3U HOLDING AG: WITHDRAWAL FROM THE SALE OF THE WIND FARM PROJECT

  • Wind farm development is being driven by 3U
  • Commissioning in spring 2016
  • Sales and earnings impact in 2015 is more than offset by future sales and profits

Marburg, December 20, 2015 – 3U HOLDING AG (ISIN DE0005167902) had announced the sale of a wind farm project with 2 wind turbines each of 3.3 MW on September 28, 2015. Today the parties have stated that there is no consensus alternative to rescind the contract.

The execution of the purchase contract and the amount as well as the maturity of the purchase price was conditioned upon the occurrence of various terms and scenarios. Associated with these were mutual rights of subsequent improvement resp. withdrawal. It has been determined on both sides that some conditions were not met, and so the contract was cancelled.

3U ENERGY PE GmbH will push ahead the construction of the wind farm, so that the initial operation is still scheduled for the second quarter 2016.

The shift of sales and earnings in coming reporting periods has a corresponding impact on the consolidated figures for the current year. The essential target figures will barely reach the lower limit of the prognosis to date:

Business year 2015 Prognosis to date Prognosis updated
Sales (in EUR m) 50 – 53 47 – 50
EBITDA (in EUR m) 4.0 – 6.0 3.5 – 4.5
Earnings (in EUR m) -1.0 – 1.0 -1.3 – -0.9

By advancing the wind farm Lüdersdorf II project under own responsibility a greater share of value added remains in the 3U Group. Accordingly, the sales and earnings impact in 2015 will be more than offset by future sales and earnings.

In addition, it must be noted that in the fourth quarter 2015 the first positive quarterly earnings at the Group level of the last four years is expected, despite the lack of the one-off effect of the sale proceeds.

A forecast for the 2016 financial year will be announced in the first quarter of 2016. The consolidated financial statements 2015 will be published on March 22, 2016.

 

Contact:

Peter Alex
Head of Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg

Tel.:     +49 (0)6421-999-1200
Fax.:    +49 (0)6421-999-1222
Mobil:  +49 (0)162-249 96 74

Email: ir@3u.net
www.3u.net

3U HOLDING AG: Directors’ Dealings Notification (J. Beck-Bazlen)

November 30, 2015

Directors’ Dealings notification transmitted by DGAP – a service of EQS Group AG.
The person with duty of notification is solely responsible for the content of this announcement.

————————————————————————————————————–

Details of the person subject to the disclosure requirement
Last name: Beck-Bazlen
First name: Jürgen

Position: Member of an administrative or supervisory body

Information about the transaction with duty of notification

Description of the financial instrument: 3U HOLDING share
ISIN/WKN of the financial instrument: DE0005167902
Type of transaction: Purchase
Date: 27.11.2015
Price: 0.63
Currency: EUR
No. of items: 20.000
Total amount traded: 12.600,00
Place: XETRA

Information about the company with duty of publication

Issuer: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Deutschland
ISIN: DE0005167902
WKN: 516790

3U HOLDING AG: Suspension of the share buyback

Marburg, November 12, 2015 – The Management Board of 3U HOLDING AG (ISIN DE0005167902) has decided to suspend the share buyback program ongoing since May 2, 2013 on November 13, 2015 today.

The Management Board of 3U HOLDING AG had decided on the basis of the authorisation granted by the annual general meeting of May 31, 2012 to repurchase up to 10% of its own shares (up to 3,531,401 shares) on the stock exchange during the period from May 1, 2013 until not later than May 30, 2017. The authorization by the AGM allows the Management Board the right to suspend the share buyback at any time, in accordance with the legal requirements to be observed.

In the scope of the share buyback programme started on May 2, 2013, 2,165,560 shares at an average price of around EUR 0.57 were repurchased by November 6, 2015; corresponding to 6.13% of the share capital of EUR 35,314,016.00.

