3U Holding AG — Earnings Release 2008

Nov 17, 2008

News Details

Ad-hoc | 17 November 2008 15:22

3U HOLDING AG with improved result in the first nine moths of the 2008 fiscal year

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, November 17, 2008 – In the first nine months of the 2008 fiscal
year 3U HOLDING AG, Marburg, posted revenues of € 80.59 million, following
on from € 83.04 million in the comparable period of the previous year. The
activities continued to focus on a consistent orientation to earnings. This
is reflected in the positive development of the EBITDA (earnings before
interest, taxes, depreciation and amortization) and the EBT (earnings
before taxes). In the first nine months of the current fiscal year the
EBITDA rose by 13%, from € 7.49 million in the comparable period of the
previous year to € 8.48 million. The earnings before taxes were negative at
€ -6.79 million in the third quarter of 2008 due to belated depreciation at
Group level (third quarter 2007: € -1.50 million). From a nine-month stance
it was possible to increase the EBT, however, from € -4.62 million in 2007
to € -2.10 million in 2008.

Due to the termination of the sales processes for the Group subsidiaries
LambdaNet Communications Deutschland AG and 3U TELECOM GmbH Austria the
'held-for-sale' status of both companies was lifted in September 2008. In
accordance with IFRS regulations the revenues of the 'held-for-sale'
companies were not included in the consolidated statements in past quarters
but only the results for the period. The depreciation of the shareholdings
was neutralized at group level. With the lifting of the 'held-for-sale'
status as of September 30, 2008 the companies affected will be consolidated
in full again and the suspended depreciation will be performed belatedly.
The amount of the belated depreciation from January 1 to June 30, 2008
totaled € 4.34 million at LambdaNet. For the 2007 fiscal year there is a
negative operating income contribution of € 2.90 million, which was also
performed belatedly as of September 30, 2008.

The growth in earnings at the shareholdings in the fixed-network telephony
segment also continued in the third quarter of 2008. Although the revenues
decreased as scheduled in the first nine months of 2008 compared to the
same period in 2007, from € 57.81 million to € 55.08 million, the EBITDA
increased in the corresponding period by 231%, from € 1.62 million to €
5.37 million, however. The earnings before taxes increased in the same
period by 335%, from € 1.14 million to € 4.96 million.

In the broadband/IP segment LambdaNet Communications Deutschland AG posted
revenues of € 25.49 million in the first nine months of 2008 (previous
year: € 25.23 million). Adjusted for special effects from the
'held-for-sale' status the EBITDA decreased in the first nine months of
2008 over 2007, from € 5.88 million to € 3.12 million. This decrease is due
on the whole to pre-production costs for new customer orders and the
increase in personnel for the implementation of the planned growth in
revenues. The earnings before taxes improved in this period from € -6.08
million to € -5.07 million.

The equity capital ratio improved in a year-on-year comparison by more than
four percentage points to 43.71% as of September 30, 2008. The liquid and
near-liquid funds of the 3U Group have decreased only slightly to € 34.88
market as of the cut-off date September 30, 2008 compared to June 30, 2008
(€ 35.49 million) despite further repayments by LambdaNet.

The earnings per share in the reporting period were € -0.05 € (same period
previous year:
€ -0.09).

Contact
3U HOLDING AG
Neue Kasseler Str. 62F
35039 Marburg
Tel.: 06421 999-1200
Fax: 06421 999-1998
E-mail: boerse@3u.net
17.11.2008 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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