DGAP-News: 3U HOLDING AG: Continuing positive development
(firmenpresse) - 3U HOLDING AG / Quarter Results
13.08.2010 07:30
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- Significant earnings increase
- New Group structure creates synergies
- Subsidiary LambdaNet on the upswing
3U HOLDING AG has significantly increased earnings in the first half-year
of 2010. With Group sales that expectedly decreased from EUR 48.35 m to EUR
41.93 m net profit for the period increased by 1.75 m to 2.02 m. At EUR
5.50 m, EBITDA of the reporting period was approximately EUR 1.00 m below
the level of the first six months 2009 (EUR 6.56 m). Once-only
extraordinary expenses in the amount of roughly EUR 0.70 m contributed
decisively to this decline. Earnings per share are reported at EUR 0.05
after the first half-year. Due to the satisfying business development, 3U
HOLDING AG continues to report a very solid equity ratio. It has improved
on a continual basis since the year 2005 and at June 30, 2010 exceeded with
51.73% the 50% mark for the first time.
Substantial resources have been concentrated within the 3U Group and a new
organizational structure was established in the reporting period. Today,
the 3U Group consists of four divisions and the group-wide Holding. The
Telephony and Broadband/IP segments continue to dominate the results of the
Group. 'We aim to stabilize the revenues in the Telephony segment on the
current level. In the Broadband/IP segment we anticipate a growing demand
in future, however, in a very competitive market environment and an
accompanying tendency of reduced prices', says Board Member Michael
Schmidt. 'The newly established segments 'Services' and especially
'Renewable Energies' have very promising growth prospects and are expected
to contribute considerably to the Group's results in the following
quarters' adds fellow Board Member Michael Göbel.
With the implementation of the package of measures, decided on in the
fourth quarter of 2009, a sustainable trend reversal was initiated at
LambdaNet. Accordingly, business figures have developed positively during
the first half-year: Net income came in at EUR 0.79 million, while in the
previous year a considerable negative half year net result was reported.
The Management Board reaffirms its most recent forecast and still expects
the 3U Group to realise external revenues of around EUR 85 m, an EBITDA of
around EUR 13 m, and a net income of around EUR 3 m for 2010. For 2011 the
Management Board expects revenues to be between EUR 82 m and EUR 90 m,
EBITDA between EUR 12 m and EUR 14 m, and a Group result between EUR 3.5 m
and EUR 5 m.
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
13.08.2010 07:30 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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(at)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 News DGAP News-Service
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Datum: 13.08.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 31995
Anzahl Zeichen: 0
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Kategorie:
Business News
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