3U HOLDING AG: Release of 9 months report 2014

  • Consolidated sales increased by 32%
  • Results as planned
  • Equity of EUR 1.32 per share

Marburg, November 14, 2014 – 3U HOLDING AG (ISIN DE0005167902) today presented its 9 months report 2014.

Sales rose in the first nine months of 2014 compared to the same period last year by 32% to EUR 37.77 million. After bottoming out in the first quarter of 2013, the positive development of the 3U Group continued steadily. Consolidated sales increased from quarter to quarter, mainly due to the sales growth in the segments Telephony and Renewable Energies.

EBITDA has increased significantly compared to the same period last year. While in the first nine months of 2013 a negative EBITDA of EUR –2.84 million had to be accepted, EBITDA in the first nine months of fiscal 2014 amounted to EUR –0.19 million and thus is slightly negative as planned. On a quarterly basis a consecutive positive EBITDA with EUR 0.22 million was achieved in the third quarter of fiscal 2014.

Group’s earnings of EUR –2.07 million in the first nine months of 2014 are EUR 1.52 million higher than the Group’s earnings in the same period last year (EUR –3.59 million). Thus, the loss of the first nine months of fiscal year 2013 was almost halved. Compared to the second quarter of fiscal year 2014 an improvement in earnings was achieved as well. Group’s earnings for the first nine months of fiscal year 2014 are in line with the planning of the 3U Group for that period.

The balance sheet total at September 30, 2014 amounted to EUR 74.16 million and thus has significantly increased compared to December 31, 2013 (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. The debt raised for the investments in the Solarpark Adelebsen and in the data center property in Hanover has significantly contributed to the increase in cash and cash equivalents by EUR 7.83 million to EUR 15.85 million at September 30, 2014 compared to December 31, 2013.

The total equity ratio declined significantly to 58.08% compared with December 31, 2013 (80.13%) due to the significant increase in total assets because of the leverage. Primarily due to the quarterly results and the repurchase of own shares the equity attributed to the shareholders of 3U HOLDING AG declined to EUR 44.78 million at September 30, 2014; corresponding to an equity per share of EUR 1.32 (EUR 1.36 as at December 31, 2013).

The quarterly report Q3/2014 can be downloaded from the website of 3U HOLDING AG: www.3u.net.