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3U Holding AG — Earnings Release 2008
May 21, 2008
3_rns_2008-05-21_e8b7aa63-e82b-4893-ad3d-abeb5b83295d.html
Earnings Release
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Ad-hoc | 21 May 2008 12:32
3U HOLDING AG continues with positive results
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.
Marburg, 21 May 2008 – In the first quarter of 2008 3U HOLDING AG continued
the positive course of business. Thus in the first quarter of 2008 the
consolidated profit for the period rose – despite a scheduled slight
decrease in sales revenues – by € 4.00 million to € 1.81 million in a
year-on-year comparison. A significant contribution to this result was made
by the shareholdings in the fixed-line network telephony segment, with an
upturn of € 1.44 million (Q1 previous year: € -0.06 million). In line with
the authoritative accounting provisions of the International Financial
Reporting Standards (IFRS), the sales revenues of LambdaNet Communications
Deutschland AG and of the 3U subsidiaries in Austria and the USA – as
so-called 'held for sale' companies – were not included in the consolidated
reporting entity, merely their aggregated balance-sheet values and the
results for the period. In accordance with these provisions, the
depreciation at the 'held for sale' companies was neutralized at group
level.
The consolidated revenues as of 31 March 2008 thus again solely came from
the fixed-line network telephony segment. At € 18.18 million this was only
marginally lower than the figure for the first quarter of 2007 (€ 18.34
million).
The development of results at 3U HOLDING AG shows that the decision to
restructure the existing shareholdings and orient these towards earnings
was the correct one. The positive business development in recent years was
also continued in the first quarter of 2008, as the earnings ratios clearly
illustrate: The earnings before interest, taxes, depreciation and
amortization (EBITDA) from continued operations rose over the same quarter
for the previous year by € 1.29 million, from € 0.16 million to € 1.45
million. The earnings before taxes (EBT) rose from € -0.05 million in the
first three months of 2007 to € 1.53 million in the same period of 2008.
The earnings per share in the reporting period were € 0.04 (Q1 previous
year: € -0.05). The equity capital ratio also improved considerably, rising
from 38.81 % in the first quarter of 2007 to a figure of 43.93 % at
present.
The liquid and near-liquid funds at the 3U Group have declined compared to
31 December 2007, from € 38.54 million to € 35.48 million, primarily due to
further amortization payments of € 1.61 million by LambdaNet, investment of
€ 1.01 million in the fixed assets, as well as advance payments of € 1.55
million for network rental and interconnect connections.
The Board of Management is presently looking into the first shareholdings
with the focus on innovative technologies and corporate restructurings. 3U
HOLDING AG still intends to sell the subsidiary LambdaNet.
Contact
Phone: +49 (0) 6421 999-1200
Fax: +49 (0) 6421 999-1998
Email: [email protected]
21.05.2008 Financial News transmitted by DGAP
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: [email protected]
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service