UMT United Mobility Technology AG

UMDK

Equity

ISIN DE000A2YN702 / Valor 50098941

Xetra (2024-09-18)

EUR 0.23-2.13%

UMT United Mobility Technology AG
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About company

UMT United Mobility Technology AG is a company that specializes in IT and consulting services with a strong focus on digitization, e-commerce, and payment solutions. Over the past decade, UMT has positioned itself as a key player in facilitating digital transformation across various industries, particularly targeting sectors that are future-oriented, crisis-resistant, and currently exhibit a low level of digitization in both B2B and B2C markets. The company's strategy involves leveraging a buy-and-build approach to consolidate fragmented markets, aiming to unlock new growth potentials, enhance revenue, and ensure sustainable profitability and steady cash flow. UMT's journey has included significant milestones such as the development and deployment of mobile payment technology at major retailers, strategic partnerships, and a shift towards becoming a digital, value-oriented "TechnologyHouse." With its shares traded on the Frankfurt Stock Exchange, UMT AG is actively pursuing opportunities for expansion, both nationally and potentially across Europe, to solidify its position in the digital services landscape.

Summarized from source with an LLMView SourceSector: Technology

Revenue Increase

UMT United Mobility Technology AG reported a significant increase in total revenue for the fiscal year ending December 31, 2023. The total revenue rose by EUR 527,000 to EUR 558,000, compared to EUR 31,000 in the previous year. This increase was primarily driven by higher sales revenue and other operating income.

Sales Revenue

Sales revenue for UMT United Mobility Technology AG in the fiscal year 2023 saw a substantial rise, reaching EUR 216,000, up from EUR 20,000 in the previous year. This growth in sales revenue contributed significantly to the overall increase in the company's total revenue.

Operating Income

UMT United Mobility Technology AG's operating income before interest, taxes, depreciation, and amortization (EBITDA) improved markedly in 2023, recording a loss of EUR 150,000 compared to a much larger loss of EUR 1,337,000 in the previous year. This improvement indicates better operational efficiency and cost management.

Net Loss

Despite improvements in revenue and EBITDA, UMT United Mobility Technology AG ended the fiscal year 2023 with a net loss of EUR 31,492,000, compared to a net loss of EUR 10,379,000 in the previous year. This increase in net loss was largely due to significant write-downs and impairments.

Asset Write-Downs

UMT United Mobility Technology AG made substantial write-downs on its investments in the Buchberger companies and UMS United Mobile Services GmbH. The write-downs were aimed at mitigating risks and creating potential hidden reserves, which are expected to support future recovery in the company's stock price and facilitate strategic acquisitions.

Summarized from source with an LLMView Source

Key figures

-84.4%1Y

-97.3%3Y

-90.0%5Y

Performance

144%1Y

106%3Y

116%5Y

Volatility