3U paves the way for anticipated growth spurt

  • 2023 financials accord with the guidance adjusted last November
  • Segment development affirms intact business model
  • Proposal for profit distribution provides for dividend of EUR 0.05 per share
  • 2024 to be marked by significant revenue growth and investments to forge ahead with MISSION 2026

Marburg, 28 March 2024 – As already communicated when the preliminary figures were published, 3U HOLDING AG (ISIN DE0005167902; identifier: UUU) has delivered proof of its strong resilience thanks to its well-diversified business model in an environment characterised by economic and regulatory challenges.

Consolidated revenue rose by 4.0 % overall to EUR 52.4 million in the financial year 2023 (previous year: EUR 50.3 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 5.2 million in the period under review (previous year: EUR 8.5 million). The Group’s EBITDA margin came in at 10.0 %, following on from 16.9 % in the year-earlier reporting period that was heavily influenced by special items. Net of minority interest, earnings after taxes for the 3U Group in 2023 totalled EUR 2.6 million (previous year: EUR 3.2 million), therefore settling at the upper end of the forecast corridor last adjusted in November 2023.

As Uwe Knoke, Management Board member responsible for strategy and business development, states: “Our strong resilience and well-diversified investment portfolio forms an excellent basis for reaping sustainable benefit from several megatrends in the coming years. The year 2024 will see some important strategic steps as we want to prepare for imminent expansion in the Renewable Energies segment and in the SHAC segment by making the necessary upfront investments. We will also continue to focus on the topic of external growth. In these endeavours, we will be filling the key prerequisites for pursuing our value creation goals under our MISSION 2026 growth strategy.”

Well-balanced business model ensures positive development in a difficult environment

In 2023, the ITC and Renewable Energies segments generated revenue growth in the double-digit percentage range on the back of upbeat developments, while also considerably improving earnings. Against the backdrop of weak online retail prevailing Germany and the massive slump in construction activities, the SHAC segment sustained a decline in revenue while nevertheless significantly outperforming the relevant market.

The ITC segment raised revenue by 26.3 % overall to EUR 15.3 million in 2023 (previous year EUR 12.1 million). Organic growth stood at 10.3% and is principally attributable to success in winning new customer business. The strongest growth was achieved by Managed Services. The share of this business in revenue was raised successfully from 27.1% to 37.4% in accordance with the business strategy and underpinned by acquisitions. Voice Business came second best in terms of performance. The comprehensive offer of network infrastructure, termination, including value-added services for business customers, continued to generate the lion’s share of 53.8% in the 3U Group’s ITC segment. Revenues from call-by-call solutions and preselection telephony in the end customer segment declined in line with expectations. The share of the retail business in segment revenue decreased from 13.4% to 8.9%. As a result of the profitable product mix, segment EBITDA increased by 24.7% to EUR 3.9 million (previous year: EUR 3.1 million). The EBITDA margin of 25.5% remained at a high level (previous year: 25.8 %).

Despite the temporary downtime of a wind turbine in Roge in the first quarter of 2023, the Renewable Energies segment delivered a higher energy yield than in the previous year, boosted by favourable meteorological conditions. All in all, the electricity produced by 3U’s power plants rose by 5.5 % to 73.2 GWh (previous year: 69.4 GWh). In mathematical terms, the electricity generated by the 3U Group was therefore sufficient to cover the average power consumption of around 20,000 four-person households in Germany while saving more than 30,000 tons of climate damaging carbon dioxide. Sales revenues advanced from EUR 7.2 million to EUR 8.1 million in the reporting year. Owing to the gratifying production figures and the advantageous feed-in rates, segment EBITDA increased significantly from EUR 3.4 million to EUR 5.8 million, reflecting growth of 71.6 %. The Renewable Energies segment’s EBITDA margin rose from 47.2 % to 72.4 % in 2023 although profitability was still impacted by unscheduled repair costs at the Roge Wind Farm.

