3U HOLDING AG publishes forecast for the financial year 2018

Disclosure of an inside information acc. to Article 17 MAR

Marburg, December 14, 2017 – Management Board and Supervisory Board of 3U HOLDING AG (ISIN DE0005167902) discussed the budget planning for the coming financial year at today’s Supervisory Board meeting and approved the following budget figures. Thereafter, 3U HOLDING AG expects a moderate increase in sales and a significant increase in earnings for the financial year 2018 compared to 2017.

In 2018, sales are expected to be between EUR 46 m and EUR 50 m, EBITDA between EUR 6.5 m and EUR 8.5 m, and consolidated earnings between EUR 1.0 m and EUR 2.0 m.
These budget figures are characterized by different expectations for the individual segments. In the segment ITC, the sales and earnings level of 2017 should be maintained. The very pleasing development in the cloud computing business increasingly compensates for the declining telephony business and should lead to renewed growth in the segment ITC in the years to come.
The segment Renewable Energy is largely influenced by the wind farm activities. Following the sale of a wind farm in the 2017 financial year, a wind farm sale is expected in the coming year as well.
In the segment SHAC, 3U HOLDING expects a continuation of its sales growth, while at the same time increasing the margin. Above all, the expansion of online trade is contributing to this development.
A detailed forecast for the coming financial year will be published in the Annual Report 2017, which will be published on March 23, 2018.

 

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: Release of Quarterly Statement III/2017

  • Sales, EBITDA and earnings at five-year high
  • Sale Windpark Schlenzer significantly shapes the quarter
  • Depreciation on loan receivable

Marburg, November 9, 2017 – 3U HOLDING AG (ISIN DE0005167902) today published its Quarterly Statement III/2017. Thereafter, 3U HOLDING AG achieved the best Group figures in five years in the past quarter.

Group sales in the third quarter of the financial year 2017 amounted to EUR 14.2 million, about EUR 3.2 million more than in the second quarter, and also compared to the first nine months of the previous year, consolidated sales increased by around EUR 3.1 million to EUR 35.6 million. At around EUR 3.8 million, the sale of the wind farm Schlenzer, which has meanwhile fulfilled all closing conditions, had a significant impact on Group sales.

In the interests of a consistent presentation of the business development and against the background of the new accounting standards to be applied with effect from January 1, 2018, the proceeds from the sale of the wind park Schlenzer is reported in consultation with our auditor at around EUR 3.8 million net and not at around EUR 12.4 million, as initially planned in consultation with our auditor. This means that the proceeds from the sale of the wind farm have been netted with the liabilities assumed by the purchaser in order to determine sales.

The reductions in regulated wholesale prices for telephony made on January 1, 2017, however, led to a significant decline in sales. Then again, this decline in sales was largely offset by continued sales growth in the area of cloud-based solutions and in the segment SHAC.

Compared to the same quarter last year, EBITDA increased by TEUR 1,065 especially as a result of the successful sale of the wind farm Schlenzer. An increase in other operating expenses prevented an even higher figure. Here, the persistently negative development in the solar thermal industry has meant that a further considerable value adjustment of around TEUR 450 had to be made on the loan receivable from the sale of the former solar thermal business.

Consolidated earnings in the third quarter, at TEUR 550, were TEUR 470 higher than in the same quarter last year. Earnings in the first nine months of the financial year 2017 exceeded with EUR TEUR 780 the earnings of the same period of the previous year by TEUR 430.

The above-mentioned net statement of the wind farm sale reduces the forecasted sale for the 2017 financial year. The expected consolidated earnings are not affected by this decision. Accordingly, the Management Board expects the following key Group figures for the 2017 financial year:

Fiscal Year 2017 Forecast to date Forecast current
Sales (in EUR million) 50 – 56 45 – 47
EBITDA (in EUR million) 5.5 – 7.5 5.5 – 7.5
Earnings (in EUR million) 0.5 – 1.5 0.5 – 1.5

More detailed information can be found in the Quarterly Statement III/2017, which is available for download on our website at www.3u.net.

3U HOLDING AG enters into an option agreement for the sale of a wind farm project

Disclosure of an inside information acc. to Article 17 MAR

  • Options agreement for the sale of Windpark Lüdersdorf II reached
  • Green City Energy AG is again a partner in the transaction
  • Option can be exercised at the earliest in May 2018

Marburg, September 29, 2017 – Following the approval of the bodies of 3U ENERGY AG and 3U HOLDING AG (ISIN DE0005167902) to conclude an option agreement and thus the sale of 100% of the shares in Märkische Windkraft 110 GmbH & Co. KG (Windpark Lüdersdorf II) to Green City Energy AG, today the Management Board and the management of the companies involved have concluded this agreement.

The Windpark Lüdersdorf II consists of 2 wind turbines, each with a rated output of 3.3 MW, a hub height of 119 m and a rotor diameter of 112 m and was connected to the power grid and put into operation at the end of May 2016.

With the option agreement, the partnership with Green City Energy AG, purchaser of Windpark Schlenzer, was further deepened as announced. The parties have opted for an option contract to await the decision in a pending appeal proceedings aimed at limiting the operating license. It is to be assumed that this appeal will be decided by the end of the option exercise period.

