3U HOLDING AG (ISIN DE0005167902) issued a forecast for the business years 2010 and 2011 on the occasion of today's publication of the annual report 2009. The Management Board expects for the Group external sales of EUR 85m, EBITDA of EUR 13m and earnings of EUR 3m for 2010. For 2011 the Management Board expects sales of EUR 82m - 90m, EBITDA of EUR 12m - 14m and earnings of EUR 3.5m - 5m.
The final 2009 financial year end numbers confirm the preliminary results which were announced on March 3, 2010. 3U HOLDING AG has reached sales of EUR 92.1m (2008: EUR 107,5m) and an EBITDA of EUR 13.2m (2008: EUR 9.6m) in the business year 2009. With an EBITDA margin of about 14.4 percent EBITDA lay about 38.6 percent above EBITDA of the business year 2008 (EUR 9.55m). EBT was increased by about EUR 7.0m from EUR -3.9m to EUR 3.0m. Due to a larger tax burden and the extraordinary expenditures at the Subsidiary LambdaNet the result could not be increased in the same extent. However a positive result of TEUR 40 was achieved, after a deficit of EUR 4.0m the year before.
In the fourth quarter 2009 sales of EUR 21.3m (Q4 2008: EUR 26.7m), EBITDA of EUR 2.5m (Q4 2008: EUR 1.0m) and earnings of EUR -1.0m (Q4 2008: EUR -1.0m) were achieved. The result of the fourth quarter in 2009 was strained by nonrecurrent expenses in the amount of EUR 1.2m in connection with the reorganisation measures within LambdaNet. At the Subsidiary a series of synergetic measures were enacted in the fourth quarter, which will mostly come into effect in the business year 2010 and which will lead to a significant improvement of the result. In addition, a wide spectrum of reduction in costs measures will come into effect, which will partly include the reduction of jobs.
Operating cash flow was increased by 27.3% from EUR 8.0m to EUR 10.2m. The liquid funds of 3U HOLDING AG as of December 31, 2009 were reported at EUR 33.3m, EUR 2.2m below the EUR 35.5m reported on December 31, 2008. Whereby one should consider that a total of EUR 7.7m flowed out in 2009 as repayments for bank and leasing liabilities for the Subsidiary LambdaNet. LambdaNet's bank liabilities have thus been fully repaid.
The final 2009 financial year end numbers confirm the preliminary results which were announced on March 3, 2010. 3U HOLDING AG has reached sales of EUR 92.1m (2008: EUR 107,5m) and an EBITDA of EUR 13.2m (2008: EUR 9.6m) in the business year 2009. With an EBITDA margin of about 14.4 percent EBITDA lay about 38.6 percent above EBITDA of the business year 2008 (EUR 9.55m). EBT was increased by about EUR 7.0m from EUR -3.9m to EUR 3.0m. Due to a larger tax burden and the extraordinary expenditures at the Subsidiary LambdaNet the result could not be increased in the same extent. However a positive result of TEUR 40 was achieved, after a deficit of EUR 4.0m the year before.
In the fourth quarter 2009 sales of EUR 21.3m (Q4 2008: EUR 26.7m), EBITDA of EUR 2.5m (Q4 2008: EUR 1.0m) and earnings of EUR -1.0m (Q4 2008: EUR -1.0m) were achieved. The result of the fourth quarter in 2009 was strained by nonrecurrent expenses in the amount of EUR 1.2m in connection with the reorganisation measures within LambdaNet. At the Subsidiary a series of synergetic measures were enacted in the fourth quarter, which will mostly come into effect in the business year 2010 and which will lead to a significant improvement of the result. In addition, a wide spectrum of reduction in costs measures will come into effect, which will partly include the reduction of jobs.
Operating cash flow was increased by 27.3% from EUR 8.0m to EUR 10.2m. The liquid funds of 3U HOLDING AG as of December 31, 2009 were reported at EUR 33.3m, EUR 2.2m below the EUR 35.5m reported on December 31, 2008. Whereby one should consider that a total of EUR 7.7m flowed out in 2009 as repayments for bank and leasing liabilities for the Subsidiary LambdaNet. LambdaNet's bank liabilities have thus been fully repaid.