The SHAC segment was unable to decouple from the general economic environment: revenue generated by e-commerce and by the DIY trade declined significantly. Rising interest rates resulted in difficult framework conditions in the construction industry and caused building permits for single family homes to plunge. In addition, the lack of planning reliability arising from political debate concerning the amendment of the German Building Energy Act (GEG) proved to be a huge constraint on growth. Although business in the SHAC segment outperformed the industry environment in the reporting period, the segment nevertheless sustained a decline in revenue and earnings. Segment revenue stood at EUR 29.6 million period under review, down 6.0 % (previous year: EUR 31.5 million). Due to the development in revenue and upfront investment in personnel and equipment associated with the ThermCube launch, segment EBITDA posted EUR –1.2 million (previous year: EUR 0.1 million).

Sound balance sheet ratios as a foundation for raising value in the future

Total assets stood at EUR 119.3 million on 31 December 2023 (31 December 2022: EUR 243.6 million). The contraction of the balance sheet is essentially attributable to the lower level of cash and cash equivalents as a result of the exceptionally high dividend distribution for the financial year 2022 following the successful sale of the weclapp investment. At the end of the reporting year, and despite record dividend, the 3U Group had cash and cash equivalents of EUR 55.4 million at its disposal (31 December 2022: EUR 189.7 million). The dividend payout is also reflected in equity which dropped to EUR 89.6 million at year-end 2023, compared with EUR 211.2 million as of 31 December 2022. Seeing as the 3U Group was in a position to reduce its liabilities in the financial year, the balance sheet continues to report a very sound equity ratio of 75.1 % (31 December 2022: 86.7 %). The key financials remained at a good level overall at the end of the reporting period. In line with expectations, the debt-to-equity ratio increased from 15.4 % to 33.2 % due to the significant changes in equity. The net cash position posted EUR 39.8 million on 31 December 2023 (31 December 2022: EUR 173.2 million). Working capital currently stands at EUR 68.9 million compared with EUR 196.9 million at the end of 2022.

Appropriate participation of the shareholders in the company’s success

The Group’s earnings after tax from continuing operations totalled EUR 2.6 million in 2023 (previous year: EUR 3.2 million). Earnings per share came in at EUR 0.07 (previous year: EUR 0.09). On this basis, the Management Board and the Supervisory Board propose to distribute dividend of EUR 0.05 per share to the shareholders. In tabling this proposal, management has also taken account of the fact that the performance anticipated by the shareholders in the reporting year was influenced by the partly difficult framework conditions. Pending approval by the Annual General Meeting on 28 May 2024, this proposal would correspond to a payout ratio of more than 70 % and a dividend yield at the 2023 year-end closing price of more than 2.4 %. The 3U Group has therefore enabled its shareholders to participate in profit in the form of paying out an attractive dividend for eight years in a row.

Outlook: rigorous implementation of the profitable growth strategy

The company anticipates further profitable growth in 2024. The Management Board assumes that the ITC segment will continue to perform well. At the same time, as part of its MISSION 2026 growth strategy, the Board will continue to concertedly implement the measures necessary to strengthen its competitiveness in its SHAC e-commerce operations. These measures include the realignment of the range on offer, flanked by expanding the proportion of profitable products and services, for instance, in the field of photovoltaics, along with streamlining low growth niche activities. As far as the Renewable Energies segment is concerned, 3U is opting for extensive investments to expand its own power generating capacities. Having obtained approval for the Langendorf Wind Farm repowering project, the Group can immediately move ahead swiftly in realising the project with the aim of raising installed capacity in Langendorf from 22.5 MW to 43 MW as planned over the period through to 2025. Depending on the general conditions in the construction industry, the Group is anticipating growth in the SHAC segment later on in the year. Accordingly, 3U expects overall revenue for 2024 – without acquisitions – to settle in a range of between EUR 58 million to EUR 62 million, which would correspond to a year-on-year increase of around 10 % and 18 % respectively. Owing to the necessary upfront investments in 3U’s future competitiveness, and in conjunction with repowering measures commencing at the Langendorf location, the EBITDA margin is anticipated in a range of approximately 7 % to 8 % in 2024. Net of these one-off effects, the return would improve further in 2024.

