| UR Holding S.p.A. published its 2007 half-year report |
2007-09-15 at 11.59 hours
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In the first six months of the current fiscal year, the company increased revenues from EUR 23,574 thousand in the equivalent period of the previous year by EUR 1,462 thousand to EUR 25,036 thousand. This represents an increase of 6.2 percent. For the reporting period of the first halfyear of 2007, EBIT totalled EUR 683 thousand (previous year: EUR 1,219 thousand). To the reporting date, cash and cash equivalents of the company totalled EUR 2,838 thousand after EUR 998 thousand in the previous year. In comparison to the first half year of 2006, the equity ratio moved up from 21 percent to 37 percent in the first half year of 2007.
“The development of the UR Holding is on track, with order margins stable. In the reporting period we further expanded our international market position as well as optimising internal structures. The earnings decline is due to the scheduled investments to expand business activities on the rapidly changing high-tech component market,” stated Giovanbattista Laghezza, CEO at UR Holding S.p.A.
“The satisfactory trend in the operating business was overshadowed only by costs subsequently incurred in connection with the stock exchange listing and the costs deliberately assumed in the run-up to the acquistion of Austrian-based B.E.S.T. GmbH where the development is already very positive after a short period. Currency losses also played a further role in the present result,” commented Martin Kistner, COO at UR Holding S.p.A.
The half-yearly report can now be viewed at www.ur-home.com/financials/en/reports.php
The Management Board
UR Holding S.p.A.
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