3U HOLDING AG with a successful start in the new business year

(PresseBox) ( Marburg, )
- Turnaround at Subsidiary LambdaNet
- Further incorporations of enterprises and acquisitions

3U HOLDING AG was able to significantly improve profits in the first three months. Given Group sales that decreased from EUR 24.77 m to EUR 20.99 m due to the expected decline in the fixed-line telephony segment, net profit for the period increased significantly from TEUR 127 to TEUR 663.

At EUR 2.97 m, EBITDA of the reporting period was almost on the same level as in the first three months 2009 (EUR 3.06 m). The result improved by TEUR 536 in the first three months 2010, compared to the respective period last year. Earnings per share are reported at EUR 0.02 after the first quarter.

The 3U HOLDING AG continues to show a very solid equity ratio. This ratio continuously changed for the better and was at 49.96% on March 31, 2010 – after being at 47.75% on December 31, 2009.

The Groups’ liquid assets decreased from EUR 33.29 m on December 31, 2009 to EUR 30.14 m on March 31, 2010. Besides the redemption payments for loan and lease liabilities of the segment broadband/IP, mostly investments into the new Groups’ Headquarters as well as the development of new business units lead to a decrease of the liquid funds.

With the far-reaching package of measures, which LambdaNet’s management decided on in the fourth quarter of 2009, a trend reversal was initiated at the Subsidiary and a significant improvement of all relevant key figures was achieved. Therewith the Company develops according to plan and should at least double EBITDA in the current business year and achieve a substantial positive result in 2011.

The investment portfolio was further expanded in the first quarter 2010. 3U HOLDING AG founded the management consultancy RISIMA Consulting GmbH, together with a partner already established in this market segment. The consultancy portfolio of RISIMA Consulting GmbH is based on innovative maturity models in the areas of business process and risk management, IT strategy and security as well as knowledge management and is being offered to medium-sized enterprises as from the second quarter of 2010.

In March 2010 3U HOLDING AG acquired a majority holding in EuroSun Vacuum-Solar-Systems GmbH. EuroSun Vacuum-Solar-Systems is an enterprise for the development, production and sale of electrical industry products and environmental technology goods, among others, for thermal solar plants and the ORC technology involved in the generation of electrical power from heat. It is thus a significant component of the Group’s strategy in the area of renewable energy.

Also in March 2010, 3U DYNAMICS GmbH was founded. From now on all sales and marketing resources, which are and can be deployed group-wide for more than one affiliated company will be bundled under 3U DYNAMICS.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.