3U Holding AG — Earnings Release 2009

Nov 25, 2009

News Details

Corporate | 25 November 2009 08:30

3U HOLDING AG can further increase EBITDA, profit and cash flow in the first nine months 2009

3U HOLDING AG / Interim Report

25.11.2009

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The issuer / publisher is solely responsible for the content of this announcement.

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• Operative cash flow significantly increased

• Organic growth fostered

• Cost savings decided

The 3U HOLDING AG was able to significantly improve profits over the past
nine months. Given Group sales that decreased from EUR 80.6 m to EUR 70.8 m
due to the expected decline in the fixed-line telephony segment, Earnings
before Interest, Taxes, Depreciation and Amortisation (EBITDA) as well as
net profit for the period increased significantly.

At EUR 10.7 m, EBITDA of the reporting period was 26.3 % higher than EBITDA
of the first nine months 2008 (EUR 8.5 m). The result improved by EUR 4.1 m
to EUR 1.1 m in the first nine months 2009, compared to the respective
period last year. Earnings in the third quarter 2008 included the special
item of backlog depreciations and amortisations in the broadband/IP
segment. Earnings per share are reported at EUR 0.02 for the current
business year.

The 3U HOLDING AG continues to show a very solid equity ratio. This ratio
continuously changed for the better and was at 49.3% on 30 September 2009 -
after being at 44.9 % on 31 December 2008.

Operating cash flow was increased by 88.3% and was, at EUR 6.6 m in the
first three quarters 2009, EUR 3.5 m higher than in the same period last
year.

The Groups' liquid assets decreased from EUR 35.5 m on 31 December 2008 to
EUR 31.1 m on 30 September 2009 due to redemption payment for loan and
lease liabilities of LambdaNet, the repurchase of own stock, prepaid
network rentals as well as investments into the new Groups' Headquarters.

Despite the overall positive development of the Group there continues to be
a divergent development within the two core segments. While the
corporations in the fixed-line telephony segment hold their grounds within
their market niches successfully through innovative products and newly
founded affiliates, the results in the broadband/IP segment continue to
disappoint. Taking the difficult market conditions into consideration,
LambdaNet's management has planned a far-reaching package of measures for a
reversal of trend that also includes personnel adjustments. The
implementation of this package was started with urgency in the current
quarter and should lay the groundwork for a getting LambdaNet profitable in
short time.

The activities in the Renewable Energies sector are continuously expanded.
Besides the progress made with regards to the construction of the new Group
Headquarters that is equipped with progressive technology, in which the
concept of 'Solar Heating Power Plant' ('Solarheizkraftwerk, SHKW') is
implemented for the first time, a further business venture, the 3U SOLAR
Systemhandel AG, was entered into in the current fourth quarter 2009 that
will be operating as of the first quarter 2010 at the latest.

In the scope of our continuous screening of investment inquiries, an
opportunity occurred to acquire a minority stake in an attractive business
venture that was opportunistically entered into in the current fourth
quarter. 'It would be negligent not to consider attractive investment
opportunities outside of our investment focus,' explains CFO Oliver
Zimmermann. 'With our financial means we are capable to grab opportunities
at any time and to therefore pave the way for future profitable growth of
our Corporation. Hence we are confident that the positive trend of earnings
increases will continue in the future', adds fellow executive board member
Michael Schmidt.

Contact:
Peter Alex
Head of Investor Relations

3U HOLDING AG
Neue Kasseler Straße 62 F
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net

25.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: 3U HOLDING AG
Neue Kasseler Str. 62 F
35039 Marburg
Deutschland
Phone: +49 (0)6421/999-1200
Fax: +49 (0)6421/999-1222
E-mail: IR@3U.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

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