- 2020 revenue: +140 percent to TEUR 30,543
- 2020 consolidated net income: +244 percent to TEUR 3,661
UMT United Mobility Technology AG (ISIN: DE000A2YN702) today published its 2020 Annual Report. Based on the final figures, the Group reports a successful full year 2020. As forecast, revenue and total operating performance improved in the triple-digit percentage range, with profits growing at a far disproportionate rate.
The UMT Group's total operating performance in 2020 more than doubled to TEUR 31,183 (previous year: TEUR 13,592). Revenue increased by +140 percent and reached TEUR 30,543 (previous year: TEUR 12,718). Revenues were generated primarily in the two business units "Technology and Software" and "Commerce and Consulting". In terms of revenue, the "Technology and Software" segment includes licensing rights, software development, and software-induced transactions. The "Commerce and Consulting" segment, in terms of revenue, primarily comprises consulting activities for IT and asset management as well as the UMT Group's transaction and commission business. The growth momentum in 2020 is attributable in particular to the “Commerce and Consulting” business area.
Gross profit at Group level improved by +67 percent in the reporting year to TEUR 15,570 (previous year: TEUR 9,318). While consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) almost doubled to TEUR 9,216 (previous year: TEUR 4,896), consolidated operating earnings before interest and taxes (EBIT) rose by a disproportionately high +291 percent to TEUR 4,230 (previous year: TEUR 1,083). Consolidated earnings before taxes (EBT) also almost quadrupled (+298 percent) to TEUR 4,243 (previous year: TEUR 1,066). As a result, the UMT Group's net profit for the year rose by +244 percent to TEUR 3,661 (previous year: TEUR 1,065).
In the course of its strategic realignment, the UMT Group expects continued strong growth in the 2021 financial year. "As part of our guidance for the current fiscal year, we aim to double revenue and earnings as in the previous year," says Dr. Albert Wahl, CEO of UMT AG.
As it evolves from a mobile payment specialist to a value-oriented and digital "TechnologyHouse" for integrated mobile commercial applications with a "buy-and-build" approach, the UMT Group has a great opportunity to take a significant step towards further, UMT-owned and profitable growth. The UMT Group's IT and consulting expertise in e-commerce and payment, built up over a decade, is the basis for value-creating investments in companies with a low level of digitalization. UMT sees itself as a "TechnologyHouse" that is prepared to assume entrepreneurial responsibility in addition to product responsibility.
"Our explicit intention is to release new growth potential through active further development, particularly in the area of digitization, and a forward-looking buy-and-build strategy for the specific consolidation of a fragmented market, and thus to realize significant revenue and earnings growth, with sustainable profitability and steady cash flow. And it goes without saying that investors should also benefit from this positive development of the UMT Group. In future, we will therefore certainly propose to the Annual General Meeting that a corresponding dividend be paid to our shareholders in line with the improvement in return and cash flow," continues Dr. Wahl.
The Annual Report is available on the company's website at www.umt.ag.