DGAP-News: UR Holding S.p.A. publishes 2009 annual report
(firmenpresse) - UR Holding S.p.A. / Final Results
13.07.2010 18:00
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UR Holding S.p.A. publishes 2009 annual report
- Positive outlook reiterated
- Consolidated sales of EUR32.53 million (previous year: EUR32.05
million)
- EBIT of EUR0.35 million (previous year: EUR0.48 million)
- Consolidated earnings slightly negative at EUR-0.24 million (previous
year: EUR-0.16 million)
- Strategic expansion of business model strengthens market position and
provides access to lucrative markets
Milan, 13 July 2010: UR Holding S.p.A. (SIN: A0LBEG/ISIN: IT0003463772)
today published its annual report for 2009 and confirmed its positive
outlook for the current financial year of 2010.
With consolidated sales of EUR32.53 million (previous year: EUR32.05
million), UR Holding S.p.A. maintained the sales level of the previous year
in spite of a weak economy and declining sales trends in the electronics
industry. At EUR0.35 million, EBIT was down slightly on the figure for the
previous year (EUR0.48 million). The remeasurement of balance sheet items,
write-downs on receivables and growth investments in the Communication
division and supply chain management had a non-recurring, negative impact
on earnings development and ultimately led to slightly negative
consolidated earnings of EUR-0.24 million (previous year: EUR-0.16
million).
However, the UR is not dissatisfied with the progress in 2009 and there
were also key strategic successes in the 2009 financial year that will
allow future sales and earnings growth. One aspect of particular interest
is the ongoing development of the business model. In addition to
conventional sales of electronic components, the company is also
increasingly focusing on the development of end-to-end system solutions.
The company's full-service approach is also rounded off by the growing
range of additional services for selected tier 1 customers. Thus, UR has
successfully penetrated markets that offer high margins while being less
susceptible to economic fluctuations (defence, security, medical
technology, transportation). In addition, tapping new territories at the
same time has made UR more attractive to international companies. One
particularly interesting area in this context is the North American region.
'The expansion of our service portfolio, combined with the growing
internationalisation of our Group structure, means that we are meeting the
rising requirements of our customers and suppliers. Thus, we have reacted
early on to the trend among our customers towards minimising complexity by
reducing the number of partners. Thanks to its technological expertise,
comprehensive understanding of the market and a high-quality product and
service portfolio, UR offers its customers the opportunity to purchase the
majority of their relevant services and products from a single, strong
partner. A positive response, which has already been reflected in higher
incoming orders, confirms our chosen Group strategy and gives us cause for
optimism for 2010,' commented Stefan Haas, CFO of UR Holding S.p.A.
The Management Board
The UR Holding S.p.A. 2009 Annual Report is available for download now at
www.ur-home.com.
Company contact:
UR Holding S.p.A.
Viale Edison, 44
20090 Trezzano S/N - Milano
Italy
Tel. +39 02 48 40 15 8 - 0
Fax +39 02 48 40 15 8 - 1
financials(at)ur-home.it
www.ur-home.com
Investor Relations contact:
GFEI Aktiengesellschaft
Hamburger Allee 26-28
Germany
Tel. +49 (0)69 - 743 037 - 0
Fax +49 (0)69 - 743 037 - 22
ir-urgroup(at)gfei.de
www.gfei.de
13.07.2010 18:00 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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