DGAP-Adhoc: 3U HOLDING AG: Executive Board decides extensive downsizing and gives updated outlook for fiscal years 2013 and 2014

3U HOLDING AG / Key word(s): Change in Forecast

03.07.2013 20:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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As a consequence of the dynamically changing market conditions, the
Management Board of 3U HOLDING AG (ISIN DE0005167902) had already
formulated a Group-wide 4-points target achievement strategy 2013
at the end of 2012, which also included extensive staff reductions.

After the elimination of 25 positions in the first half of 2013, the
measures to cut 23 further jobs have now been implemented within the Group,
taking into account statutory notice periods. This mainly affected
development capacities at the subsidiary weclapp, which are now no longer
required after the main product of the company, the business apps of the
weclapp suite, has largely been completed. Also a potential investor of the
company who had declared his need for an undiminished development team has
recently cancelled.

Due to the aforementioned personnel measures, future personnel costs of
approximately TEUR 3,140 p. a. will be saved; equivalent to a quarter of
the personnel costs of the year 2012 (TEUR 12,473).

With all measures taken so far, the Group comes significantly closer its
objective to achieve a turnaround in the current year. Nevertheless - also
due to lower personnel resources and one-time expenses related to headcount
reductions - the Group's targets for 2013 have to be adjusted.

In its updated forecast the Management Board of 3U HOLDING AG continues to
expect a turnaround in the figures for fiscal year 2013. Sales between EUR
42 million and EUR 47 million, EBITDA of between EUR -2.5 million and EUR
-1.0 million and net income of between EUR -4.5 million and EUR -3.0
million are planned.

For 2014, the Management Board continues to expect sales of between EUR 50
million and EUR 55 million, EBITDA of between EUR 2 million and EUR 5
million and earnings of between EUR 0 million and EUR 2 million.

Contact:
Peter Alex
Head of Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net

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Language: English
Company: 3U HOLDING AG
Frauenbergstraße 31-33
35039 Marburg
Germany
Phone: +49 (0)6421/999-1200
Fax: +49 (0)6421/999-1222
E-mail: IR@3U.net
Internet: www.3u.net
ISIN: DE0005167902
WKN: 516790
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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