DGAP-News: 3U HOLDING AG: Good start to the year at 3U HOLDING AG

3U HOLDING AG / Interim Report

26.05.2009 

Release 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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As expected, Group sales in the first three months of the current financial
year fell by EUR 1.28 million to EUR 24.77 million against the same period
last year (EUR 26.02 million). The shrinking market brought a fall in
fixed-line telephony revenue which was unable to be compensated for by the
rise in broadband/IP sales. Profit figures, however, were up significantly
over the same period. Earnings before interest, tax, depreciation and
amortisation (EBITDA) of EUR 3.06 million were EUR 0.74 million up on the
same period last year (EUR 2.32 million), and significant growth was also
seen in earnings before tax (EBT) and final net profit for the period, with
EBT at EUR 0.49 million (EUR -0.33 million) and final net profit for the
year at EUR 0.13 million (EUR -0.42 million). This equates to earnings per
share of EUR 0.002.

Balance sheet ratios remained highly robust. The equity ratio is now 45.93%
as opposed to 44.89% at 31st December 2008. Operating cash flow of EUR 1.00
million was EUR 2.39 million higher than the same period last year. Due to
capital repayments on LambdaNet loans and lease obligations, own-share
buy-backs and pre-paid network leases, Group cash and cash-equivalents
ended the quarter down from EUR 35.47 million at 31st December 2008 to EUR
30.99 million at 31st March 2009.

The planned growth in our corporate investment portfolio has not yet
yielded any visible success. 'Nevertheless, our sceptical response to the
business plans submitted by companies looking to acquire capital and our
reticence in committing fresh investment funds have paid off', explains CFO
Oliver Zimmermann. 'Any investment made in 2008 would have lost value by
now. Having said that, we've now intensified our efforts to increase our
deal-flow and stimulate a growing number of enquiries from attractive
businesses. Right now, none of these businesses has been able to meet all
of our detailed requirements, but it's just a matter of time', adds fellow
CTO Michael Schmidt.

Contact:
Peter Alex
Head of Investor Relations

3U HOLDING AG
Neue Kasseler Straße 62 F
D-35039 Marburg
Tel.:  + 49 (0)6421 999-1200
Fax:   + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net


DGAP 26.05.2009 
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Language:     English
Issuer:       3U HOLDING AG
              Neue Kasseler Str. 62 F
              35039 Marburg
              Deutschland
Phone:        +49 (0)6421/999-1200
Fax:          +49 (0)6421/999-1222
E-mail:       IR@3U.net
Internet:     www.3u.net
ISIN:         DE0005167902
WKN:          516790
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
 
End of News                                     DGAP News-Service
 
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