Brief: 3U Holding Says Wind Farm Ludersdorf II Not Sold; FY 2018 Forecast Lowered

3U Holding AG

08/10/2018 22:04

Oct 8 (Reuters) - 3U Holding AG  UUUG.DE :
    * WIND FARM LÜDERSDORF II IS NOT SOLD
    * WINDPARK LÜDERSDORF REMAINS IN 3U INVESTMENT PORTFOLIO FOR
TIME
BEING
    * FORECAST FOR FINANCIAL YEAR 2018 LOWERED
    * INFORMED BY GREEN CITY THAT IT HAD NOT RECEIVED COMMITTEE
APPROVAL FOR ACQUISITION OF WIND FARM
    * INFORMED BY GREEN CITY THAT ADDENDUM TO OPTION AGREEMENT
FOR
SALE OF 100% OF SHARES OF MÄRKISCHE WINDKRAFT 110 GMBH TO NOT BE
SIGNED
    * SEES EBITDA EUR 6.5 MILLION TO EUR 8.0 MILLION IN 2018
    * SEES  FY 18 EARNINGS EUR 1.0 MILLION - EUR 2.0 MILLION
    * 3U HOLDING- DUE TO LACK OF THE SALES PROCEEDS, FORECAST
WHICH
WAS INCREASED DURING FINANCIAL YEAR FALLS BACK TO ORIGINAL
PLANNING FOR CURRENT FY

Source text for Eikon:  ID:nPexwjmrra 
Further company coverage:  UUUG.DE 

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