“Our funds have already enabled us to develop our resources in the ITC business very satisfactorily. As far as SHAC is concerned, we intend to strengthen our competitiveness and to continue screening intensively for acquisitions. In Renewable Energies, we are moving full steam ahead with repowering and concentrating on project developments in Brandenburg that have already resumed. In doing so, we are concertedly pursuing all the measures necessary for significantly raising the company’s value under our MISSION 2026,” adds CFO Christoph Hellrung.

3U key figures 2023

2023 2022 +/-
Consolidated revenue EUR million 52.35 50.32 4.0 %
  ITC EUR million 15.34 12.14 26.3 %
  Renewable Energies EUR million 8.06 7.20 11.9 %
  SHAC EUR million 29.63 31.51 -6.0 %
Group EBITDA EUR million 5.23 8.49 -38.4 %
  ITC EUR million 3.91 3.14 24.7 %
  Renewable Energies EUR million 5.83 3.40 71.6 %
  SHAC EUR million -1.18 0.12
EBITDA margin % 10.0 16.9
  ITC % 25.5 25.8
  Renewable Energies % 72.4 47.2
  SHAC % -4.0 0.4
Group result EUR 2.55 3.15 -19.0 %
Earnings per share (basic) EUR 0.07 0.09 -22.2 %
Earnings per share (diluted) EUR 0.07 0.08 -12.5 %
31/12/2023 31/12/2022 +/-
Equity ratio % 75.1 86.7
Cash & cash equivalents EUR million 55.4 189.7 -70.8 %
Working capital EUR million 68.9 196.9 -65.0 %
Net cash EUR million 39.8 173.2 -77.0 %
Free cash flow EUR million -7.4 164.4
Employees FTE 164 128 28.1 %

 

A webcast on 3U HOLDING AG’s 2023 annual financial statements together with CFO Christoph Hellrung and Uwe Knoke, Board member responsible for Strategy and Business Development, will be held on 28 March 2024 at 10:00 CET. The presentation will be conducted in German. Afterwards, participants will have the opportunity of asking questions.

Please register here here to participate in the web cast.

A recording of the web cast will be available for viewing after the event in our media library.

The Annual Report 2023 is available for downloading in the publications section.

 

Contact:
Thomas Fritsche
Investor Relations
3U HOLDING AG
Tel.: +49 (0)6421 999 – 1200
email: IR@3U.net

About 3U:
3U HOLDING AG (www.3U.net), based in Marburg, Germany, was founded in 1997. As the operating management and investment holding company, it heads up the 3U Group. With a view to increasing the value for the shareholders, employees, customers, suppliers and all stakeholders, the company acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group operates successfully and profitably with its business models in mega trends in all three segments and is striving to attain market leadership in particular with its e-commerce business model. 3U HOLDING AG shares are traded on XETRA, Tradegate and on German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

3U HOLDING AG given the green light for the repowering project in the Langendorf Wind Farm / Saxony-Anhalt

Marburg, 27 March 2024 – 3U ENERGY PE GmbH, a wholly-owned subsidiary of 3U HOLDING AG (ISIN DE0005167902), has today obtained approval in accordance with the German Federal Immission Control Act (BImSchG) for the construction of new wind turbines on the Langendorf Wind Farm, Burgenlandkreis, a district in Saxony-Anhalt, Germany. An initial hurdle for promoting strong growth in the Renewable Energies segment in the coming years has therefore been cleared.

Important milestone achieved for planned capacity expansion

The approval procedure in line with Germany’s BImSchG is a very complex process as it takes account of all aspects of a wind turbine’s impact on the environment. Consequently, a positive decision is the most important regulatory milestone in the whole project workflow for an enterprise of this kind. The approval covers the building and operating of turbines along with the construction of access roads to the individual turbine sites and the necessary crane erection and assembly areas. There are also plans for building a substation for feeding the energy produced into the grid. Work on preparing the site for building on the designated project area in Langendorf is due to commence in the autumn of 2024.

