DGAP-News: 3U HOLDING AG publishes half-year report 2011
(firmenpresse) - DGAP-News: 3U HOLDING AG / Key word(s): Interim Report/Change in
Forecast
3U HOLDING AG publishes half-year report 2011
15.08.2011 / 08:00
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* LambdaNet sale leads to jump in earnings
* Equity ratio at almost 85%
* Adjusted forecast: Higher earnings target but less sales in 2011
Group sales at EUR 47.50 million increased markedly in the first half of
2011 in comparison to the corresponding period of the previous year (EUR
41.93 million). Especially the segment Renewable Energies was more than
able to compensate the losses of sales in the segments Broadband/IP and
Telephony.
The result of the second quarter was determined primarily by the sale of
LambdaNet on May 31, 2011. EBITDA has improved significantly, especially
due to the special effect of the sale of LambdaNet in the first six months
of this year and was EUR 31.65 million (previous year: EUR 5.5 million).
The result in the first half of 2011 amounted to EUR 28.66 million and were
- not considering the one time effect of the LambdaNet sales of EUR 26.94
million - roughly at the level of the first six months of fiscal year 2010
(EUR 1.93 million).
3U HOLDING AG improved it's already very solid equity ratio after the sale
of LambdaNet by 30 percentage points to almost 85% as at June 30, 2011.
This represents an increase of the equity ratio of 52.5%.
As at June 30, 2011 cash and cash equivalents rose from EUR 23.06 million
(March 31, 2011) to EUR 33.72 million mainly due to the received sales
price from the LambdaNet sale. Inventories and accounts receivables which
rose to EUR 25.41 million as at June 30, 2011 (12/31/2010: EUR 12.53
million) caused predominantly by the segment Renewable Energies, will be
significantly reduced in the second half of 2011.
Because of the higher-than-planned earnings in the segment Telephony and
the highly volatile prices of modules in the photovoltaic market, which
suggests a temporary restraint in this market the Management Board of 3U
HOLDING AG adjusts its forecast for the current year: The Management Board
expects sales of about EUR 70 to 80 million (hitherto: EUR 85 to 95
million), EBITDA of EUR 32 to 35 million (hitherto: EUR 5 to 7 million) and
earnings of about EUR 27 to 29 million (hitherto: EUR 26 to 28 million)
from continued and discontinued activities in fiscal year 2011.
The half-year report as at June 30, 2011 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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15.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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135633 15.08.2011
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