The Management Board reserves the right to resume the share buyback at any time, in accordance with the legal requirements. The shares may be used for all purposes according to the authorization given by the resolution of the Annual General Meeting of May 31, 2012. A decision has not been passed in this regard yet.

 

Contact:

Peter Alex
Head of Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg

Tel.:     +49 (0)6421-999-1200
Fax.:    +49 (0)6421-999-1222
Mobil:  +49 (0)162-249 96 74

Email: ir@3u.net
www.3u.net

3U HOLDING AG: Increase in the stake of Selfio GmbH

  • Purchase of 40% of the shares in Selfio for EUR 2.0 million
  • 3U HOLDING AG becomes the sole shareholder
  • Successful Online trading will be further expanded

Marburg, November 10, 2015 – 3U HOLDING AG (ISIN DE0005167902) will completely take over Selfio GmbH with effect from 31.12.2015. The purchase price for the 40% shares to be transferred amounts to EUR 2.0 million. The purchase decision is based on an external valuation.

Selfio GmbH was founded on June 1, 2011 by contribution of the predecessor company by the previous partners with an equity interest in the amount of TEUR 500 as well as a cash contribution of 3U HOLDING AG in the amount of TEUR 750 and therefore has a share capital of EUR 1.25 million.

Selfio GmbH has been able to increase its sales by more than 60% p. a. on average since its foundation and achieves disproportionately increasing positive earnings since 2013. In the current year sales are expected to amount to around EUR 12 million and earnings to around EUR 0.5 million. The positive business development will lead to sharply rising sales and earnings and in total to a further increase in enterprise value in the coming years, supported by a wider range of products and by addressing additional customer segments.

 

Contact:

Peter Alex
Head of Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg

Tel.:     +49 (0)6421-999-1200
Fax.:    +49 (0)6421-999-1222
Mobil:  +49 (0)162-249 96 74

Email: ir@3u.net
www.3u.net

3U HOLDING AG: Sale of a wind farm project

  • Project Windpark Lüdersdorf II sold to investor
  • 2 wind turbines, each with a nominal power of 3.3 MW
  • Execution of the contract is still subject to conditions

Marburg, September 28, 2015 – 3U HOLDING AG (ISIN DE0005167902) announces the sale of a wind farm project, with 2 wind turbines of 3.3 MW nominal power each. Today, 3U ENERGY AG, a subsidiary of 3U HOLDING AG, signed a contract for the sale of all shares in the Märkische Windkraft 110 GmbH & Co. KG, based in Berlin. Within this 100% subsidiary of 3U ENERGY AG are the project rights for the Windpark Lüdersdorf II. This wind farm developed by 3U ENERGY PE GmbH consists of 2 to be built wind turbines by the manufacturer Vestas type V 112, each with a nominal power of 3.3 MW, a hub height of 119 meters and a rotor diameter of 112 m.

The project management for the construction of the wind farm is carried out by 3U ENERGY PE GmbH. The initial operation of the wind turbines as well as the acceptance by the investor is expected in the second quarter of 2016.

The execution of the purchase contract and the amount as well as the maturity of the purchase price is conditioned upon the occurrence of various terms and scenarios. Associated with these are mutual rights of subsequent improvement resp. withdrawal.

3U HOLDING AG expects a positive contribution to earnings from the sale for the financial year 2015 and confirms the forecast most recently given in August 2015 for the current year with sales between EUR 50 million and EUR 53 million, an EBITDA of between EUR 4.0 million and EUR 6.0 million and earnings between EUR -1 million and EUR 1 million.

