aconnic AG

CFC

Equity

ISIN DE000A0LBKW6 / Valor 2835367

Xetra (2024-12-23)

EUR 0.88-1.69%

aconnic AG
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About company

UET United Electronic Technology AG, based in Eschborn, is a company that specializes in the installation and roll-out of telecommunications networks. They are focused on developing innovative solutions to accelerate service deployments for service providers in various regions. The company has partnered with CMC Networks to bring network function virtualization (NFV) to service providers across Africa and the Middle East. UET United Electronic Technology AG is dedicated to achieving extraordinary results in power reduction and security enhancements for public communication networks.

Summarized from source with an LLMView SourceSector: Finance

Net Sales Increase

In the financial year 2023, aconnic AG reported a significant increase in net sales, which grew by 48% to 72.737 million EUR compared to the previous year's 49.036 million EUR. This growth was primarily driven by high demand for gigabit systems and increased project and installation revenues for services.

EBITDA Growth

aconnic AG's operating earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a substantial rise in 2023, reaching 6.390 million EUR. This marks an increase from the previous year's EBITDA of 4.187 million EUR, reflecting the company's improved operational efficiency and profitability.

EBIT Increase

The company's operating earnings before interest and taxes (EBIT) experienced a remarkable growth of 188% in 2023, amounting to 2.697 million EUR. This is a significant improvement from the previous year's EBIT of 0.935 million EUR, showcasing aconnic AG's enhanced financial performance.

One-Off Expenses

aconnic AG's operating results for the financial year 2023 included one-off expenses related to financing effects, financing, and structuring, totaling around 3.5 million EUR. These expenses were accounted for in the results, and the adjusted earnings, excluding these one-time expenses, are 3.5 million EUR higher.

Annual Report Availability

aconnic AG has published its full financial report for the year 2023, which is available on the company's website. The report provides detailed insights into the company's financial performance, including the significant growth in net sales, EBITDA, and EBIT, as well as the impact of one-off expenses on the overall results.

Summarized from source with an LLMView Source

Key figures

-48.5%1Y

13.6%3Y

-28.3%5Y

Performance

71.1%1Y

68.4%3Y

66.9%5Y

Volatility