United Labels : acquires remaining interests in Elfen Service GmbH
January 12, 2018 at 05:30 am EST
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DGAP-Ad-hoc: United Labels AG / Key word(s): Investment
United Labels AG acquires remaining interests in Elfen Service GmbH
12-Jan-2018 / 11:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
United Labels AG acquires remaining interests in Elfen Service GmbH
Münster, 12 January 2018. United Labels AG (ISIN: DE 0005489561, WKN: 548956) will acquire the remaining interests in subsidiary Elfen Service GmbH effective from 1 April 2018.
The remaining 20% ownership interest in the aforementioned entity is to be purchased at its nominal value. In acquiring the interests, the company will gain full profit entitlement retrospectively as from 1 January 2017.
The acquisition of these interests is subject to the usual conditions precedent.
Elfen Service GmbH operates an e-commerce business with end consumers as a member of the United Labels Group. The Christmas period of 2017, in particular, produced significant revenue growth for this side of the business. In future, this area is to be further expanded with products from United Labels AG.
Further information:
United Labels AG - Investor Relations -
Gildenstraße 6, 48157 Münster, Tel.: +49 (0) 251-3221-0, Fax: +49 (0) 251-3221-960 investorrelations@unitedlabels.com
12-Jan-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
United Labels AG
Gildenstr. 6
48157 Münster
Germany
Phone:
+49 (0)25 132 21-0
Fax:
+49 (0)25 132 21-999
E-mail:
investorrelations@unitedlabels.com
Internet:
www.unitedlabels.com
ISIN:
DE0005489561
WKN:
548956
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
United Labels AG is a Germany-based company engaged in the development, production and marketing of licensed consumer goods featuring cartoon characters. Its licensors include Peanuts, Warner and 20th Century Fox. The Company divides its activities into two segments: Key Accounts, which focuses on customized contract production, and Special Retail, which offers small-scale retailers a range of goods supplied from stock. Its product categories include: Clothing, such as nightwear, underwear, hosiery and trousers, among others; Gift items, such as mugs, cereal bowls, eggcups and glassware, among others; Soft items, such as soft toys, beanbags, cushions and slippers, among others; Stationery, such as paper, writing pads, pen boxes, desk pads and pencil cases, among others; Bathroom and Household Textiles, such as towels, flannels, tea towels and slippers, among others, as well as Bags and Accessories, such as sports bags, handbags, backpacks and belts among others.