3U HOLDING AG has increased earnings in the first three months of 2011 compared to the previous year. With Group sales that decreased from EUR 20.99 m in the first three months of 2010 to EUR 19.05 m in the reporting period, earnings for the period increased by 0.07 m to 0.73 m.
At EUR 2.55 m, EBITDA was slightly below EBITDA for the three months of the previous year (EUR 2.97 m). In addition to the expected lower EBITDA contribution from the segment Telephony a lesser EBITDA contribution from the segment Broadband/IP occurred as well. However, these were more than compensated in Group earnings.
The Company continues to report a very solid equity ratio. It has improved on a continual basis for six years and at March 31, 2011 was at 55.37%.
The framework contracts from our Subsidiary 3U SOLAR Systemhandel AG, which were published on March 21, 2011 include the procurement volume of PV modules with a capacity of 25 megawatts peak (MWp), with a value of up to EUR 30.0 m for the year 2011 and the purchase of PV modules with a value of up to EUR 18.5 m in the year 2011, could not contribute to sales in the reporting period, but will from the second quarter on. In the coming quarters, sales growth in the segment Renewable Energies is expected to more than compensate the decline in sales in the segment Telephony.
The Quarterly Report as at March 31, 2011 can be downloaded from the website of 3U HOLDING AG at: www.3u.net.
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