UR Holding S.p.A.
UR Holding S.p.A.: Publication of Mid-term Report 2011
UR Holding S.p.A. / Key word(s): Half Year Results
CORPORATE NEWS SEPTEMBER 5th, 2011
UR Holding S.p.A. – Further increase in consolidated bookings by 3.1% up to EUR18.6m (mid-term 2010 EUR18.0m) – Significant increase in consolidated sales by 14.9% up to EUR18.7m (mid-term 2010 EUR16.3m) – Strong increase in earnings, EBIT increased by 94.2% up to EUR1.01m (mid-term 2010 EUR0.52m) – Positive trend from the first six months continues and positive outlook for 2011 as a whole reinforced Milan, September 5th, 2011: UR Holding S.p.A. (SIN: A0LBEG/ISIN IT0003463772) today published its report on the first half of 2011 financial year. UR Holding S.p.A. was able to continue the positive trend in bookings during 2010 and also into the first six months of the fiscal year 2011. The level of incoming orders has increased slightly by 3.1% and have now reached a level of EUR18.62m (mid-term 2010: EUR18.06m). The ongoing high level of incoming orders over the last 12 months has also already positively impacted on sales during the 2nd half of 2010 and this has been continued also in 2011. Sales have been significantly increased by 14.9% up to EUR18.74m (mid-term 2010: EUR16.31%). The investments of UR Holding S.p.A. in the evolution of its strategy for the Power- and Communication division has lead the Company towards more stable markets. The increased solution portfolio, including now also sub-system and complete systems has lead to a higher profitability on the overall business. The consolidated EBIT has significantly increased by 94.2% up to EUR1.01m (mid-term 2010: EUR0.52m), the net earnings have amounted to 892,000 Euro – equal to 12 Cents earnings per share (mid-term 2010: 3 Cents). 'The stable trend in bookings as well as the increased profitability have shown that we are on the right way to position UR Group well for the future. We will continue to invest in our organization with a special focus on our supply chain activities and also to further increase our presence in North America. Based on our stable position in Europe, we will put also a special focus on the German market where we consider the biggest opportunities to support the growth our Company in Europe. The target is to define the strategy until the end of 2011 and to implement it during 2012' says Stefan Haas, Chief Financial Officer of UR Holding S.p.A. The Management Board UR consolidated key figures as at June 30, 2011 Balance sheet ratios
Income statement ratios
End of Corporate News 05.09.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
138190 05.09.2011 |