PTA-Adhoc: 3U HOLDING AG: 3U HOLDING AG plans to sell the commercial property in Hanover
Expected divestment leads to an increase in the forecast for the financial year 2018

4/20/2018, 2:00 PM (Source: pressetext)
Marburg (pta026/20.04.2018/14:00) - 3U HOLDING AG plans to sell the commercial property acquired in Hanover in March 2014. The acquisition costs amounted to approximately EUR 8.4 million. Due to the sale, a positive contribution to earnings of around EUR 1.9 million and an increase of the equity ratio to more than 50 % are expected. The external financing of EUR 4.0 million related to the property will be redeemed as part of the transaction without any substantial prepayment penalty.

Public disclosure of inside information according to article 17 MAR

Marburg (pta026/20.04.2018/14:00) - 3U HOLDING AG plans to sell the commercial property acquired in Hanover in March 2014. The acquisition costs amounted to approximately EUR 8.4 million. Due to the sale, a positive contribution to earnings of around EUR 1.9 million and an increase of the equity ratio to more than 50 % are expected. The external financing of EUR 4.0 million related to the property will be redeemed as part of the transaction without any substantial prepayment penalty.

Both buildings are currently fully leased to different parties. In one of the buildings there is a 550 square meters data center of 3U TELECOM GmbH which will continue to be operated there.

For the financing of the commercial property, the buyer has today received a binding financing commitment.

Against the background of the anticipated divestment, which was not part of the plan so far, the Management Board increases its previous forecast for the current financial year as follows:

in EUR million Current forecast of the Group's key figures 2018 Previous forecast of the Group's key figures 2018
Sales 46 - 50 46 - 50
EBITDA 8.0 - 9.5 6.5 - 8.0
Earnings 2.5 - 3.5 1.0 - 2.0

The purchase price payment is expected after the completion of the transaction until the end of the first half of the year.

(end)

emitter: 3U HOLDING AG
address: Frauenbergstraße 31-33, 35039 Marburg
country: Germany
contact person: Peter Alex
phone: +49 6421 999-1200
e-mail: IR@3U.net
website: www.3u.net

ISIN(s): DE0005167902 (share)
stock exchanges: regulated market in Frankfurt, Tradegate; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20180420026 ]