3U Holding AG — Earnings Release 2004

Aug 4, 2004

News Details

Ad-hoc | 4 August 2004 20:26

3U TELECOM AG revises its original forecast for the year 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Marburg, 04 August 2004 – In the course of preparing the half year report of 3U TELECOM AG it has become apparent that the original forecast of EUR 100 Mn. sales and EUR 1 earnings per share (respectively EUR 0.20 after stock split conducted in July 2004) from the operating business (without consolidation of LambdaNet Communications Deutschland AG) will presumably not be achievable. This is mainly due to the overall weakening market and competitive environment in the telecommunication industry which experiences further decreasing margins due to the increasing price battle. Against this background the management is examining the planned product introductions. The exact extent of the forecast variation can not be numeralized yet. Currently the corporate planning for all corporate areas is being revised. Since 02 August 2004 the management of 3U has been strengthened by Dr. Michael Späth, who was appointed as general agent and will primarily be responsible for the finance area. Dr. Späth (40) has long experience in the corporate finance area at Price Waterhouse and as partner at Arthur Andersen and has been active in the telecommunication industry for 10 years. The half year report of 3U TELECOM AG will be published by 16 August 2004 according to plan. Contact: 3U TELECOM AG, Michael Diegelmann, Tel.: 06421-999 1200, diegelmann@3u.net end of ad-hoc-announcement (c)DGAP 04.08.2004 ——————————————————————————– WKN: 516790; ISIN: DE0005167902; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 042026 Aug 04