 5,325 in the first half of the previous year. EBITDA at Group level increased to TEUR 1,689 from TEUR 1,030 in the first half of the previous year. Earnings before interest and taxes (EBIT) also increased to TEUR 1,002 compared to TEUR 520 in the same period of the previous year. Below the line, the UMT Group closed the first half of 2019 with a consolidated net income of TEUR 980 compared to TEUR 485 in the same period of the previous year.

The robust business development in the reporting period reflects the needs of business customers and end consumers for a broad range of services from a single source. Following the acquisition of the licence rights by its long-standing cooperation partner PAYBACK in December 2018, UMT now has the opportunity to offer its white label solution and related consulting services to an extended range of customers. UMT is focusing its attention on the area of the Industrial Internet of Things (IoT), as UMT AG's technology is particularly suitable for implementing pay-per-use and machine-to-machine (M2M) payment applications - particularly also using 5G - across all manufacturers and production processes.

UMT also launched its LOYAL App in August 2019, which is now available in the Apple App Store and Google Play Store for iOS and Android operating systems. After the successful launch, the App will now be successively expanded with all essential features in order to offer the user discounts, bonuses or cashbacks tailored to their specific needs. To this end, the Group is introducing the latest artificial intelligence (AI) methods, such as Unsupervised Learning, Reinforcement Learning and NLP (Natural Language Processing), which are currently being trained. In this way, new standards are set in the selection of the best deals and user relevance, and cross-language and cross-border distribution is made possible. With the Meta-App, the group of companies is taking advantage of the considerably higher scalability of the B2C market and proving its flexibility and high implementation competence in penetrating new business fields.

"By expanding our business model to include industrial applications and exploiting the potential of the consumer market combined with the use of state-of-the-art technologies, UMT is very well positioned in the market. Thanks to the high technical penetration in the retail sector and our flexible platform, which we can now make available to many new customers expanded to include artificial intelligence, pay-per-use and 5G, we feel well positioned to benefit from an overall market that is changing to the advantage of the group," says Dr. Albert Wahl, CEO of UMT United Mobility Technology AG.

The half-year report is available on the Company's website at www.umt.ag.

Download this Corporate News

Would you like to be informed about the latest news?

This site uses cookies to provide a better user experience. By using this site you accept that we use cookies.
More information