Planned new wind energy facilities to double electricity production in Langendorf

The repowering project provides for seven of the 15 existing wind turbines to be replaced by five new turbines. The new Vestas V162 wind turbines have a nominal output of 6.2 megawatt (MW), a hub height of 169 m and a rotor diameter of 162 m. Upon implementation of the project, the installed wind turbine capacity in Langendorf will be raised from currently 22.5 MW to 43.0 MW. The design of the new turbines allows them to generate around twice as much environmentally compatible electricity per megawatt of nominal output as the existing facilities.

The energy yield of the Langendorf Wind Farm amounted to more than 35.5 GWh in 2023, thereby even exceeding the farm’s own yield target of 35 GWh. After repowering, the Langendorf Wind Farm’s electricity production is likely to increase to around 95 GWh, which corresponds to the average power consumption of around 30,000 four-person households in mathematical terms. The eight remaining GE 1.5sl wind turbines, each with a nominal output of 1.5 MW, will continue to operate during the construction phase and thereafter. The 3U Group’s total output in producing environmentally compatible electricity free of CO2 emissions will increase by almost 40 %, from 53.0 MW to an overall 73.5 MW, once the new wind turbines are operating. 3U has estimated a total financing volume of more than EUR 50 million for implementing the project, largely covered by long-term loans.

The first electricity generated by the new facilities scheduled for 2025

3U ENERGY PE GmbH is managing the project involving the entire conversion measures on the Langendorf Wind Farm. Pending the successful participation in a tender for onshore wind and possible delays, the foundations for the new wind turbines are due for completion in mid-2025 in line with the project plan. The delivery and erection of the wind turbines and the completion of the new substation have been scheduled for the second half of 2025. The new facilities in the Langendorf Wind Farm are expected to go live and produce electricity in the fourth quarter of 2025 at the latest.

“In our groupwide growth strategy, the Renewable Energies segment is playing an increasingly important role,” states Christoph Hellrung, 3U HOLDING AG’s Chief Financial Officer and Management Board member responsible for the Renewable Energies segment. “The repowering targeted for our existing wind farms and the resumed project developments in Brandenburg open up the prospect for us of considerable upside potential for revenue and earnings in the medium term. The strong expansion of our facilities for generating electricity from wind and sun is an important contribution to achieving Germany’s climate targets and also for implementing our value strategy under our MISSION 2026.”

 

Contact:
Thomas Fritsche
Investor Relations
3U HOLDING AG
Tel.: +49 (0)6421 999 – 1200
email: IR@3U.net

About 3U:
3U HOLDING AG (www.3U.net), based in Marburg, Germany, was founded in 1997. As the operating management and investment holding company, it heads up the 3U Group. With a view to increasing the value for the shareholders, employees, customers, suppliers and all stakeholders, the company acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group operates successfully and profitably with its business models in mega trends in all three segments and is striving to attain market leadership in particular with its e-commerce business model. 3U HOLDING AG shares are traded on XETRA, Tradegate and on German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

3U subsidiary Selfio expanding its online range

  • Online home technology shop Selfio now has a wider range of solar energy and battery storage systems
  • Full-line kits and expert advice facilitate rapid realisation
  • 3U responds to rising demand for climate-compatible technologies

Marburg, 20 March 2024 – Just in time for spring, with sunnier days ahead, Selfio, a 3U HOLDING AG Group company which specialises in serving self-builders and DIYers, is expanding its range of photovoltaic (PV) systems and battery storage systems. From solar modules, inverters and power storage units through to kits with perfectly coordinated components, the company functions as a one-stop shop for a new photovoltaic system or for the upgrading of an existing system. Whether flat or pitched roof, house façade, carport or outdoor area, homeowners can procure all the components they need from the online shop to generate climate-compatible electricity.

Selfio has chosen the products of well-known names for its new range. Astronergy’s PV modules offer state-of-the-art technology and are available in the Blackframe and Fullblack versions. Inverters from Huawei, KOSTAL and GoodWe are also offered for system operation, as string and as hybrid variants for the additional integration of an electricity storage system. These electricity storage systems also originate from GoodWe or LG and ideally supplement solar energy systems with a view to increasing the share of self-generated electricity. The storage facilities are also suitable for retrofitting an existing solar energy system.

