3U Holding AG — Earnings Release 2007

Nov 22, 2007

News Details

Ad-hoc | 22 November 2007 14:49

3U HOLDING AG – Growth in results continues in core business

3U HOLDING AG / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Marburg, 22 November 2007 – The third quarter of 2007 at the Marburg-based
3U HOLDING AG, which has been trading under this new name since 31 October
2007, continued to be shaped by the strategic reorientation of the company
and the talks on the sale of the subsidiary LambdaNet Communications
Deutschland AG. In line with the accounting provisions of the International
Financial Reporting Standards (IFRS), in the third quarter of 2007 the
sales revenues of LambdaNet and the subsidiaries in Austria and the USA, as
so-called 'held for sale' companies, were no longer included in the
consolidated statements, but merely their aggregate book values and the
results for the period.

Accordingly the consolidated revenues as of 30 September 2007 resulted
solely from the core business fixed-line telephony. Following revenues of €
18.95 million adjusted for the 'held for sale' effect in the second quarter
of 2007, revenues in the third quarter of 2007 rose to € 20.03 million. As
expected, the revenues in the third quarter of 2007 decreased by 8.5% in a
year-on-year comparison, from a figure of € 21.90 million in the third
quarter of 2006. In the first nine months of 2007 the 3U Group posted sale
revenues amounting to € 57.31 million; this follows on from an adjusted
figure of € 65.54 million in the corresponding period for the previous
year. Thus the revenues are within the framework of the corporate planning
for the 2007 business year.

The continued consistent orientation to earnings in the core business of
fixed-line telephony is reflected in the results. The earnings before
interest, taxes and depreciation and amortization (EBITDA) in the third
quarter of 2007 rose by some 14.1% over the second quarter, from € 0.64
million to € 0.73 million. For the third consecutive time the EBITDA for
the quarter is thus positive. In the first nine months of 2007 the EBITDA
was € 1.53 million.

The result for the period in the core business fixed-line telephony has
also developed pleasingly, improving in the first nine months of 2007 to €
1.06 million. Compared to the second quarter of 2007 it rose by 67% in the
third quarter of 2007, from € 0.42 million to € 0.70 million. The quarterly
result in the core business was positive for the second consecutive period
therefore.

Thus as of 30 September 2007 both the EBITDA and the result from the core
business fixed-line telephony were clearly higher than the corporate
planning for the 2007 business year.

The consolidated result, which also reflects the earnings of LambdaNet,
which is to be sold, and the foreign companies, continued to be depressed
by the ongoing high level of depreciation at LambdaNet. The loss for the
period at the 3U Group in the third quarter of 2007 was € 1.44 million,
following on from a loss of € 0.82 million in the second quarter of 2007.
As of 30 September 2007 the consolidated loss was € 4.44 million; this
corresponds to a loss of € 0.09 per share.

The liquid and near-liquid funds as of 30 September 2007 amounted to €
33.18 million. The decline in liquid funds in a comparison with the figure
as of 31 December 2006 (€ 38.83 million) is essentially due to the
reclassification of the liquid funds at LambdaNet. Taking into account the
liquid funds of LambdaNet the liquid and near-liquid funds as of 30
September 2007 only declined by € 1.14 million to € 37.69 million despite
further repayments of € 4.07 million in the first nine months of the 2007
business year.

The equity capital ratio of the 3U Group improved compared to 31 December
2006 (38.51%) to 39.02% as of the cut-off date 30 September 2007.
The process of selling LambdaNet has not been completed. Against the
background of the crisis on the American market for mortgage loans, which
has led to reservation on the part of the banks towards awarding loans for
investment financing, there is the possibility that the sale will be
further delayed.

The detailed nine-month report will be published on 27 November 2007.

Contact:
3U HOLDING AG
Investor Relations
Neue Kasseler Str. 62F
35039 Marburg
phone: 06421/ 999-1200
fax: 06421/ 999-1998
e-mail: boerse@3u.net
22.11.2007 Financial News transmitted by DGAP

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Language: English
Issuer: 3U HOLDING AG
Neue Kasseler Str. 62 F
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-0
Fax: +49 (0)6421/999-1111
E-mail: boerse@3u.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

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