3U’s growth course continues

  • Sales and earnings forecast met in the 2018 financial year
  • Significant sales growth planned for 2019
  • Expected dividend proposal of EUR 0.03

Marburg, 28 February 2019 – In the 2018 financial year, 3U HOLDING AG (ISIN DE0005167902) continued the positive performance it achieved in the previous year. According to preliminary unaudited figures, it generated consolidated sales of EUR 48.0 million, corresponding to growth of 2.3 % (2018: EUR 46.9 million). The main drivers of growth were the cloud computing and e-commerce business areas, which together already account for over 40 % of sales within the Group.

Gross profit improved considerably due to the encouraging expansion of the Group’s business activities overall as well as the higher level of other income compared with the previous year. This was offset by a rise in staff costs and other expenses, resulting in EBITDA at the previous year’s level of EUR 6.7 million. Consolidated net profit increased by over 70 % from EUR 1.1 million to EUR 1.9 million thanks to improved net interest income and lower tax expense.

The Management Board expects sales to grow substantially in the 2019 financial year. Revenue in the EUR 51.0 million to EUR 55.0 million range is anticipated for 2019. EBITDA is expected to be between EUR 7.0 million and EUR 9.0 million. Consolidated net profit is planned to amount to between EUR 1.0 million and EUR 2.0 million once again owing to higher depreciation and amortisation and higher tax expense.

 

Forecast of Group key figures for 2019

Preliminary unaudited Group key figures for 2018

Most recent forecast of Group key figures for 2018

Group key figures for 2017

Sales (in EUR million)

51.0 – 55.0

48.0

46.0 – 50.0

46.9

EBITDA (in EUR million)

7.0 – 9.0

6.7

6.5 – 8.0

6.7

Consolidated net profit (in EUR million)

1.0 – 2.0

1.7

1.0 – 2.0

1.1

In view of the continued positive performance of the Group, the Management Board and the Supervisory Board are expected to propose distribution of a dividend of EUR 0.03 to the Annual General Meeting. The dividend will be paid out of the tax deposit account without the deduction of tax.

The 2018 annual report will be published on 25 March 2019.

 

Further information:
Dr Joachim Fleïng
Investor Relations
3U HOLDING AG
Tel.: +49 (0) 6421 999-1200
Fax: +49 (0) 6421 999-1222
E-mail: ir@3u.net

3U: new jobs at high-growth Cloud ERP provider weclapp

  • weclapp GmbH opens a new office in Frankfurt am Main
  • Popular employer expands its committed young team
  • Further significant sales growth planned for 2019

Marburg, 26 February 2019 – High-growth Cloud ERP provider weclapp GmbH (www.weclapp.com), a subsidiary of 3U HOLDING AG (ISIN DE0005167902), has opened an additional office in Frankfurt am Main. weclapp offers a comprehensive suite of technologically advanced Cloud-based business software and is rigorously pursuing further company growth. A key factor here is attracting skilled employees for research and development, sales and customer support. weclapp positions itself as a friendly, open and modern working environment for a committed young team. The number of employees working at its Kitzingen and Marburg offices climbed by 50 % to around 50 people over the course of the 2018 financial year.

The aim of the Frankfurt office is to provide a short work commute for new employees to be recruited from the Rhine-Main region. The first enquiries have already been received from interested candidates in the region. Although currently still small, the office is to be expanded in the future as the company grows.

Sales of the weclapp solution once again grew by around 50 % in the 2018 financial year – a growth rate that is also planned for 2019 and subsequent years.

“weclapp is one of the most promising business models in the 3U Group,” explains Michael Schmidt, Speaker of the 3U Management Board, enthusiastically. “We are continuously attracting new customers among small and medium sized enterprises with the fully developed product and are now also targeting larger companies and rigorously preparing for further internationalisation. Our goal is market leadership in cloud-based ERP systems for SME. In order to achieve this, we will strengthen our already impressive organic growth through repeated acquisitions. To this end we are currently reviewing additional financing options, including a potential IPO in the short or medium term.”

 

Further information:
Dr Joachim Fleïng
Investor Relations
3U HOLDING AG
Tel.: +49 (0) 6421 999-1200
Fax: +49 (0) 6421 999-1222
E-mail: ir@3u.net