UR Holding S.p.A.
First quarter result 2009 published
UR Holding S.p.A. / Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- First quarter result 2009 published - Consolidated sales at previous year's level with EUR8.65 million - EBIT up to EUR0.48 million (previous year: EUR0.14 million) - Return to profitability: net profit totals EUR0.33 million (previous year: EUR-0.25 million) - Targeted measures for bolstering the sales structure - Positive outlook for the 2009 financial year confirmed Milan, July 16, 2009: UR Holding S.p.A. (WKN: A0LBEG / ISIN: IT0003463772) published its figures for the first quarter 2009 today. Consolidated sales totalled EUR8.7 million in the first quarter - on a par with the previous year's figures. In spite of similar sales, operating earnings (EBIT) improved considerably, increasing 248 percent or about EUR0.34 million to EUR0.48 million (previous year: EUR0.14 million). Net profit for the period improved to EUR0.33 million and was nearly EUR0.58 million up on the previous year figure of EUR-0.25 million. Earnings per share came in at EUR0.05 at the end of the reporting period (previous year: EUR-0.03). On the reporting date of March 31, 2009, the company recorded total assets of EUR17.07 million (previous year: EUR18.52 million). With equity amounting to EUR6.59 million (previous year: EUR6.39 million), the Group was able to increase its equity ratio from 34.5 to 38.6 percent. Liquid assets totalled EUR2.87 million at the end of the first quarter 2009 (previous year: EUR4.16 million). 'The positive results of the first quarter can be attributed to the restructuring measures and strategic adjustments to the business model implemented during the 2008 financial year. We leveraged potential savings and were able to quickly react to the changing demands of the electronics industry by making strategic adjustments to the manufacturer and supplier portfolio - focusing on technological high-end components and products. In addition, the integration of complementary added-value services and services for our customers provided new sales and earnings potential,' explained Stefan Haas, Chief Financial Officer at UR Holding S.p.A. Stefan Haas continued: 'The positive developments in the first quarter have brought us one step closer to our goal for the 2009 financial year - improving the sales and earnings situation. At an operational level, we continued to bolster our sales structure. This included hiring two new highly experienced and respected employees for the Central sales area. We will continue this targeted expansion of our resources across Europe as we go against the current industry trend. Additionally, we would like to make better use of the opportunities presented by the ongoing worldwide economic crisis - specifically in the outsourcing of sales and the procurement of electronic components on the manufacturer and supplier side. In front of this backdrop, the continued expansion of our generated business volumes and the positive business development recorded in the first three months encourage us as we move forward in the 2009 financial year.' The Board of Directors About UR Holding: UR Holding, listed on the Entry Standard since November 2006, was established in 1996 and is one of the leading European demand creation and sales companies for electronic high-tech components for embedded system solutions. UR Holding combines crucial technological comprehension with extensive expertise in the field of embedded systems, therefore contributing to a better definition as well as assembly and production of embedded system applications on behalf of its partners. Company contact: UR Holding S.p.A. Viale Edison, 44 20090 Trezzano S/N - Milano Italy Tel. +39 02 48 40 15 8 - 0 Fax +39 02 48 40 15 8 - 1 financials@ur-home.it www.ur-home.com Investor Relations: GFEI Aktiengesellschaft Hamburger Allee 26-28 Germany Tel. +49 (0)69 - 743 037 - 0 Fax +49 (0)69 - 743 037 - 22 ir-urgroup@gfei.de www.gfei.de 16.07.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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