UR Holding S.p.A.
Publication of the 2007 Annual Report
UR Holding S.p.A. / Final 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. ---------------------------------------------------------------------- UR Holding S.p.A. Publication of the 2007 Annual Report Consolidated revenues of EUR 46.4 million remain virtually unchanged EBIT of EUR 0.4 million Income for the Group for 2007 influenced by one-time extraordinary effects Milan, 30 May 2008: UR Holding S.p.A. has published its Annual Report for 2007. On the reporting date of 31 December 2007, consolidated revenues amounted to EUR 46.4 million and are therefore below the previous year’s comparable value of EUR 48.8 million. EBIT of EUR 0.4 million is below the EBIT of the comparable previous year’s period of EUR 1.47 million. This change is due to one-time extraordinary effects in the 2007 financial year. The Company thus recorded a slightly negative income for the Group of EUR -0.4 million. Earnings in 2007 were affected by investments in the expansion of the international Group structure and one-time extraordinary effects. Acquisitions in Israel (2b Tronics LTD) and in Austria (BEST Electronics Distribution GmbH), paved the way to the Eastern European growth market and strengthened the Group’s international market position. The development of the new subsidiaries exceeds internal expectations, so that the growth investments made have already been written down to a great extent. Further pools of costs comprise the implementation of a new SAP system and negative currency effects due to the continued weakness of the dollar. Income for the Group was also affected by the development of the German subsidiary, which remained behind expectations. Structural changes have already been implemented. 'During the 2007 financial year, we succeeded in laying the foundation for a successful future despite a difficult market environment and the continued weak dollar. We have further expanded the Group’s international market position, streamlined our organisational structures and strengthened the management. After setting the basis for further growth in the 2007 financial year, we are now focusing on improving the operating margins for the 2008 financial year. In the medium term, revenues growth to EUR 80 million and EBIT margins of between 8% and 10% are envisaged. This is not least a result of the optimisation of our manufacturer portfolio implemented in the 2007 financial year and the associated targeted expansion of our service spectrum. For the competition in the high-tech electro industry, we believe we are very well prepared and will continue to pursue our course of growth with determination in the 2008 financial year.' said Stefan Haas, Chief Financial Officer of UR Holding S.p.A. The Management Board The Annual Report is available for downloading: www.ur-home.com About UR Holding: Founded in 1996 and listed in the Entry Standard since 2006, UR Holding is one of Europe’s leading Demand Creation and sales organization for high-tech electronic components and subassemblies for embedded system solutions. UR adds critical technology know how, embedded systems expertise and resources to help its customers to define, design and manufacture embedded system applications serving their global markets and growth strategy. Company Contact UR Holding S.p.A. Viale Edison, 44 20090 Trezzano S/N – Milano Italy Phone +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 mbH Hamburger mbH Germany Phone +49 (0)69 - 743 037 – 0 Fax +49 (0)69 - 743 037 – 22 ir-urgroup@gfei.de www.gfei.de 30.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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