DGAP-News: 3U HOLDING AG: Publication of quarterly report I/2012
(firmenpresse) - DGAP-News: 3U HOLDING AG / Key word(s): Quarter Results
3U HOLDING AG: Publication of quarterly report I/2012
15.05.2012 / 08:56
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- Sales increase significantly
- Lower margins and amending laws burdening business
- Annual General Meeting on May 31, 2012
3U HOLDING AG (ISIN DE0005167902) today published its quarterly report for
the first quarter of 2012.
Group sales increased in the first three months of fiscal 2012 compared to
the corresponding period last year by EUR 4.15 million to EUR 23.2 million,
although sales from discontinued operations Broadband/IP in the first
quarter of 2011 accounted for EUR 8.52 million. The segment Telephony,
where wholesale sales could be increased very significantly is mainly
responsible for this positive sales development. However, this resulted in
relatively low-margin sales and the delay of the amended Telecommunications
Act caused customer uncertainty and led to significantly lower sales
margins in the segment Telephony with corresponding effects on the
consolidated earnings.
After a majority in the Bundesrat rejected the EEG amendment on May 11,
2012 the mediation committee was called on. This stalemate prolongs the
time period of uncertainty in the market concerning solar subsidies and
prevents a reliable basis for planning, leading to various customer groups
to exercise restraint in purchases and contracts. In addition, the solar
park under construction in Adelebsen ties up significant Group resources
without income being generated in the development phase. Proceeds from the
feed-in tariff and rent are expected starting in the third quarter of 2012.
EBITDA was at EUR -0.89 million and well below the EBITDA of the first
three months of the previous year (EUR 2.55 million). In addition to lower
earnings contribution from the segment Telephony increased losses resulting
from the development and expansion phase of the segments Renewable Energy
and Services also contributed to the decline. Accordingly, earnings with
EUR -0.78 million were approximately EUR 1.5 million lower than in the same
quarter last year (EUR 0.73 million).
The balance sheet total increased significantly to EUR 85.33 million (March
31, 2012) compared with December 31, 2011 (EUR 75.48 million).
The strong sales growth in the segment Telephony and the associated higher
accounts receivable are mainly responsible for the increase in total
assets. The increase in long-term assets is due to the investment in the
solar park as well as in land and buildings and led to a corresponding
reduction in liquid funds.
This year's Annual General Meeting will be held in Marburg on May 31, 2012.
After the encouraging results of fiscal year 2011, the Management Board and
the Supervisory Board proposed a resolution to distribute a dividend for
fiscal year 2011 of EUR 0.03 per share.
The Quarterly Report QI/2012 can be downloaded from the website of 3U
HOLDING AG at: www.3u.net.
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(at)3U.net
www.3u.net
End of Corporate News
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15.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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(at)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 News DGAP News-Service
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169897 15.05.2012
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Datum: 15.05.2012 - 08:56 Uhr
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News-ID 146349
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