Archive for month: December, 2017

Marburg, December 14, 2017 – Management Board and Supervisory Board of 3U HOLDING AG (ISIN DE0005167902) discussed the budget planning for the coming financial year at today’s Supervisory Board meeting and approved the following budget figures. Thereafter, 3U HOLDING AG expects a moderate increase in sales and a significant increase in earnings for the financial year 2018 compared to 2017.

In 2018, sales are expected to be between EUR 46 m and EUR 50 m, EBITDA between EUR 6.5 m and EUR 8.5 m, and consolidated earnings between EUR 1.0 m and EUR 2.0 m.

These budget figures are characterized by different expectations for the individual segments. In the segment ITC, the sales and earnings level of 2017 should be maintained. The very pleasing development in the cloud computing business increasingly compensates for the declining telephony business and should lead to renewed growth in the segment ITC in the years to come.

The segment Renewable Energy is largely influenced by the wind farm activities. Following the sale of a wind farm in the 2017 financial year, a wind farm sale is expected in the coming year as well.

In the segment SHAC, 3U HOLDING expects a continuation of its sales growth, while at the same time increasing the margin. Above all, the expansion of online trade is contributing to this development.

A detailed forecast for the coming financial year will be published in the Annual Report 2017, which will be published on March 23, 2018.