“The photovoltaic modules and inverters enable solar energy to be efficiently converted into electrical energy. Whether for self-consumption in combination with electricity storage or for feeding into the grid, photovoltaic projects can be implemented as required with Selfio’s solar technology. During the launch phase, our customers benefit from “PV weeks”, campaigns which offer new photovoltaic products at a special price,” explains Uwe Knoke, Management Board member responsible for strategy and business development at 3U HOLDING AG. 

Contemporary electricity production harnessing photovoltaic systems

Investing in a solar energy system makes sense, both from a financial and from an environmental standpoint. State subsidies and incentives for energetic measures are available.

Affordable purchase: VAT is currently not levied on the components of a solar energy system, which applies to photovoltaic modules, inverters and electricity storage systems.

State subsidy: In many federal states and municipalities, funding programs are available for a new photovoltaic system or for upgrading an existing one, which is worthwhile as it lowers the investment costs.

Savings effect: Using self-generated electricity from a photovoltaic system is far cheaper than buying it in from the grid – so self-consumption pays off. An additional source of funds comes from feeding surplus electricity into the grid. As soon as the solar energy system has paid for itself, the energy used may even cost nothing at all.

Climate compatible: electricity sourced from solar energy is climate compatible and does not generate any emissions. Homeowners are therefore able to reduce their environmental footprint.

Selfio sells all of its products directly but mainly online. The company offers its customers free advice and a comprehensive service with precise instructions to make DIY work easier for them.

“3U’s e-commerce operations enable us to make an important contribution to the energy transition. In times of a desperate shortage of tradespeople and rising costs, we enable our customers to take building and renovating into their own hands,” Knoke states. “The growth in 3U’s e-commerce operations is promoted by targeted expansion of the product range and also of our focus to date on heating, air conditioning and water, along with broadening our customer base. We put clear blue water between ourselves and our competitors through offerings tailored to the market, flanked by extensive customer support, with expert advice and effective assistance,” Knoke adds.

 

Contact:
Thomas Fritsche
Press / Investor Relations
3U HOLDING AG
Tel.: +49 (0)6421 999 – 1200
email: IR@3U.net

Jörg Elmer
Product Management
Selfio GmbH
Tel.: +49 (0)2224 1237 – 6546
email: joerg.elmer@selfio.de

About 3U
3U HOLDING AG (www.3U.net), based in Marburg, Germany, was founded in 1997. As the operating management and investment holding company, it heads up the 3U Group. With a view to increasing the value for the shareholders, employees, customers, suppliers and all stakeholders, the company acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group operates successfully and profitably with its business models in mega trends in all three segments and is striving to attain market leadership in particular with its e-commerce business model. 3U HOLDING AG shares are traded on XETRA, Tradegate and on German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

About Selfio
Selfio GmbH, a subsidiary of 3U HOLDING AG, has operated for more than a decade as a reliable partner for self-builders when it comes to new builds or renovations. Selfio GmbH is the largest Group company in the SHAC (Sanitary, Heating and Air Conditioning Technology) segment. The company offers builder-owners and DIYers a wide range of systems and products covering the entire scope of work involving sanitary, heating and air conditioning technology which can be procured online, as well as support in planning customers’ projects. The company’s extensive offering of expert advice online is supplemented by many freely available DIY videos.

3U HOLDING AG brings the financial year 2023 to a successful close

  • Preliminary figures show: revenue growth at 4% in the financial year 2023; EBITDA margin at 10%; Group result at the upper end of guidance
  • Two of the three operating segments report higher revenue and improved profitability
  • Management proposes dividend distribution of EUR 0.05
  • Outlook for 2024: further growth in a challenging market environment

Marburg, 11 March 2024 – 3U HOLDING AG (ISIN DE0005167902; identifier: UUU) has today submitted the preliminary results for the financial year 2023 and the outlook for the company in 2024. Accordingly, and as forecast, 3U raised consolidated revenue, and earnings before interest, taxes, depreciation and amortisation (EBITDA) for the Group in 2023 was in line with expectations which were last adjusted in November. The company anticipates further profitable growth in the current financial year. At the same time, 3U continues to rigorously implement the measures deemed necessary under its MISSION 2026 for enhancing competitiveness in the SHAC segment’s e-commerce business and for expanding its power generating capacities in the Renewable Energies segment.

