Brief: 3U HOLDING announces withdrawal from sale of wind farm project

3U Holding AG

21/12/2015 07:17

Dec 21 (Reuters) - 3U HOLDING AG : 
    * Announced on Sunday withdrawal from sale of wind farm 
project 
    * It had been determined on both sides that some conditions 
were not met, and so the contract was cancelled 
    * Parties had stated that there is no consensus alternative 
to rescind the contract 
    * Commissioning in spring 2016 
    * Sales and earnings impact in 2015 is more than offset by 
future sales and profits 
    * 3U ENERGY PE GmbH will push ahead the construction of the 
wind farm, so that the initial operation is still scheduled for 
the second quarter 2016 
    * Essential target figures will barely reach the lower limit 
of the prognosis to date 
    * Now sees FY 2015 sales 47 million euros ($51 million)- 50 
million euros ($54 million) ($51 million - $54 million); 
previous prognosis: 50 million - 53 million euros 
    * Now sees FY earnings: -1.3 million euros to -0.9 million 
euros; previous prognosis:  -1.0 million and 1.0 million euros 
    * In the fourth quarter 2015 the first positive quarterly 
earnings at the Group level of the last four years is expected, 
despite lack of the one-off effect of sale proceeds 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nPex7CXFjN 
     
 Further company coverage: [UUUG.DE ]  
    
 
 
 
($1 = 0.9199 euros) 
 
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