United Labels Reports Q1 Results, Anticipates Growth in 2024

United Labels AG, a prominent European brand manufacturer in the media and entertainment sector, reported consolidated sales of EUR 5.8 million for the first quarter of 2024. This marks a decline from the EUR 6.9 million achieved in the same period last year. The drop in sales was attributed to the timing of customer campaigns around the reporting date.

Notwithstanding this, the company maintained a stable EBITDA of EUR 0.5 million, equaling last year's numbers. Earnings before interest and taxes (EBIT) also held steady at EUR 0.4 million, with a consolidated net profit of EUR 0.3 million, corresponding to a 4.5% return on sales.

Despite the initial dip, United Labels remains optimistic. CEO Peter Boder expressed confidence in exceeding the previous year's sales and earnings, particularly highlighting prospects in e-commerce.