UniDevice : Investor News, October 24, 2022

Investor News, 10/24/2022

UniDevice AG

Result third quarter 2022 and outlook annual result

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12529 Schönefeld

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Schönefeld, October 24, 2022 - UniDevice AG (ISIN: DE000A11QLU3) announces results for the third quarter of 2022.

The quarterly report as of September 30, 2022 was published on the company's website. The international B2B brokerage for communication and entertainment electronics with a focus on high-priced smartphones from leading manufacturers such as Apple and Samsung had a successful third quarter of 2022.

Q1: Revenue EUR 74.44 million	Loss EUR -0.43 million
Q2: Revenue EUR 100.28 million	Profit EUR 1.37 million
H1: Revenue EUR 174.72 million	Profit EUR 0.94 million
Q3: Revenue EUR 141.90 million	Profit EUR 1.29 million
9M: Revenue EUR 316.62 million	Profit EUR 2.23 million

The positive development in the third quarter (as in the second quarter) is mainly due to the weakening of the Euro compared to the USD. Purchasing in the Euro zone and selling devices in USD zones is going well.

"Interestingly, the new iPhone 14 models are bought by customers to a greater extent than previous models in the more expensive Plus and Pro Max variants. This changed sales mix is beneficial to sales and margins.

We are optimistic about the course of business in the fourth quarter.

As a result, we expect sales and net income for the 2022 financial year to exceed the previous highest level in 2020 (sales: EUR 404.81 million, net income: EUR 3.51 million). We expect annual sales for 2022 to be in a range of EUR 420-430 million and net income for the year to be in a range of EUR 3.52-3.60 million;" says Dr. Christian Pahl (CEO).

About UniDevice AG

UniDevice AG (DE000A11QLU3) is active in communication technology with PPA International AG, an international B2B broker for communication and entertainment electronics with a focus on high-priced smartphones from leading manufacturers such as Apple and Samsung.

In this market, the Berlin-based company was the first in Germany to specialize in optimizing the customer's supply chain.

Customers include wireless service providers as well as wholesalers and retailers. Risks are much lower than with a wholesaler because of the rapid inventory turnover and immediate payment by customers.

The company has been listed since March 2018 and has been represented on the capital market with a bond (DE000A254PV7) since December 2019.