UR Holding S.p.A.
UR Holding S.p.A. publishes figures for the 2010 financial year
UR Holding S.p.A. / Key word(s): Final Results UR Holding S.p.A. publishes figures for the 2010 financial year – Consolidated sales of EUR35.69 million (up on the previous year of EUR32.53 million) – Consolidated incoming orders EUR40.69 million (previous year EUR28.97 million) – EBIT of EUR1.25 million (previous year EUR0.35 million) – Consolidated result of EUR0.67 million (previous year EUR-0.24 million) – Positive outlook for 2011 thanks to the strong order backlog and new business opportunities generated Milan, 9 May 2011: UR Holding S.p.A. (SIN: A0LBEG/ISIN: IT0003463772) hereby publishes its figures and results for the 2010 financial year.
UR Holding S.p.A. has grown its position in the 2010 financial year in a challenging market environment. Despite the extended lead-times from the Suppliers in the market for electronic components, consolidated sales increased by 9.7% to EUR35.69 million (previous year EUR32.53 million), supported by significant growth in incoming orders that have reached EUR40.69 (previous year EUR28.97). The operating result (EBIT) amounted to EUR1.25 million and was therefore significantly above the previous year's figure of EUR0.35 million. At EUR 0.67 million, the consolidated result in 2010 has also improved on the previous year's figure of EUR-0.24 million. This resulted in earnings per share of EUR0.09 (previous year: EUR-0.03). At the reporting date of 31 December 2010, total assets amounted to EUR17.43 million (31 December 2009: EUR15.21 million). Equity at the end of the reporting period amounted to EUR6.55 million (31 December 2009: EUR5.95 million) with an equity ratio of 37.5%. Cash and cash equivalents at 31 December 2010 totalled EUR 2.19 million (31 December 2009 EUR2.23 million). 'During the year we have seen the first positive contribution from our investments in previous years. Due to the evolution of our strategy for the Communication division we are now in position to offer to our customers, not only semi-conductors, but also synergetic sub-systems and even complete systems. The result is that we were able to stabilize the business, improve the gross-margin and equally importantly UR was able to further penetrate its Tier 1 customers in strategic markets such as Military/Defence, Security, Transportation, Broadcasting and Medical. In the Power Division we have also expanded into the UPS ('uninterruptible power systems') market and we expect further growth from this business in 2011. As we still consider ourselves a growing company we have continued to invest during 2010 in the future of our business and organization. In early 2010 we expanded our local operations in the United States with a new headquarters for the North American market in Boston. Also, we have further developed our Supply Chain Division where UR is focussing on its Tier 1 customers with an offering of full-custom solutions for procurement, 2nd sourcing and complete Supply Chain Management. We will continue to invest in this division and its activities in 2011 as we are confident to grow in that segment in the next 2-3 years. To support the international growth of the company we will continue to monitor the market very closely with the strategic target to balance our position in the European Countries and to grow the market presence in North America. This includes all opportunities for organic and inorganic growth' says Stefan Haas, Chief Financial Officer of UR Holding S.p.A. The Management Board
UR consolidated key figures as at December 31, 2010 Balance sheet ratios
Income statement ratios
End of Corporate News 09.05.2011 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 |
123419 09.05.2011 |