3U Holding AG — Earnings Release 2004

May 17, 2004

News Details

Ad-hoc | 17 May 2004 01:15

Results 1st quarter of 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Revenue for the 1st quarter of 2004 was 17.36 million Euros (13.78 million Euros). With 0.53 million Euros (2.36 million Euros), the EBIDTA rose by 29% compared to the 4th quarter of 2003. The EBIT of -0.67 million Euros (1.84 million Euros) exceeded the EBIT of the 4th quarter of 2003 by 0.49 million Euros. With -1.9 million Euros (1.34 million Euros), the net profit was slightly lower than in the 4th quarter of 2003. As announced previously, the results of the 1st quarter, which were behind the initial projections, will likely be compensated during the remaining of the fiscal year, so that the annual goal for 2004 of 100 million Euros in sales for the landline division and a net profit of 1 Euro per share is still maintained. This goal will be reached through: – New products being launched in June – Additional growth through cooperation with Quelle – Entrance in the market of internet telephony – Conclusion of the integration of OneTel During the annual shareholder meeting held on 5/13/2004, all the items on the agenda were accepted with over 99% of the votes of the shareholders, in line with the recommendations of the management. The officers will implement those decisions as soon as possible, so that the emission of new shares with a ratio of 4 for 1 can take place shortly. For further information, please contact: 3U TELECOM AG Axel Becker Phone : +49 (6421) 999 0 Fax : +49 (6421) 999 1111 Email : boerse@3u.net Internet: http://www.uuu.de end of ad-hoc-announcement (c)DGAP 16.05.2004 ——————————————————————————– WKN: 516790; ISIN: DE0005167902; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 170115 Mai 04