UR Holding S.p.A.
Publication of the 2009 Mid-term Report
UR Holding S.p.A. / Half Year Results 24.09.2009 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 the 2009 Mid-term Report - Consolidated sales increase by 17.3% to EUR19.08 million (previous year: EUR16.27 million) - EBIT of EUR0.65 million (previous year: EUR0.14 million) significantly above prior-year level - Consolidated earnings of EUR0.28 million (previous year: EUR-0.35 million) - Positive trend from Q1 2009 continues and positive outlook for 2009 as a whole reinforced Milan, 24 September 2009: UR Holding S.p.A. (SIN: A0LBEG/ISIN: IT0003463772) today published its report on the first half of the 2009 financial year. Positive development in earnings and sales observed in the first quarter of 2009 also continued in the second quarter of 2009. In the reporting period from 1 January 2009 to 30 June 2009, consolidated sales amounted to EUR19.08 million (previous year: EUR16.27 million), 17.3% above the comparable prior-year figure. In addition, the operating result (EBIT) also increased to EUR0.65 million (previous year: EUR0.14 million). The period result was also positive at EUR0.28 million (previous year:EUR-0.35 million), up about EUR0.63 million on the comparable prior-year figure. This results in earnings per share of EUR0.04 (previous year: EUR-0.05). As at the reporting date of 30 June 2009, total assets amounted to EUR18.20 million (31 December 2008: EUR17.66 million). With equity of EUR6.61 million (31 December 2008: EUR6.18 million), the equity ratio climbed from 35.0% to 36.3%. As at the reporting date of 30 June 2009, cash and cash equivalents amounted to EUR1.36 million (31 December 2008: EUR 2.39 million). 'The positive development in business and earnings in the first half of 2009 is mainly due to the restructuring completed in 2008 and the strategic adjustments to the business model. In addition to streamlining our business and cost structures, we opened up new sales and revenue potential by expanding our range of services with additional value-added services - such as procurement and sourcing. These targeted changes to our manufacturer and supplier portfolio and the related focus on technological high-end components and products show that we have already reacted at an early stage to the changing requirements of the electronics industry. In line with this, we successfully held our own on the market, even in an ongoing challenging economic environment. We are anticipating a slowdown in sales and earnings development for seasonal reasons in the third quarter of 2009, but we continue to be confident about overall growth in the 2009 financial year - not least due to our strong positioning,' remarked Stefan Haas, CFO of UR Holding S.p.A. The Management Board 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. Unternehmenskontakt: 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 GermanyTel. +49 (0)69 - 743 037 - 0 Fax +49 (0)69 - 743 037 - 22 ir-urgroup@gfei.de www.gfei.de 24.09.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------------
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