The option can be exercised by the purchaser during the period from May 1, 2018 to June 30, 2018. If the appeal has not yet been decided upon during this period, the purchaser shall have a further exercise period in the period from September 1, 2018 to September 30, 2018.

The option agreement provides for the effective date for the transfer of the shares on July 1, 2018. From the transaction, the 3U Group would achieve a one-time EBITDA contribution of approximately EUR 1.4 million to 2.0 million for 2018.

 

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: Release according to Article 26, Section 1 of the WpHG / September 8, 2017

Voting Rights Announcement according to Article 26, Section 1 of the WpHG can be downloaded here:
PDF file for download

3U HOLDING AG announces the sale of Windpark Schlenzer

Disclosure of an inside information acc. to Article 17 MAR

Marburg, August 29, 2017 – 3U HOLDING AG (ISIN DE0005167902) announces that today its subsidiary 3U ENERGY AG sold Windpark Schlenzer, a wind farm project consisting of two wind turbines each with a nominal output of 2.75 MW.

The sale was made on the basis of an investment book value of around EUR 12.4 million. The sale reduces the leverage in the Group by approximately EUR 9.3 million.

Purchaser of the 100% business share of Windpark Havelland Projekt I GmbH & Co. KG, the company, which owns all the assets of the Windpark Schlenzer, is Green City Energy AG from Munich. A future partnership for further projects will be sought.

The execution of the contract is subject to conditions. If these conditions are not met by December 15, 2017, there are rights of withdrawal for Green City Energy AG and 3U ENERGY AG. From today’s point of view, we consider the fulfilment of the conditions to be very likely.

The sale of the wind park will take place with economic effect as of January 1, 2017. It leads to a corresponding sales realization in the segment Renewable Energies and therefore has an influence on the Group’s key figures for the current year. It must be taken into account that a future earnings contribution of approximately TEUR 800 is dependent on external factors, to which 3U HOLDING AG has only limited influence. The previous forecast for fiscal year 2017 is hereby amended as follows:

Business year 2017 Forecast to date Current forecast
Sales (in EUR m) 44 – 49 50 – 56
EBITDA (in EUR m) 4.5 – 6.5 5.5 – 7.5
Earnings (in EUR m) 0.5 – 1.5 0.5 – 1.5

 

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 announces negotiations in regard to Windpark Schlenzer

Marburg, 14. August 2017 – 3U HOLDING AG (ISIN DE0005167902) announces that it has entered into negotiations with regard to its Windpark Schlenzer; a wind farm project consisting of two wind turbines each with a nominal output of 2.75 MW.

The negotiations are still at a stage where there is no certainty as to whether and under what conditions a contract will be concluded.

Further publications will be made in due course if circumstances so require

 

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

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3U HOLDING AG: Dividend payment planned for financial year 2016

  • Positive 2016 financial year allows dividend payment
  • Dividend yield of around 1.3%

Marburg, February 22, 2017 – The Management Board and the Supervisory Board of 3U HOLDING AG (ISIN DE0005167902) are planning to propose a dividend of EUR 0.01 per share for the 2016 financial year at this year’s Annual General Meeting. The final decision will be taken by the shareholders at the Annual General Meeting on May 18, 2017.

The 3U Group returned back on track in 2016 and ended the financial year with a surplus. It is the declared corporate strategy to let the shareholders participate appropriately in the company success through dividend distributions. After a few years without dividends, a new phase of continuous dividend payments is to be initiated with the upcoming dividend.

A pay out of EUR 0.01 per share represents a dividend yield of approximately 1.3% based on the current share price. The dividend is paid out of the tax deposit account within the meaning of §27 of the German Corporate Income Tax Act.

As of April 7, 2017 you will find detailed information on the Annual General Meeting on May 18, 2017 on our website at www.3u.net/en/investor-relations/annual-general-meeting.

3U HOLDING AG publishes preliminary consolidated earnings 2016 and outlook for the 2017 financial year

Marburg, February 7, 2017 – According to preliminary findings, 3U HOLDING AG (ISIN DE0005167902) continued its positive development in 2016.

According to provisional unaudited figures, the last prognosticated figures were achieved with sales of around EUR 11.2 million, EBITDA of EUR 0.8 million and earnings of EUR 0.2 million in the closing quarter. The key figures for the financial year 2016 are as follows:

Preliminary consolidated
figures 2016		 Latest forecast of the
consolidated figures 2016		 Consolidated figures 2015
Sales (in EUR m) 43.6 approx. 44 48.2
EBITDA (in EUR m) 4.5 approx. 4.5 4.0
Earnings (in EUR m) 0.6 approx. 0.5 -0.8

The development of earnings reflects the turnaround in the financial year 2016. Compared to the previous year, where a loss had to be reported, earnings for the 3U Group rose by around EUR 1.4 m to EUR 0.6 m.

In today’s discussion between the Supervisory Board and Management Board, the forecast for the current fiscal year 2017 was also adopted. According to this, 3U HOLDING AG expects sales of between EUR 44 m to EUR 49 m, EBITDA between EUR 4.5 m to EUR 6.5 m as well as earnings of EUR 0.5 m to EUR 1.5 m for the financial year 2017.

The annual report 2016 will be published on March 24, 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