DGAP-News: UR Holding S.p.A. publishes provisional figures for the 2009 financial year

UR Holding S.p.A. / Preliminary Results

05.05.2010 07:32 

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UR Holding S.p.A. publishes provisional figures for the 2009 financial year

  - Consolidated sales of EUR32.53 million (previous year: EUR32.05
    million) slightly up on previous year

  - EBIT of EUR0.35 million (previous year: EUR0.48 million)

  - Consolidated result of EUR-0.26 million (previous year: EUR-0.16
    million)negatively impacted by one-time write-downs

  - Positive outlook for 2010 thanks to well-filled order book and good
    operational performance in the first quarter of 2010

Milan, 5 May 2010: UR Holding S.p.A. (SIN: A0LBEG/ISIN: IT0003463772)
hereby publishes its preliminary figures for the 2009 financial year.

UR Holding S.p.A. asserted its position in the prevailing difficult market
environment in the 2009 financial year. Despite the economic downturn and
falling demand on the market for electronic components, consolidated sales
increased to EUR32.53 million (previous year: EUR32.05 million). The
operating result (EBIT) amounted to EUR0.35 million and was therefore
somewhat below the previous year's figure of EUR0.48 million. At EUR-0.26
million, the consolidated result in 2009 was also slightly down on the
previous year figure of EUR-0.16 million. This resulted in earnings per
share of EUR-0.04 (previous year: EUR-0.02). Consolidated earning in 2009
were negatively impacted particularly by the revaluation of balance sheet
items, receivables corrections and growth investments in the Communication
division.

At the reporting date of 31 December 2009, total assets amounted to
EUR15.21 million(31 December 2008: EUR17.66 million). Equity
at the end of the reporting period amounted to EUR5.99 million (31 December
2008: EUR6.18 million) with an equity ratio of 39%. Cash and cash
equivalents at 31 December 2009 totalled EUR2.22 million (31 December 2008:
EUR2.39 million).

'We were already able to counter the effects of an ongoing difficult market
environment at an early stage through the adjustment and targeted further
development of our corporate strategy. In particular, the focus on existing
and new Tier 1 customers in our Power and Communication divisions and the
expansion of our value-added services proved to be an adequate step in the
current market environment. The Procurement, Sourcing and Supply Chain
Management service divisions met with a positive response and developed
better than expected. And the entire development from the competitive
single components trade (semi-conductors) through to the provision of
integrated complete solutions and systems also strengthened the competitive
position of UR Holding S.p.A,' says Stefan Haas, Chief Financial Officer of
UR Holding S.p.A.

 'Through the expansion of our range of services and the associated
possibility of offering complete systems and services, we have once again
geared ourselves to the increased demands of the market. We are also in a
position to expand our business activities in sectors such as defence,
transportation, security and broadcasting which are less dependent on the
general economic situation. Precisely in view of the positive operating
performance and order book in the current 2010 financial year, we consider
the new corporate strategy that has been embarked upon to be an important
factor in setting the course for continued successful corporate
performance. We will continue to review carefully any further opportunities
arising from the current market situation as well as opportunities for
organic and inorganic growth,' continues Stefan Haas.

 

The Management Board

About UR Holding:
UR Holding, listed on the Entry Standard since November 2006, was
established in 1996 and is one of the leading European demand creation and
sales companies for electronic high-tech components for embedded system
solutions. UR Holding combines crucial technological comprehension with
extensive expertise in the field of embedded systems, therefore
contributing to a better definition as well as assembly and production of
embedded system applications on behalf of its partners.




Unternehmenskontakt:

UR Holding S.p.A.
Viale Edison, 44
20090 Trezzano S/N - Milano
Italy
Tel. +39 02 48 40 15 8 - 0
Fax  +39 02 48 40 15 8 - 1

financials@ur-home.it
www.ur-home.com


Investor Relations:

GFEI AG
Hamburger Allee 26-28
60486 Frankfurt am Main
Germany
Tel. +49 (0)69 - 743 037 - 0
Fax  +49 (0)69 - 743 037 - 22

ir-urgroup@gfei.de
www.gfei.de





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