UR Holding S.p.A.: Publication of Mid-term Report 2011
DGAP-News: UR Holding S.p.A. / Key word(s): Half Year Results UR Holding S.p.A.: Publication of Mid-term Report 2011
05.09.2011 / 18:00
Corporate News
CORPORATE NEWS SEPTEMBER 5th, 2011
UR Holding S.p.A. Publication of the 2011 Mid-term Report
- Further increase in consolidated bookings by 3.1% up to EUR18.6m (mid-term 2010 EUR18.0m)
- Significant increase in consolidated sales by 14.9% up to EUR18.7m (mid-term 2010 EUR16.3m)
- Strong increase in earnings, EBIT increased by 94.2% up to EUR1.01m (mid-term 2010 EUR0.52m)
- Positive trend from the first six months continues and positive outlook for 2011 as a whole reinforced
Milan, September 5th, 2011: UR Holding S.p.A. (SIN: A0LBEG/ISIN IT0003463772) today published its report on the first half of 2011 financial year.
UR Holding S.p.A. was able to continue the positive trend in bookings during 2010 and also into the first six months of the fiscal year 2011. The level of incoming orders has increased slightly by 3.1% and have now reached a level of EUR18.62m (mid-term 2010: EUR18.06m).
The ongoing high level of incoming orders over the last 12 months has also already positively impacted on sales during the 2nd half of 2010 and this has been continued also in 2011. Sales have been significantly increased by 14.9% up to EUR18.74m (mid-term 2010: EUR16.31%).
The investments of UR Holding S.p.A. in the evolution of its strategy for the Power- and Communication division has lead the Company towards more stable markets. The increased solution portfolio, including now also sub-system and complete systems has lead to a higher profitability on the overall business. The consolidated EBIT has significantly increased by 94.2% up to EUR1.01m (mid-term 2010: EUR0.52m), the net earnings have amounted to 892,000 Euro - equal to 12 Cents earnings per share (mid-term 2010: 3 Cents).
'The stable trend in bookings as well as the increased profitability have shown that we are on the right way to position UR Group well for the future. We will continue to invest in our organization with a special focus on our supply chain activities and also to further increase our presence in North America. Based on our stable position in Europe, we will put also a special focus on the German market where we consider the biggest opportunities to support the growth our Company in Europe. The target is to define the strategy until the end of 2011 and to implement it during 2012' says Stefan Haas, Chief Financial Officer of UR Holding S.p.A.
The Management Board
UR consolidated key figures as at June 30, 2011
Balance sheet ratios
2011-06-30 2010-06-30 Variance EUR 000 EUR 000 EUR 000 % Balance Sheet Total 16,733 16,617 + 832 + 0.7% Total Equity 7,158 6,292 + 866 + 13.8% Liabilities 9,575 10,325 - 750 - 7.8% Equity Ratio (%) 42,8% 37.9% + 4.9% Cash and cash equivalents 1,695 1,616 + 79 + 4.9%
Income statement ratios
2011-06-30 2010-06-30 Variance EUR 000 EUR 000 EUR 000 % Revenues 18,737 16,314 + 2,423 + 14.8 EBITDA 1,110 641 + 469 + 73.1 EBIT 1,011 523 + 488 + 93.2 Financial Result 118 -71 + 189 N/A EBT 1,188 460 + 728 + 158.3 Profit of the year 892 238 + 654 + 274.9 Earnings per share 0.12 0.03 + 0.09 + 300%
About UR Holding: Founded in 1996 and headquartered in Milan, UR Holding S.p.A. is a specialized and focused sales organization for electronic high- tech components and systems in the electronics industry. Unlike conventional sales companies, UR has far-reaching technological expertise, an international group structure, a comprehensive understanding of the market and is providing complimentary supply-chain services for it's customers. Thanks to this unique market positioning, UR is one of Europe's leading demand creation companies in the electronics industry. Contact: UR Holding S.p.A., Viale Edison 44, 20090 Trezzano S/N (MI), Italy Phone: +39 02 4840 1580 / Fax: +39 02 4840 1581 / corporate@urgroup.com / www.ur-home.com
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138190 05.09.2011
ISIN IT0003463772
AXC0181 2011-09-05/18:00
