3U Holding AG — Earnings Release 2007

Aug 17, 2007

News Details

Ad-hoc | 17 August 2007 12:06

3U TELECOM AG – Consistent orientation to earnings shows clear successes in the half-year results

3U TELECOM AG / Half Year 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, 17 August 2007 – The second quarter of the 2007 financial year was
characterized by the strategic re-orientation of the 3U Group and by the
preparation and commencement of talks on the sale of the subsidiary
LambdaNet Communications Deutschland AG. In operational terms the
consistent orientation to earnings in the core business of fixed-line
telephony showed clear successes. In line with the accounting principles of
the International Financial Reporting Standards (IFRS), which are
applicable to the 3U Group, as a so-called 'held for sale' company the
revenues of LambdaNet are no longer included in the consolidated statements
of 3U TELECOM in the second quarter, but merely aggregate book values and
the result for the period.

The consolidated revenues, which now accrue solely from fixed-line
telephony, amounted to € 39.76 million in the first six months of 2007. The
adjusted revenues declined by 15% over the first six months of 2006 and
were thus within the expected framework.

The consistent orientation to earnings in the core business fixed-line
telephony could be seen in the relevant earnings ratios. In the first six
months of 2007 the EBITDA was € 1.01 million (first six months 2006: € 0.41
million), rising by over 300%, from € 0.19 million in the first quarter of
2007 to € 0.81 million in the second quarter of 2007 (second quarter 2006:
€ 0.02 million). Thanks to the clear improvement in operating results it
was also possible to attain a profit for the period. At € 0.55 million as
of 30 June 2007 the result was higher than that as of 30 June 2006 (€ -0.76
million) and also higher than the figure for the first quarter of 2007 (€
-0.04 million).

The result for the period at the 3U Group, which also includes the earnings
of LambdaNet Communications Deutschland AG, amounted to € -3.00 million in
the first six months of 2007 due to ongoing high depreciation at LambdaNet,
whereby it was possible to improve the result from the first quarter of
2007 (€ -2.19 million) to € -0.82 million in the second quarter of 2007.

The liquid and near-liquid funds as of 30 June 2007 amounted to € 34.14
million. The decline in liquid funds in a comparison with the figure as of
31 March 2007 (€ 36.50 million) is due to the reclassification of the
liquid funds at LambdaNet. Taking into account the liquid funds of
LambdaNet the liquid and near-liquid funds rose to € 38.87 million as of 30
June 2007 despite further repayments of € 1.68 million in the first six
months of 2007.

The equity capital ratio rose to 39.76% (31.12.2006: 38.51%).

The full half-year report will be published on 20 August 2007.

Contact:
3U TELECOM AG
Investor Relations
Neue Kasseler Str. 62F
35039 Marburg
Phone: 06421/ 999-1200
Fax: 06421/ 999-1998
E-mail: boerse@3u.net
DGAP 17.08.2007

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Language: English
Issuer: 3U TELECOM 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
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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