3U HOLDING AG: Release of Quarterly report I/2015

  • EBITDA increased to EUR 0.95 million
  • Group results as planned
  • First time positive earnings contribution of segment Renewable Energies

Marburg, March 13, 2015 – 3U HOLDING AG (ISIN DE0005167902) today published its quarterly report I/2015. The 3U HOLDING AG Group had a good start into fiscal year 2015 and increased its profitability compared to the prior-year period. In a still difficult and challenging market environment with strong competition the positive development of key earnings figures continues. The Group‘s key figures for the first quarter of fiscal year 2015 compared to the same period last year, are as follows:

qoq 1. 1.–31.03.2015  1. 1.–31.03.2014
Sales (in EUR million) 11,56 12,19
EBITDA (in EUR million) 0,95 –0,44
Earnings (in EUR million) –0,36 –0,89
Balance sheet total (in EUR million) 83,56 57,07
Equity ratio (in %) 49,27 78,11
Cash & cash equivalents (in EUR million) 15,60 6,90

Sales in the segment Services and particularly in the segment Renewable Energies were expanded. Due to the sales decline in the segment Telephony Group sales decreased slightly by 0.63 million to EUR 11.56 million in comparison to the first quarter of 2014. At the same time, Group sales were slightly higher than in the fourth quarter of fiscal year 2014.

EBITDA has increased significantly compared to the same quarter last year as well as the last quarter of 2014. While in the first three months of 2014 a negative EBITDA of EUR –0.44 million had to be accepted, EBITDA in the first three months of fiscal 2015 amounted to EUR 0.95 million.

Group earnings of EUR –0.36 million in the first three months of 2015 are EUR 0.53 million higher than the Group’s earnings in the same period last year and only slightly negative as planned. Thus, the loss of the first quarter was significantly decreased compared to the same period last year. Compared to the fourth quarter of fiscal year 2014 an improvement in earnings was achieved as well.

The balance sheet total at March 31, 2015 amounted to EUR 83.56 million and thus has significantly increased compared to March 31, 2014 (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. These investments were partly financed by debt.

The total equity ratio declined significantly to 49.27% compared with March 31, 2014 (78.11%) due to the significant increase in total assets and negative earnings of fiscal 2014.

Cash flow from operating activities increased by EUR 0.70 million to EUR 0.29 million compared to the same quarter last year (Q1/2014: EUR -0.41 million). With cash and cash equivalents amounting to EUR 15.60 million combined with attractive financing options, 3U HOLDING AG continues to have sufficient flexibility to grow and complement its business.

The quarterly report Q1/2015 can be downloaded from the website of 3U HOLDING AG: www.3u.net.