Disclosure of an inside information acc. to Article 17 MAR
- Expected divestment leads to an increase in the forecast for the financial year 2018
Marburg, April 20, 2018 – 3U HOLDING AG plans to sell the commercial property acquired in Hanover in March 2014. The acquisition costs amounted to approximately EUR 8.4 million. Due to the sale, a positive contribution to earnings of around EUR 1.9 million and an increase of the equity ratio to more than 50 % are expected. The external financing of EUR 4.0 million related to the property will be redeemed as part of the transaction without any substantial prepayment penalty.
Both buildings are currently fully leased to different parties. In one of the buildings there is a 550 square meters data center of 3U TELECOM GmbH which will continue to be operated there.
For the financing of the commercial property, the buyer has today received a binding financing commitment.
Against the background of the anticipated divestment, which was not part of the plan so far, the Management Board increases its previous forecast for the current financial year as follows:
|in EUR million||Current forecast of the Group’s key figures 2018||Previous forecast of the Group’s key figures 2018|
|Sales||46 – 50||46 – 50|
|EBITDA||8.0 – 9.5||6.5 – 8.0|
|Earnings||2.5 – 3.5||1.0 – 2.0|
Head of Investor Relations
3U HOLDING AG
Tel.: +49 (0)6421-999-1200
Fax.: +49 (0)6421-999-1222
Mobil: +49 (0)162-249 96 74