United Labels AG announced group earnings results for the first quarter of 2019. The company saw Group revenue expand by 7.9% to EUR 7.1 million (prev. year: EUR 6.6 million) in the first three months of 2019. EBIT rose by 16.8% to EUR 632,000 (prev. year: EUR 541,000). Post-tax profit for the Group improved by 31.1% to EUR 316,000 in the first three months of the current financial year (prev. year: EUR 241,000).

Overall, the growth target for Group revenue in the 2019 financial year stands at 2% - 7%. Based on current projections, EBIT is expected to lie between EUR 1.7 million and EUR 2.5 million in 2019. Above all, the company will be looking to evolve its specialist retailing and e-commerce business in strategic terms for the purpose of achieving its earnings targets.