DGAP-News: 3U HOLDING AG publishes 9-months report 2011
(firmenpresse) - DGAP-News: 3U HOLDING AG / Key word(s): Quarter Results
3U HOLDING AG publishes 9-months report 2011
15.11.2011 / 07:30
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- Encouraging earnings situation after the sale of LambdaNet
- Equity Ratio at 85%
- Growth driver segment Renewable Energies
Consolidated sales in the first nine months of fiscal 2011 compared to the
same period last year are down as expected by EUR 1.64 million and came in
at EUR 60.69 million (previous year: EUR 62.33 million). Sales growth in
the segment Renewable Energies almost compensated the lost sales in the
discontinued segment Broadband/IP and the decline in sales in the segment
Telephony.
The result of the year 2011 is determined primarily by the sale of
LambdaNet. On May 19, 2011 3U HOLDING AG sold its subsidiary LambdaNet
Communications Deutschland AG. From this transaction results a one-time
earnings contribution of around EUR 27 million. The liabilities assumed by
the acquirer amount to EUR 7.8 million and will be repaid in the next five
years.
EBITDA has improved significantly, especially through the special item of
the sale of LambdaNet in the first nine months of this year and was EUR
30.96 million (previous year: EUR 7.21 million). The result in the first
nine months of 2011 came in at EUR 28.30 million, roughly EUR 26 million
higher than earnings for the first nine months of 2010.
The equity ratio of 3U HOLDING AG improved significantly after the sale of
LambdaNet and stands at 85 % as at September 30, 2011. Cash and cash
equivalents declined moderately from EUR 33.72 million (June 30, 2011) to
EUR 32.92 million (September 30, 2011). It should be noted that EUR 2.90
million were spent for the repurchase of 3.43 million shares in this
period.
With the segment Renewable Energies the 3U Group profits increasingly from
the progressive change in energy generation. In the future, the Group will
be more broadly positioned in this field and will expand its product and
service portfolio continuously and increasingly in the field of
consultation/planning and project development.
The quarterly report as at September 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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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.netInternet: 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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146286 15.11.2011
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Datum: 15.11.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 87711
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