3U Holding AG — Earnings Release 2010

Nov 12, 2010

News Details

Corporate | 12 November 2010 08:00

3U HOLDING AG publishes 9-months report

3U HOLDING AG / Key word(s): Quarter Results

12.11.2010 08:00

• Positive quarterly result

• Group remodelling further progresses

• Segment Renewable Energies with changed focus

3U HOLDING AG has significantly increased earnings again in the first nine
months of 2010 compared to previous year. With Group sales that expectedly
decreased from EUR 70.77 m in the first nine months of 2009 to EUR 62.54 m
in the reporting period, net profit for the period increased by 1.17 m to
2.26 m. This is caused in particular by a positive development of the
financial result and tax refunds for previous years.

At EUR 7.21 million, EBITDA was well below the EBITDA for the first nine
months of the previous year (EUR 10.73 million). Beside the expected lower
result contribution from the segment Telephony also one-off expenses like
compensation payments to former Board Members, a partial purchase price
restitution of the 3U TELECOM INC. (USA) as well as expenses arising from a
lawsuit settlement in which the Company gets back 1,242,240 of its own
stocks. Without these one-off expenses EBITDA would have been approximately
EUR 1.1 million higher.

The Company continues to report a very solid equity ratio. It has improved
on a continual basis since the year 2005 and at September 30, 2010 was at
52.17%.

The current year is a year of transition for 3U HOLDING AG. Significant
resources have been shifted within the 3U Group, which has contributed to
the establishment of a new trendsetting organizational structure. The
objective being pursued by the four-pillar strategy is to develop the
business fields Renewable Energies and Services next to the two
longstanding divisions of Telephony and Broadband/IP into supporting
pillars of the Group. The new business segments already today dispose of
the same infrastructure as organizations which are much bigger. Accordingly
sales and earnings were consciously renounced in the short term and
instead, the foundation for a long term successful development of these
areas has been laid. The segment Renewable Energies contributes less to
Group sales than forecasted at the beginning of the year as well. The
deliberate decision by the Members of the Board to use available resources
increasingly in projects which will contribute only in the medium term to
the Company success, contributed primarily to this development. Today, the
Subsidiaries in the segment Renewable Energies already are further
diversified than originally planned and cover nearly the whole value added
chain, from the production via consulting to sales.

Contact:
Peter Alex
Head of Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net

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Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
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 Hamburg, München, Düsseldorf, Berlin, Stuttgart

End of Announcement DGAP News-Service

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