UniDevice AG: 34% profit growth in first quarter 2021

Investor News, 04/12/2021

UniDevice AG: preliminary results for the first quarter of 2021
34% profit growth in the first quarter of 2021

- PPA International AG increased its profit compared to the same period in the previous year. The high demand for AirPods led to a significant increase in the gross margin to 2.4% (compared to 1.7% in the same period of the previous year). Due to the lower unit prices, no sales growth was recorded. Quarterly sales EUR 92.01 million (EUR 101.76 million in the same period of the previous year), Profit for the period EUR 1.02 million (EUR 0.74 million in the same period of the previous year).

- SaniSolutions GmbH recorded a decline in earnings due to corona-related access restrictions to care facilities. Quarterly sales EUR 0.37 million (EUR 0.86 million in the same period of the previous year). Period loss EUR -0.07 million (EUR -0.03 million in the same period of the previous year).

Schönefeld, 04/12/2021 - UniDevice AG (ISIN: DE000A11QLU3) announces 34% Profit Growth in Q1 2021. Due to the lower unit prices of the sales (product mix), which differed from the same period in the previous year, sales fell by -10%. Quarterly sales amounted to EUR 92.38 million (EUR 102.69 million in the same period of the previous year) and the Net Income for the period was EUR 0.95 million (EUR 0.71 million).

About UniDevice AG
UniDevice AG (DE000A11QLU3) is with its subsidiary 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, active in communication technology.
In this market, the Berlin-based company is the first in Germany to specialize in optimizing customers' supply chains. Customers include cellular service providers, wholesalers and retailers. Risks are much lower than with a wholesaler because of the rapid inventory turnover and immediate payment by customers.

UniDevice AG is with its subsidiary SaniSolutions GmbH (a specialty medical center for the latest rehabilitation technology) with three locations nationwide (20 employees), active in medical technology. The focus of the company is on restoring mobility for physically disabled people after an accident or during a severe neurological illness. The two main product areas are the distribution of special and modern rehabilitation aids, as well as the special construction of patient individually made seat shells and seat cushions. The focus of the rehabilitation aids is on electric wheelchairs.

UniDevice AG has been listed with a share (DE000A11QLU3) since March 2018 and has been represented on the capital market with a bond (DE000A254PV7) since December 2019.