3U Holding AG — Earnings Release 2007

May 24, 2007

News Details

Ad-hoc | 24 May 2007 16:28

Development of sales and earnings at 3U TELECOM AG within corporate planning in the first quarter of 2007

3U TELECOM 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, 24 May 2007 – According to provisional figures the 3U Group posted
sales revenues of € 27.16 million in the first quarter of the 2007
financial year. The decline in revenues of € 5 million in a year-on-year
comparison (€ 32.15 million) was essentially due to the operative
reorientation at the beginning of August 2006 in the fixed-line telephony
segment at 3U TELECOM AG as well as the already communicated termination of
a key account in the carrier sales segment at the subsidiary LambdaNet. The
EBITDA amounted to € 2.08 million, whereby this sum is lower than the
figure for the comparable period of the previous year (€ 2.78 million), yet
higher than that for the fourth quarter of 2006 (€ 1.70 million). The loss
for the period decreased over the fourth quarter of 2006 (€ 2.67 million)
by some 18 % to € 2.19 million, following on from € 1.93 million in the
first quarter of 2006.

In the first quarter of 2007 the fixed-line telephony segment posted
revenues of € 19.46 million. As expected, due to the focus since the
beginning of August 2006 on the call-by-call and wholesale business the
figure from the previous year (fourth quarter 2006: € 21.51 million and
first quarter 2006: € 23.04 million) was not attained. The EBITDA in the
first three months of the current financial year was € 0.19 million (first
quarter 2006: € 0.38 million) and was again positive, following on from a
slightly negative result in the fourth quarter of 2006 (-€ 0.06 million),
which had essentially been caused by special effects.

In the broadband/IP segment the sales revenues, EBITDA and earnings were
also within the framework of general expectations. Sales in the first
quarter of the current financial year were € 7.70 million, following on
from € 8.79 million in the forth quarter of 2006 and € 9.11 million in the
first quarter of 2006. The downturn in sales revenues results above all
from the previously communicated termination of a key account in the
carrier sales segment. While the EBITDA was lower than the result for the
corresponding period in the previous year (€ 2.40 million), it rose over
the fourth quarter of 2006 (€ 1.76 million) by some 7 % to € 1.89 million.
The loss for the period was higher than that for the first quarter of the
previous year (-€ 1.58 million). At -€ 2.15 million it was more or less
at the level seen in the previous quarter (-€ 2.05 million).

As of 31 March 2007 the equity capital ratio in the 3U Group rose to 38.81
% and was thus much higher than the figure for the comparative quarter in
2006 (35.95 %). The liquid funds as of 31 March 2007 amounted to € 36.50
million; despite the annual advance payments for the interconnection lines
to Deutsche Telekom AG in the fixed-line telephony segment and the
scheduled loan repayments at LambdaNet it was possible to maintain this
figure at practically the same level seen in the previous year (31 March
2006: € 36.91 million).

The consolidated result in the first quarter of the new financial year
merely reflects business results from the long-standing telecommunications
sector. The management is currently taking all the necessary steps so as to
implement the spin-off of the telecommunications services as well as the
launch of the management and shareholding business – adopted at the
extraordinary general meeting in January of this year – as soon as legal
prerequisites have been fulfilled.

The complete quarterly report will be published on 31 May 2007.

Contact person:
3U TELECOM AG
Kirsten Götsche
Tel.: 06421 999-1200
Fax: 06421 999-1998
boerse@3u.net

DGAP 24.05.2007

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
www: www.3u.net
ISIN: DE0005167902
WKN: 516790
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

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