UR Holding S.p.A. / Key word(s): Half Year Results
13.09.2010 18:02
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UR Holding S.p.A.
Publication of the 2010 Mid-term Report
- Consolidated bookings increase by 31.9% to EUR21.9m (previous year
EUR16.6m)
- Consolidated sales still lagging behind at EUR16.3m due to extended
lead times from manufacturers (previous year EUR19.08m)
- EBIT has reached EUR0.52 (previous year EUR0.65m)
- Positive trend from Q1 2010 continues and positive outlook for 2010 as
a whole reinforced
Milan, 13 September 2010: UR Holding S.p.A. (SIN: A0LBEG/ISIN IT0003463772)
today published its report on the first half of 2010 financial year.
The positive development in bookings observed in the first quarter of 2010
also continued in the second quarter of 2010. In the reporting period from
1 January 2010 to 30 June 2010, consolidated bookings amounted to EUR21.9m
(previous year EUR16.6m), 31.9% above the comparable prior-year figure.
Sales and earning-figures for the first half-year 2010 do not yet fully
reflect the strategic success of the group. This is as a direct result of
the significantly increased lead-times from the manufacturers and the low
order volume due to the crisis in Q4-2009. This, of course, does not just
affect UR alone but the entire industry is impacted. The company considers
this as the major challenge over the next months and significant
improvement is not expected until early 2011. Revenues in the first six
months 2010 amounted up to EUR16.31m (HJ 2009: EUR19.08m), despite this
lower revenues, the EBIT has already reached EUR0.52m (HJ 2009: EUR0.65m)
At the reporting date of 30 June 2010 total assets amounted to EUR16.62m
(30 June 2009 EUR18.19m). With equity of EUR6.29m (30 June 2009 EUR6.61m),
the equity ratio is stable at 37.9%. At the reporting date of 30 June 2010
cash and cash equivalents amounted to EUR1.62m (30 June 2009: EUR1.36m).
'Although the first half-year of 2010 has shown a slight recovery in the
worldwide economy, the market environment is still challenging and many
traditional parameters of our industry are about to change or to be
adjusted. Due to the permanent evolution of the strategy, UR was able to
benefit from this development. We consider our capability and culture to
anticipate future market needs and demands as key for our future success.
We started the evolution of our strategy with significant investments that
continue today. Despite this the company has remained stable and solid
throughout the crisis - even more important, UR was able to keep its
structure intact without reduction of people. On the contrary, we have used
this market environment to expand further and in early 2010 we opened our
new office in North America.
The strong booking numbers over the last six months are the
'proof-of-concept' for the steps we have taken. UR was able to expand its
communication strategy into new markets like Transportation, Defence,
Broadcasting and Medical. In the future we also expect a further
contribution from our operations in North America and the added-value
services focused on the Supply Chain Management for our Manufacturers and
Customers,' remarked Stefan Haas, CFO of UR Holding S.p.A.
The Management Board
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 a selective range of additional value-added services. Thanks to
this unique market positioning, UR is one of Europe's leading demand
creation companies in the electronics industry.
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 contact:
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
13.09.2010 18:02 Dissemination of a Corporate News, transmitted by DGAP -
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DGAP-News: Publication of the 2010 Mid-term Report
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