DGAP-News: 3U HOLDING AG published final results 2010
(firmenpresse) - DGAP-News: 3U HOLDING AG / Key word(s): Final Results
3U HOLDING AG published final results 2010
01.04.2011 / 11:54
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- Revenue as expected declined to EUR 82.4 million
- Earnings increased to EUR 5.83 million
- EBITDA decreased to EUR 6.42 million due to one-time special items
- Equity ratio increased to 51.76%
- Positive start to the year 2011 - Positive outlook confirmed
- Proposed dividend of EUR 0.02
3U HOLDING AG (ISIN DE0005167902) published its annual report for fiscal
year 2010.
Group sales expectedly decreased significantly from EUR 92.08 million by
EUR 9.68 million to EUR 82.40 million. Mainly responsible is the segment
Telephony which has to compete in a rapidly shrinking market in which the
level of competition continues to be high. This sharp drop in sales could
not be compensated by the new business segments yet, since the available
resources had to be temporarily used in fundamentally important projects,
which will contribute only in the medium term to sustainable business
success.
With an EBITDA of EUR 6.42 million, EBITDA was halved compared to fiscal
year 2009 (EUR 13.24 million). In addition to lower profits from the
segment Telephony also various one-time special items contributed to this.
Also influenced by one-time special items, the Group increased its earnings
decisively to EUR 5.83 million after reporting just slightly positive
earnings of EUR 0.04 million the previous year.
With EUR 78.00 million total assets remained almost unchanged compared to
the previous year level of EUR 78.32 million. As a result of the net profit
for the year, equity increased by EUR 2.9 million from EUR 37.41 million to
EUR 40.31 million. It should be noted, that a capital reduction of
3,244,714 shares (6.93% of the share capital) was made in the past
financial year and an additional 4.14 million shares were in the possession
of 3U HOLDING AG on the balance sheet date. Accordingly, the corresponding
equity attributed to each share rose by EUR 0.20 to EUR 1.02 as at December
31, .2010. The equity ratio has improved steadily since 2005, exceeding the
mid 50% mark for the first time in the middle of the year. At December 31,
2010, the equity ratio was at 51.76% compared to 47.75% as at 31 December
2009.
Liquid funds decreased from EUR 33.29 million (December 31, 2009) to EUR
29.14 million as at December 31, 2010. Compared to the status at the end of
the third quarter 2010 (EUR 26.87 million) this represents a rise of EUR
2.27 million It should be noted that in the past fiscal year, approximately
EUR 4.80 million (2009: EUR 4.17 million) were invested primarily in the
development of the technical locations and the new Group headquarters as
well as in the development of new business areas.
Due to the positive development of the Group, which continues at the
beginning of 2011, the Management Board of 3U HOLDING AG expects sales of
about EUR 100 to 110 million, EBITDA of EUR 12.0 to 14.0 million and
earnings of about EUR 4.0 to 5.5 million in fiscal year 2011.
The Supervisory Board of 3U HOLDING AG approved the Management Board's
resolution to propose a dividend payment of EUR 0.02 per share from the net
retained earnings for fiscal 2010 at the Annual General Meeting to be held
in Marburg on May 26, 2011.
The Annual Report 2010 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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01.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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(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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118092 01.04.2011
Datum: 01.04.2011 - 11:54 Uhr
Sprache: Deutsch
News-ID 33688
Anzahl Zeichen: 0
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Kategorie:
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