3U HOLDING AG (ISIN DE0005167902) has reached, according to preliminary and unchecked calculations, sales of EUR 92.1m and EBITDA (Earnings before interest, taxes, depreciation and amortisation) of EUR 13.3m in the expired business year. With an EBITDA margin of about 14.4 percent EBITDA lay about 40.3 percent above EBITDA of the business year 2008 (EUR 9.48m). EBT was increased by about EUR 7.0m from EUR -3,9m to EUR 3,1m. Due to a larger tax burden and the extraordinary expenditures at the Subsidiary LambdaNet the result could not be increased in the same extent. However a positive result of EUR 0.1m was achieved, after a deficit of EUR 4.0m the year before. With these preliminary results 3U HOLDING AG has reached its EBITDA prediction (EUR 12 - 14m) which was raised on the occasion of the publication of the halfyear figures in 2009.
In the fourth quarter 2009 sales of EUR 21.3m, EBITDA of EUR 2.6m and earnings of EUR -1.0m were achieved. The result of the fourth quarter in 2009 was strained by nonrecurrent expenses in the amount of EUR 1.2m in connection with the reorganisation measures within LambdaNet. At the Subsidiary a series of synergetic measures were enacted in the fourth quarter, which will mostly come into effect in the business year 2010 and which will lead to a significant improvement of the result. In addition, a wide spectrum of reduction in costs measures will come into effect, which will partly include the reduction of jobs.
The annual report 2009 of 3U HOLDING AG with the audited financial results and an outlook for the current business year will be published on March 31, 2010.
In the fourth quarter 2009 sales of EUR 21.3m, EBITDA of EUR 2.6m and earnings of EUR -1.0m were achieved. The result of the fourth quarter in 2009 was strained by nonrecurrent expenses in the amount of EUR 1.2m in connection with the reorganisation measures within LambdaNet. At the Subsidiary a series of synergetic measures were enacted in the fourth quarter, which will mostly come into effect in the business year 2010 and which will lead to a significant improvement of the result. In addition, a wide spectrum of reduction in costs measures will come into effect, which will partly include the reduction of jobs.
The annual report 2009 of 3U HOLDING AG with the audited financial results and an outlook for the current business year will be published on March 31, 2010.
