3U HOLDING AG: Windpark Schlenzer will not be sold this year

  • Sales negotiations ended
  • Future sale of the wind park remains possible
  • Scheduled commissioning of the wind farm will take place in January 2017
  • The absence of a earning contribution in 2016 is significantly overcompensated by future earnings

Marburg, December 15, 2016 – In the segment Renewable Energies, 3U HOLDING AG (ISIN DE0005167902) pursues the strategy of selling wind power plants erected or shortly before erection, provided that the sale is more economical than the operation of the wind farm in stock. In the Quarterly Report III/2016, 3U informed that interested parties are currently conducting exploratory talks on the sale of Windpark Schlenzer, consisting of two wind turbines each with a nominal output of 2.75 MW. Recently, concrete sales negotiations were conducted between 3U ENERGY PE GmbH, which has planned and developed the wind farm project, and a negotiating partner on the basis of a customary purchase price.

The Management Board and the Supervisory Board have today decided to terminate the current sales process for the wind farm, since the required contractual terms do not make it appear sensible to sell the wind farm on the basis of the outlined strategy. A future sale of the wind park remains possible.

3U ENERGY PE GmbH will shortly complete the erection of the wind farm, so that commissioning will start unchanged at the beginning of January 2017.

As announced, the decision made, has a corresponding effect on the Group figures for the current financial year of 3U HOLDING AG. So the main profit-targets are expected to reach only the lower limit of the hitherto communicated bandwidths:

Business year 2016 Expectation to date Current expectation
Sales (in EUR m) 44-51 approx. 44
EBITDA (in EUR m) 5.0-8.0 approx. 4.5
Earnings (in EUR m) 0.5-2.5 approx. 0.5

If Windpark Schlenzer is permanently operated on our own responsibility, the earnings contribution not realized in 2016 would be significantly overcompensated by future earnings.

A forecast for the 2017 financial year will be announced in the first quarter of 2017.

 

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: Approval for the wind farm project Schlenzer under the Federal Immission Control Act obtained

Marburg, June 1, 2016 – 3U ENERGY AG, a 100% subsidiary of 3U HOLDING AG (ISIN DE0005167902) has received the approval under the BimSchG (Federal Immission Control Act) for its wind farm project Schlenzer as announced at the AGM on May 25.

The authorization procedure under the Federal Immission Control Act is a very challenging process, because all environmental impact of an installation must be considered and assessed. The approval is the most important milestone in the whole process of a wind farm development project.

Developed by 3U ENERGY PE GmbH, the wind park project consists of 2 to be erected wind turbines from the manufacturer GE, type GE 2.75-120, each with a rated power of 2.75 MW, a hub height of 139 m and a rotor diameter of 120 m.

The project management for the construction of the wind farm is carried out by 3U ENERGY PE GmbH. Subject to possible delays due to appeals by third parties the foundation for the wind turbines is to be laid in August and the delivery of the wind turbines is scheduled for the end of October. The start of operation can take place then at the end of 2016 or the beginning of 2017.

3U HOLDING AG: Publication of Quarterly Report I/2016

  • Preliminary Group figures confirmed
  • Initial operation of wind farm Lüdersdorf II

Marburg, May 13, 2016 – 3U HOLDING AG (ISIN DE0005167902) today published its Quarterly Report I/2016 and thus confirmed the preliminary published Group figures from April 19, 2016.

After a long period of losses came to an end with the return to profitability in the fourth quarter 2015, the first quarter of 2016 continues this development with sales of around EUR 11.33 million, an EBITDA of EUR 1.20 million and earnings of EUR 0.10 million. To this overall satisfactory development the segments ICT, Renewable Energies and SHAC contribute roughly in equal parts.

Within the segment Renewable Energies the wind turbines in the wind farm Lüdersdorf II, planned and set up by 3U ENERGY PE GmbH, with a total capacity of 6.6 MW were connected and put into full operation in the last few days.

The wind farm Lüdersdorf II is located in the State of Brandenburg and is located around 25 kilometers south of Berlin, near an existing wind farm with 13 wind turbines.

This wind farm project developed by 3U ENERGY PE GmbH consists of 2 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.

In the future these two wind power plants will produce about 14.2 million kilowatt hours of environmentally friendly electricity per year. This is enough to yearly supply about 4,000 households with electricity and to avoid the emission of 10,500 tons of CO2. The feed-in is made at a newly built 110-kV substation close to the wind farm. Construction of the wind turbines began in January 2016 and now they are operated by 3U ENERGY AG.

More detailed information can be found in the Quarterly Report QI/2016, which is available for download on our website at www.3u.net.

3U HOLDING AG announces preliminary Group figures for the first quarter 2016

Marburg, April 19, 2016 – According to preliminary findings, 3U HOLDING AG (ISIN DE0005167902) has started the business year 2016 on a positive note.

With sales of around EUR 11.33 million, an EBITDA of EUR 1.20 million and earnings of EUR 0.10 million in the first quarter 2016 the positive trend from the fourth quarter 2015 continued. Especially the comparison with the same quarter last year shows the increased profitability of the 3U Group:

Preliminary consolidated financial ratios Q1 2016 Consolidated financial ratios Q1 2015
Sales (in EUR m) 11.33 11.56
EBITDA (in EUR m) 1.20 0.95
Earnings (in EUR m) 0.10 -0.36

3U HOLDING AG will not make use of the now permissible option to restrict itself to mere quarterly releases in the first and third quarter of the current year, but will continue to publish extensive quarterly reports.

The publication of the Quarterly Report I 2016 will take place on May 13, 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 publishes preliminary consolidated earnings 2015 and outlook for the 2016 financial year

Marburg, February 2, 2016 – According to preliminary findings, 3U HOLDING AG (ISIN DE0005167902) has reached after all the earnings targets for fiscal 2015 as communicated at the beginning of the year 2015 with a pleasing development exceeding our expectations in the fourth quarter.

With sales of around EUR 13 million, EBITDA of EUR 1.3 million and earnings of EUR 0.5 million in the fourth quarter of 2015, the best quarterly results since 2011 have been achieved. Thus the following preliminary consolidated financial ratios result for fiscal year 2015 compared to the previous forecast:

Financial Year 2015 Preliminary consolidated financial ratios Previous forecast
Sales (in EUR m) 48 47 – 50
EBITDA (in EUR m) 4.0 3.5 – 4.5
Earnings (in EUR m) -0.8 -1.3 – -0.9

This result was achieved, despite the shift in sales and earnings towards upcoming periods, due to the announced withdrawal from the sale of a wind farm project at the end of 2015.

In today’s discussion between the Supervisory Board and Management Board, the forecast for the current fiscal year was adopted. That said, 3U HOLDING AG expects consolidated sales of between EUR 54 million to EUR 60 million, EBITDA of EUR 6.0 million to EUR 8.0 million and earnings of between EUR 0.5 million and EUR 2.5 million in the fiscal year 2016.

The publication of the Annual Report 2015 takes place 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