3U HOLDING AG publishes annual report 2011

  • Disposition of LambdaNet leads to record earnings
  • Sales decline slightly
  • Equity ratio increased by 31 percentage points to 82.5%
  • Proposed dividend of EUR 0.03 per share

Marburg, March 30, 2012 – 3U HOLDING AG (ISIN DE0005167902) today published its annual report for fiscal year 2011.

The financial figures of 2011 are determined primarily by the sale of LambdaNet on May 30, 2011. As part of this transaction 3U accrued cash in the amount of approximately EUR 27.4 million; in addition it was agreed that the remaining loan liability of EUR 7.8 million plus interest will be repaid over the next five years.

Group sales declined by EUR 5.13 million to EUR 77.27 million compared to the previous year. Sales growth in the segment Renewable Energies could only partially compensate for the loss in sales from the discontinued segment Broadband/IP and the decline in sales in the segment Telephony. EBITDA improved significantly in 2011 due to the transaction and was EUR 28.47 million compared to EUR 6.42 million in the previous year. Earnings as well increased strongly to EUR 26.64 million and were 457% higher than in the previous year (EUR 5.83 million).

Total assets declined by EUR 2.5 million to EUR 75.5 million compared to the previous year. As a result of the net profit for the year, equity increased by EUR 22.0 million from EUR 40.3 million to EUR 62.3 million. It should be noted, that a capital reduction of 4,359,740 shares (10.0% of the former share capital) was made in the past financial year and an additional 3,923,770 million shares (10.0% of the current share capital) were in the possession of 3U HOLDING AG on the balance sheet date. Accordingly, the corresponding equity attributed to each circulating share rose by EUR 0.74 to EUR 1.76 as at December 31, .2011. With an equity ratio of around 82.5%, 3U HOLDING AG is extremely solidly funded and given the financial resources it has every opportunity to invest appropriately in attractively rated business fields.

The 3U Group is in the middle of a transformation process and therefore the predictive power is thus subject to the influence of the very dynamic development of the individual areas. That said the Management Board of 3U HOLDING AG expects sales of about EUR 62 to 72 million, EBITDA of EUR 2 to 3 million and earnings of about EUR 0.5 to 1.5 million in 2012.

For 2013, the Management Board anticipates sales of between EUR 70 and 80 million, EBITDA between EUR 5.0 and 7.0 million and earnings of between EUR 0.5 to 2 million.

The Supervisory Board of 3U HOLDING AG approved the Management Board´s resolution to propose a dividend payment of EUR 0.03 per share from the net retained earnings for fiscal 2011 at the Annual General Meeting to be held in Marburg on May 31, 2012.


Peter Alex
Head of Investor Relations

Frauenbergstraße 31–33
35039 Marburg

Tel.: +49 6421 999-1200
Fax: +49 6421 999-1222
E-Mail: ir@3u.net