UR Holding S.p.A. / Key word(s): Quarter Results
15.11.2010 18:13
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UR Holding S.p.A.
Publication of the 2010 Mid-term Report
- Consolidated bookings increase by more than 30% to EUR31.0m (previous
year EUR23.2m)
- Consolidated sales are now EUR26.0m and on the same level as 2009
(previous year EUR26.3m) and are supported by a strong order backlog of
EUR11.8m
- Group EBIT increased by 83% and has now reached EUR1.0m (previous year
EUR0.6m)
- Positive trend continues and positive outlook for 2010 reinforced
Milan, 15 November 2010: UR Holding S.p.A.(SIN: A0LBEG/ISIN IT0003463772)
today published its nine-month report 2010.
The positive development in bookings in the first half of 2010 continued in
the third quarter of 2010. In the reporting period from 1 January 2010 to
30 September 2010, consolidated bookings amounted to EUR31.0m (previous
year EUR23.2m), 33.6% above the comparable prior-year figures. Although the
revenues in the first nine months of 2010 (Q3 2010: EUR26.0m) are on the
same level as in the previous year (Q3 2009: EUR26.3m), the EBIT increased
by 83% and has now reached EUR1.0m (Q3 2009: EUR0.6m).
Sales and earnings for the first nine months 2010 still do not yet fully
reflect the strategic success of the group as the situation with the
significantly increased lead-times from manufacturers is still in the
market. The positive trend is expected to continue, supported by a strong
backlog (EUR11.8m) and stable bookings.
At the reporting date of 30 September 2010 total assets amounted to
EUR18.3m (30 September 2009 EUR16.8m). With equity of EUR6.7m (30 September
2009 EUR6.4m), the equity ratio is stable at 36.6%.
'Although the worldwide economy and market environment is still
challenging, UR succeeded in making further progress in implementing our
strategy of entering into new markets and business segments.
As part of our communication strategy and penetration into new markets, we
have also launched our new Corporate Website (www.ur-group.com). This can
be considered as an interactive platform to meet the demands of our
customers and to support our sales team in the most efficient way.
The strong booking numbers over the last six months are the
'proof-of-concept' for the steps we have taken. UR was able to expand its
presence into new markets such as:
Transportation/Railway (http://www.ur-group.com/index.php?segPath=2),
Defence (http://www.ur-group.com/index.php?segPath=1),
Broadcasting & Communication (http://www.ur-group.com/index.php?segPath=3)
and
Security (http://www.ur-group.com/index.php?segPath=4)
We have seen that a substantial contribution to our increased sales and
profitability has come from exactly these markets. Our activities in North
America are ramping up and we expect further contributions from our
Supply-Chain-Division (http://www.ur-group.com/index.php?segPath=7)',
remarked Stefan Haas, CFO UR Group.
The Management Board
About UR Holding:
Founded in 1996 and headquartered in Milan, UR Holding
S.p.A. is a specialized and focused sales organization for electronic high-
tech components and systems in the electronics industry. Unlike
conventional sales companies, UR has far-reaching technological expertise,
an international group structure, a comprehensive understanding of the
market and a selective range of additional value-added services. Thanks to
this unique market positioning, UR is one of Europe's leading demand
creation companies in the electronics industry.
Contact:
UR Holding S.p.A., Viale
Edison 44, 20090 Trezzano S/N (MI), Italy
Phone: +39 02 4840 1580 / Fax: +39 02 4840 1581 / shaas@ urgroup.it/
www.ur-home.com
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DGAP-News: Publication of the 2010 Mid-term Report
| Source: EQS Group AG