3U Holding AG — Earnings Release 2012

Nov 9, 2012

News Details

Ad-hoc | 9 November 2012 23:04

3U HOLDING AG: Preliminary 9-months results and updated guidance

3U HOLDING AG / Key word(s): Corporate Action/Change in Forecast

09.11.2012 23:04

Dissemination 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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• Difficult conditions lead to lower forecast for the years 2012 & 2013

• Focus on new business apart from photovoltaics

• Divestment of shares in subsidiaries planned for 2012 probably
  postponed

• Decision to collect the 10% own shares

3U HOLDING AG (ISIN DE0005167902) today released its preliminary financial
results for the first nine months of 2012. Group sales of EUR 52.1 million
(previous year: 60.70 million), EBITDA of EUR -6.7 million (previous year:
31.0 million) and earnings of EUR -6.3 million (previous year: EUR 28.67
million) were reported for the first three quarters of 2012. Compared to
the previous year it should be noted that the results of the first nine
months of 2011 were significantly influenced by the effect of the sale of
the subsidiary LambdaNet. The discontinued segment Broadband/IP accounted
for EUR 13.95 million in sales, EUR 30.51 million of EBITDA and EUR 27.92
million of earnings.

Worsened business conditions through legislative action both for the
segment Telephony and even more for the segment Renewable Energies, have
led to the budgeted costs being confronted with lower sales. In addition,
the planned sale of associated companies is expected to fail in fiscal year
2012, but is due to be realised in the coming financial year.

Due to these factors the financial figures for 3U HOLDING AG in the current
year are well below the original projections. The Management Board has
prepared an action plan and its implementation initiated. This covers both
cost reductions in unprofitable divisions, and on the other hand, the
Management Board responds to the changed political environment in the
segment Renewable Energies and focuses on profitable areas apart from
photovoltaics.

In light of the preliminary figures released today, the forecast for the
current fiscal year and for 2013 is updated. The Management Board of 3U
HOLDING AG expects sales of about EUR 62 million to EUR 65 million, EBITDA
of EUR -9.0 million to EUR -8.0 million and earnings of about EUR -9.0
million to EUR -8.0 million for the current business year. For 2013, the
Management Board forecasts sales of between EUR 60 and EUR 70 million,
EBITDA between EUR -1.0 million and EUR 1.0 million and earnings of between
EUR -2.0 million to EUR 0 million.

Today as well, the Management Board with the approval of the Supervisory
Board decided to submit 3,923,770 own shares (which corresponds to 10.00%
of the nominal capital) for withdrawal at the trade register. The Company
obtained those shares within the latest share buyback via the stock
exchange. With the withdrawal the company increases the value attributable
to each share to EUR 1.58 and it also opens up the possibility for further
share buybacks.

The nine-month report 2012 of 3U HOLDING AG will be published on November,
12 2012.

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

09.11.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Germany
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, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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