• Group revenue grows by 3.3% to EUR 9.4 million
• Order intake rises by 7.1%
• Special Retail segment contributes to solid earnings

United Labels AG (ISIN: DE 0005489561), specialist for comicware sold under licence, achieved consolidated revenue growth of 3.3% in the first quarter of 2007, taking this figure to EUR 9.4 million (prev. year: EUR 9.1 million). At the same time, EBIT improved to EUR 0.2 million (prev. year: EUR -0.1 million), while post-tax profits were break-even at EUR 0.0 million (prev. year: EUR -0.2 million). Revenue growth was driven in particular by the positive performance of the Spanish subsidiary.

The Special Retail segment contributed to the Group's solid earnings performance in the first quarter of 2007. Within this segment, revenue grew to EUR 2.8 million (prev. year: EUR 2.5 million), while the segment result improved to EUR 0.2 million (prev. year: EUR -0.3 million). The Key Account segment recorded revenue of EUR 6.6 million (prev. year: EUR 6.6 million) and a result of EUR 1.1 million (prev. year: EUR 1.1 million), thus emulating the performance of Q1 2006.

Order intake increased by 7.1% to EUR 13.6 million in the first quarter of 2007 (prev. year: EUR 12.7 million). Orders in hand stood at EUR 15.0 million (prev. year: EUR 16.1 million). At March 31, 2007, the equity ratio was 65.1% (31/12/06: 64.5%).

Special Retail posts above-par result in first quarter The encouraging performance within the Special Retail segment was attributable directly to the programme of complete segment restructuring in Germany during 2006, as well as to extended shelf space at retail level and the launch of a comicware store at Barcelona Airport. Potentially, the Airport Shop is to be seen as a flagship store for additional United Labels retail outlets at major European airports.

Revenue growth at Spanish subsidiary
Group revenue was buoyed in particular by the growth in sales achieved by the Spanish subsidiary United Labels Ibérica S.A. Compared with the same period a year ago, it managed to propel revenue upwards on the back of a much improved performance at the traditional trade fair in Madrid in January 2007.

United Labels shares gain momentum
The upward trend experienced by United Labels shares continued into 2007. On March 30, 2007, the share price stood at EUR 5.68, having started from a base of EUR 4.94 on January 2, 2007. Thus, by the end of the quarter it had improved by 15%.

New licences added to portfolio
The licence portfolio of United Labels AG continues to be centred around topical, high-interest themes. At the beginning of 2007 a Spider Man 3 licence was added to the portfolio in Germany and Spain. In addition, the German licence for SpongeBob SquarePants was extended to include new product groups in the giftware category. Together with The Wild Soccer Bunch, Disney Princess and The Peanuts, SpongeBob SquarePants was among the most successful licences for United Labels in 2006.

General Meeting of Shareholders
United Labels AG will be holding its 7th Annual General Meeting of Shareholders in Münster on May 22, 2007.