Press release BoxID: 463292 (3U HOLDING AG)
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3U HOLDING AG publishes 9-months report 2011

Encouraging earnings situation after the sale of LambdaNet / Equity Ratio at 85% / Growth driver segment Renewable Energies

(PresseBox) (Marburg, ) 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: