UniDevice : Q3 2022 – quarterly report

Q3 - Report

IFRS consolidation

September 30, 2022

Commercial register:Berlin-Charlottenburg

Commercial register number: HRB 190230 B

The share

Nominal capital	15.050.000,00 EUR
Classes of shares	Bearer shares
WKN / ISIN	A11QLU / DE000A11QLU3
Number of shares	15.050.000
Stock symbol	UDC
Listing	Munich stock exchange	Frankfurt stock exchange
Stock market segment	m:access	Open Market
First trading day	6th March 2018	7th March 2018
Listing Partner, Specialist	mwb fairtrade Wertpapierhandelsbank AG
Designated Sponsor	BankM, mwb fairtrade Wertpapierhandelsbank AG

The bond

Nominal amount	up to 20,000,000.00 EUR
Interest coupon	6.5%
Bond class	Owner bond
WKN / ISIN	A254PV / DE000A254PV7
Listing	Frankfurt stock exchange
First trading day	December 17, 2019
Specialist	Wolfgang Steubing AG

Content	Page
Letter to the Shareholders	1
Group Management Report	2
IFRS Consolidated Financial Statements	6
Notes to the Consolidated Financial Statements	10

Letter to the Shareholders

Dear Shareholders,

Dear Sirs and Madames,

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 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 mil- lion). 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.

At this point I would like to once again thank the employees for their high level of commitment. I would like to thank the members of the Supervisory Board for the good cooperation.

Dr. Christian Pahl

(CEO) October 2022

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Group Management Report

September 30, 2022

1. Basis of the group

1. Economic report

1. Outlook

IV. Chances- and Risk Report

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1. Basis of the group

The UniDevice group is active with PPA International AG in international B2B brokerage and international wholesale of electronic devices in the areas of entertainment and communication, and with UniService GmbH it has a service company for logistics and administration. The focus of business activities is on the growth markets of electronic devices from the areas of entertainment and communication. Overall, the UniDevice Group is active in the sale of electronic devices in the areas of entertainment and communication.

1. Economic report

Business development

The UniDevice Group sells electronic devices. Sales in this business area amounted to EUR 316.62 million in the first nine months of 2022 (previous year: EUR 348.03 million). The net income for the first nine months of 2022 was EUR 2.23 million (previous year: EUR 1.72 million).

Earnings situation

The company's sales were mainly generated with electronic devices. The cost of materials in relation to sales was 97.76% (previous year: 97.45%). The operating result (EBIT, earnings before taxes and interest) was EUR 3.44 million (1.09% of sales); Previous year: EUR 3.08 million (0.89% of sales).

Financial situation

The UniDevice Group's financial position can be described as very stable. Financial management is designed to always settle liabilities within the payment period and to collect receivables within the payment terms. The capital structure of the UniDevice group is stable.

Compared to December 31, 2021, equity increased from EUR 21.28 million to EUR 22.73 million. The equity ratio as of September 30, 2022 was 53.15%. We have a higher credit line than we use on average. The unused bank credit line amounted to EUR 3.84 million.

The bond liability amounted to EUR 3.39 million and 7.95% of the balance sheet total. All liabilities can always be settled within the payment terms.

All liabilities can always be settled within the payment terms. As in the previous year, no significant investments in property, plant and equipment had to be financed.

Assets situation

The UniDevice Group's financial position is good. Trade accounts receivable increased from EUR

3.67 million on December 31, 2021 to EUR 9.15 million as of September 30, 2022. Inventories fell to EUR 11.14 million (December 31, 2021: EUR 15.94 million). As of the reporting date, the UniDe- vice Group had liquid funds of EUR 0.44 million (December 31, 2021: EUR 1.58 million).

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