3U HOLDING AG: Release of Quarterly report II/2015

  • EBITDA increased to EUR 1.84 million
  • Group results as planned
  • Permission for wind power plants received

Marburg, August 14, 2015 – 3U HOLDING AG (ISIN DE0005167902) today published its quarterly report II/2015. The 3U Group develops as planned and increased its profitability significantly compared to the prior-year period. The Group‘s key figures for the first half of fiscal year 2015 compared to the same period last year, are as follows:

Jan 1 – Jun 30, 2015 Jan 1 – Jun 30, 2014
Sales (in m EUR) 22.53 24.52
EBITDA (in m EUR) 1.84 -0.41
Group earnings (in m EUR) -0.91 -1.50
Equity ratio (in %) 50.85 58.33
Cash & cash equivalents (in m EUR) 11.16 17.89

Sales in the segment Services and particularly in the segment Renewable Energies were expanded. Due to the sales decline in the segment Telephony Group sales decreased by 1.99 m EUR in comparison to the first half of 2014.

EBITDA has increased significantly compared to the same period last year and was in the first and second quarter on the same level. While in the first half year of 2014 a negative EBITDA of EUR –0.41 m had to be accepted, EBITDA in the first half year of fiscal 2015 amounted to EUR 1.84 m.

The Group result is with EUR -0.91 m according to the plan, which provides for a much better second half of the year.

Permission for construction and operation of wind power plants

Against the background of the highly complex procedure for approval of a wind farm, we received the long-awaited permit decision for our first self-developed wind farm.

The order for the wind power plants will now be executed shortly so that the construction can be guaranteed no later than June 30, 2016. Parallel to the construction process, we will have sales negotiations with interested parties and as of today, we expect to achieve corresponding sales in the second half of the year.

The quarterly report Q1/2015 can be downloaded from the website of 3U HOLDING AG: www.3u.net.

3U HOLDING AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution May 7, 2015

On May 7, 2015, Mr Matthias Zettler, Germany, has informed us according to Article 21, Section 1 of the WpHG (German Securities Trading Act) that via shares his Voting Rights on 3U HOLDING AG, Marburg, Germany, have exceeded the 3% threshold of the Voting Rights on May 6, 2015 and on that day amounted to 3.53% (this corresponds to 1,247,076 Voting Rights).

3.16% of Voting Rights (this corresponds to 1,115,076 Voting Rights) are attributed to Mr Zettler in accordance with Article 22, Section 1, Sentence 1, No. 6 of the WpHG.

Information according to Article 22 Section 4 of the WpHG: Date of the general meeting of 3U HOLDING AG: May 21, 2015. The total percentage of Voting Rights after the general meeting is as follows: 0,37% (this corresponds to 132,000 Voting Rights).

3U HOLDING AG: Release according to Article 26, Section 1 of the WpHG April 29, 2015

Voting rights announcement according to § 26 para. 1 sentence 2 WpHG

Marburg (29.04.2015/18:25) – 3U HOLDING AG, Marburg, Deutschland informs according to Article 26, Section 1 Sentence 2 of the WpHG that its Voting Rights in own shares have exceeded the 5% limit of the Voting Rights on April 29, 2015 and on that day amounted to 5.0088% (this corresponds to 1,768,793 Voting Rights).

3U HOLDING AG: Consolidated Financial Statements 2014 and forecast for 2015 approved by the Supervisory Board

Marburg, March 26, 2015 – At today’s accounts review meeting the Consolidated Financial Statements and the Financial Statements of 3U HOLDING AG for fiscal year 2014, as well as the forecasts for the current fiscal year, were approved by the Supervisory Board.

The Company‘s key figures for the fiscal year 2014 compared to the same period last year, are as follows:

Annual comparison 1/1 – 12/31/2014 1/1 – 12/31/2013
Sales (in EUR million) 49.24 39.71
EBITDA (in EUR million) -0.17 -3.08
Consolidated earnings (in EUR million) -3.24 -4.12
Earnings per share (in EUR) -0.09 -0.12
Equity ratio (in %) 48.6 80.13

The Group achieved its forecasted ranges of planned figures for 2014. The segments have partially contributed differently than originally planned. The segment Telephony developed very well and excelled planning in all key financial indicators, while the segments Services and Renewable Energies lagged behind planning.

