3U Holding AG — Earnings Release 2006

Mar 29, 2007

News Details

Ad-hoc | 29 March 2007 11:26

3U TELECOM AG announces figures for 2006

3U TELECOM AG / Final 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, 29 March 2007 – In line with provisional figures, in the 2006
financial year the 3U Group increased its sales revenues in a year-on-year
comparison by 3.3% to 127.51 million euros (previous year: 123.38 million
euros). The EBITDA was adjusted for special effects and increased by 28.8%
to 8.76 million euros (previous year: 6.80 million euros). The net loss for
the year was 3.86 million euros, following on from a small profit of 0.08
million euros in the 2005 financial year, which had been shaped by
substantial special effects. The earnings per share in the reporting period
were -0.08 euro (previous year: 0.00 euro). In contrast, the equity capital
ratio improved, rising to 38.51% (previous year: 35.87%). The operating
cash flow in the 2006 financial year was positive as planned, increasing
over the previous year (2.20 million euros) to 5.22 million euros.

As of 31 December 2006 the liquid funds at the group decreased only
slightly to 38.83 million euros (previous year: 40.18 million euros)
despite the
reduction in bank liabilities (2.6 million euros) and the repayment of the
convertible bond at the subsidiary LambdaNet Communications Deutschland AG
(4.2 million euros).

As a result of the tougher competitive situation in the telecommunications
market, in the third quarter of 2006 the Board of Management decided to
focus on the areas of call-by-call and wholesale in the fixed-line
telephony segment. The active marketing of the loss-making products DSL and
pre-selection was suspended. As expected the sales revenues decreased in
the fourth quarter to 30.30 million euros (previous year: 34.25 million
euros). Due to the unscheduled provisions the EBITDA was 1.70 million euros
(previous year: 2.09 million). The loss for the quarter decreased from 4.09
million euros in the fourth quarter of 2005 to 2.67 million euros in the
fourth quarter of 2006.

Due to the ongoing difficult market conditions in the fixed-line telephony
segment, in the 2007 financial year the Board of Management expects a
downturn of around 10% in the consolidated revenues to approx. 115 million
euros. Through further group-wide optimization in the structural and
operating areas, however, it is intended to further stabilize the operating
results and to increase the EBITDA in the 2007 financial year by 8.4% to
9.5 million euros.

Furthermore, the Board of Management sees excellent opportunities to
increase the value of the company through the acquisition of shareholdings
within the framework of the strategic repositioning of 3U TELECOM AG in the
holding business as adopted in January 2007.

The full annual report for 2006 will be published on 30 March 2007.

Contact person
Kirsten Götsche
Tel.: 06421 999-1200
Fax: 06421 999-1998
E-mail: boerse@3u.net

DGAP 29.03.2007

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

End of News DGAP News-Service

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