UR Holding S.p.A.
Publication of results for the first nine months of 2009
UR Holding S.p.A. / Quarter Results 27.11.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- UR Holding S.p.A. Publication of results for the first nine months of 2009 - UR increases consolidated sales by 25% to EUR32.4 million (previous year: EUR26.0 million) - EBIT up substantially year-on-year at EUR0.55 million (previous year: EUR0.1 million) - Positive consolidated earnings of EUR0.21 million (previous year: EUR-0.37 million) - Strategic focus on Tier 1 customers bears fruit - Positive outlook for 2009 as a whole and 2010 confirmed Milan, 27 November 2009: UR Holding S.p.A. (German Securities Code Number (WKN): A0LBEG / ISIN: IT0003463772) today published its figures for the first nine months of the 2009 financial year. Despite the sustained challenging economic environment, UR Holding continued the positive development it enjoyed in the first half of 2009. Consolidated sales for the first nine months of 2009 amounted to EUR32.4 million, up around 25% on the prior-year figure of EUR26.0 million. The operating result (EBIT) also improved significantly by around EUR0.5 million, from EUR0.1 million in the previous year to EUR0.6 million in the period under review. The Group generated a consolidated net profit for the period of EUR0.2 million, some EUR0.6 million higher than in the previous year (consolidated net loss of EUR0.4 million). This resulted in earnings per share of EUR0.03 (previous year: EUR-0.05). At the reporting date of 30 September 2009, total assets amounted to EUR22.4 million (31 December 2008: EUR17.7 million). Based on shareholders' equity of EUR6.5 million (31 December 2008: EUR6.2 million), the Group had an equity ratio of 28.9% at the end of the period under review (31 December 2008: 35%). Cash and cash equivalents at 30 September 2009 totalled EUR2.2 million (31 December 2008: EUR2.39 million). 'Despite the first positive signs of a recovery, economic development remains largely difficult and continues to present significant challenges for our industry. This makes it all the more encouraging that we have been able to record positive sales and earnings development in spite of these conditions and the seasonally weak third quarter. As well as the success of the restructuring activities completed to date, which included the streamlining of organisational and cost structures, we are particularly satisfied with the strategic adjustment of our business model. Following the expansion of our service range to include additional value-added services such as procurement and sourcing and the targeted adjustment of our manufacturer and supplier portfolio, particularly in the Communications division, we have been able to adopt a stronger focus on the requirements of our strategically important Tier 1 customers. This means that we are now benefiting from the expansion of our business activities and increased sales potential. We will also continue to systematically pursue any additional opportunities arising from the current economic climate that promise organic or inorganic growth. As such, we are cautiously positive about the Group's further development in both the current financial year and the coming 2010 financial year,' commented Stefan Haas, Chief Financial Officer of UR Holding S.p.A. The Management Board 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 60486 Frankfurt am Main Germany Tel. +49 (0)69 - 743 037 - 0 Fax +49 (0)69 - 743 037 - 22 ir-urgroup@gfei.de www.gfei.de 27.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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