In the financial year 2014, the Group has invested a total of EUR 22.14 million in non-current assets. These investments were mainly investments in the data center property in Hanover and the purchase of the wind farm Langendorf. As a result, not only total assets increased significantly, but also the equity ratio decreased accordingly due to debt financing of both objects.

In addition, in today’s accounts review meeting, the forecast for the current fiscal year was adopted. Thereafter, the Management Board of 3U HOLDING AG expects for fiscal year 2015 consolidated sales of between EUR 54 million to EUR 58 million, an EBITDA of EUR 4.0 million to EUR 6.0 million and earnings of between EUR –1.0 million and EUR 1.0 million. With this forecast it should be noted that the partial or entire sale of Subsidiaries belongs to the corporate purpose of 3U HOLDING AG as a holding company and can lead to positive special effects. However, there are limitations to plan net income therefrom and it is therefore disregarded in the preceding prognosis. On the other hand 3U HOLDING AG plans to grow inorganically through acquisitions in 2015/2016.

The Annual Report 2014 will be published on March 31, 2015.

3U HOLDING AG: Release of Quarterly report I/2015

  • EBITDA increased to EUR 0.95 million
  • Group results as planned
  • First time positive earnings contribution of segment Renewable Energies

Marburg, March 13, 2015 – 3U HOLDING AG (ISIN DE0005167902) today published its quarterly report I/2015. The 3U HOLDING AG Group had a good start into fiscal year 2015 and increased its profitability compared to the prior-year period. In a still difficult and challenging market environment with strong competition the positive development of key earnings figures continues. The Group‘s key figures for the first quarter of fiscal year 2015 compared to the same period last year, are as follows:

qoq 1. 1.–31.03.2015  1. 1.–31.03.2014
Sales (in EUR million) 11,56 12,19
EBITDA (in EUR million) 0,95 –0,44
Earnings (in EUR million) –0,36 –0,89
Balance sheet total (in EUR million) 83,56 57,07
Equity ratio (in %) 49,27 78,11
Cash & cash equivalents (in EUR million) 15,60 6,90

Sales in the segment Services and particularly in the segment Renewable Energies were expanded. Due to the sales decline in the segment Telephony Group sales decreased slightly by 0.63 million to EUR 11.56 million in comparison to the first quarter of 2014. At the same time, Group sales were slightly higher than in the fourth quarter of fiscal year 2014.

EBITDA has increased significantly compared to the same quarter last year as well as the last quarter of 2014. While in the first three months of 2014 a negative EBITDA of EUR –0.44 million had to be accepted, EBITDA in the first three months of fiscal 2015 amounted to EUR 0.95 million.

Group earnings of EUR –0.36 million in the first three months of 2015 are EUR 0.53 million higher than the Group’s earnings in the same period last year and only slightly negative as planned. Thus, the loss of the first quarter was significantly decreased compared to the same period last year. Compared to the fourth quarter of fiscal year 2014 an improvement in earnings was achieved as well.

The balance sheet total at March 31, 2015 amounted to EUR 83.56 million and thus has significantly increased compared to March 31, 2014 (EUR 57.05 million). On the asset side, the increase is a result of investments in non-current assets, the increase in inventories due to the acquisition of the wind power project developments as well as the increased cash and cash equivalents. These investments were partly financed by debt.

The total equity ratio declined significantly to 49.27% compared with March 31, 2014 (78.11%) due to the significant increase in total assets and negative earnings of fiscal 2014.

Cash flow from operating activities increased by EUR 0.70 million to EUR 0.29 million compared to the same quarter last year (Q1/2014: EUR -0.41 million). With cash and cash equivalents amounting to EUR 15.60 million combined with attractive financing options, 3U HOLDING AG continues to have sufficient flexibility to grow and complement its business.

The quarterly report Q1/2015 can be downloaded from the website of 3U HOLDING AG: www.3u.net.