3U Holding AG — Earnings Release 2004

May 13, 2004

News Details

Ad-hoc | 13 May 2004 11:31

3U expectsgrowth through cooperation with Quelle, after a weak start in 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 3U expects renewed growth through cooperation with Quelle, after a weak start in 2004. 3U enters into cooperation with Quelle, Europe’s largest mail-order retailer. Starting in the middle of this year, Quelle will offer its customers a custom long-distance plan, “powered by 3U”. The plan will offer preselection long- distance service specifically tailored for Quelle customers. 3U will take care of all the operational aspects of the service. Thanks to this project, 3U expects a significant increase in revenues and profits in the second half of 2004, after a weak start into the first half-year. During the first quarter, 3U could not reach the usual strong margin level. The restructuring for the integration of OneTel once again affected the profits. In addition, the launch of new Products was delayed because of technical difficulties with an equipment vendor. According to preliminary data for the first quarter of 2004, this, along with the cleaning of OneTel’s customer portfolio, lead to revenues than will likely be significantly lower than projected. As a result, the profits for the first quarter of 2004, which will be published in detail on 5/17/2004, will be lower than expected. The very promising cooperation, however, should significantly increase revenue, and help to compensate for the delay in the realisation of the planned measures. Near the end of the second quarter, 3U will be in a position to launch further new products and services to increase organic growth. Until then, 3U should also have reached once again the former margin level. 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 13.05.2004 ——————————————————————————– WKN: 516790; ISIN: DE0005167902; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 131131 Mai 04