On a provisional basis, 3U HOLDING AG raised revenue by 4.0% to EUR 52.4 million in the financial year 2023 (previous year: EUR 50.3 million). The Group had previously targeted a range of between EUR 52 million and EUR 56 million. EBITDA came in at EUR 5.2 million (previous year: EUR 8.5 million). In terms of this metric, the Group lies within its predicted range of EUR 4.5 million to EUR 6.0 million, thereby slightly exceeding analysts’ expectations (consensus: EUR 5.0 million). The Group’s EBITDA margin amounted to 10.0%, following on from 16.8% in the year-earlier reporting period.

Uwe Knoke, Management Board member responsible for Strategy and Business Development, concludes that he is generally satisfied with the results achieved in a difficult economic environment: “The current figures are evidence that our business model also works in tough economic conditions. Thanks to the Group’s diversified positioning, we were able to largely compensate for the negative influences from the economy in the individual sectors. We can therefore be satisfied overall with what we have achieved. Our preliminary figures reveal that we have reached all our adjusted targets for 2023. This provides a sound basis for the years ahead in which we will naturally be striving to improve on the results.”

Higher electricity yield boosts profit in the Renewable Energies segment

The ITC segment (Information and Telecommunications Technology) and Renewable Energies segment have been successful in delivering revenue growth in the double-digit percentage range, while also achieving a significant improvement in earnings. Against the backdrop of weak e-commerce prevailing in Germany as a whole and a massive slump in construction activity, the SHAC (Sanitary, Heating and Air Conditioning Technology) segment sustained a significant decline in revenue.

The ITC segment lifted its revenue by more than 26% to EUR 15.3 million in 2023 (previous year: EUR 12.1 million). The strongest performance was delivered by Managed Services on the back of acquisitions. As a result of the profitable product mix, segment EBITDA also increased by more than 24% to EUR 3.9 million (previous year: EUR 3.1 million). The Renewable Energies segment generated a higher electricity yield in 2023 than in the previous year due to the good meteorological conditions. According to preliminary calculations, revenue advanced from EUR 7.2 million to EUR 8.1 million. Segment EBITDA increased significantly, from EUR 3.4 million to EUR 5.8 million, reflecting growth of a good 72%. Business in the SHAC segment was unable to disengage from the overall economic environment in 2023. Although the segment outperformed the industry environment in the reporting period, it nevertheless reported lower revenue and earnings. Revenue came in at EUR 29.6 million in the period under review, down 6% (previous year: EUR 31.5 million). Segment EBITDA stood at EUR –1.2 million (previous year: EUR 0.1 million).

The unaudited preliminary earnings after taxes from continuing operations amounts to EUR 2.6 million for the 3U Group in 2023 (previous year: EUR 3.2 million), and is therefore gratifyingly at the upper end of the forecast corridor last adjusted in November 2023. This corresponds to earnings per share of EUR 0.07 (previous year: EUR 0.09). On this basis, the Management Board and the Supervisory Board proposed to distribute dividend of EUR 0.05 per share to the shareholders. Pending approval by the Annual General Meeting on 28 May 2024, this corresponds to a payout ratio of more than 70%.

Confidence for significant revenue growth in 2024

Despite generally subdued macroeconomic expectations for the individual segments, the Management Board estimates organic revenue growth in the financial year 2024 in a range of approximately 9% to 16% to between EUR 58.0 million and EUR 62.0 million

Along with a sustained positive development in the ITC segment’s business, a broader product range, flanked by stepping up sales and marketing measures in the SHAC e-commerce business, are measures aimed at contributing to the organic growth targeted. In addition, 3U will be promoting inorganic growth through successful company acquisitions to secure its plans to boost earnings in the coming years.

As far as the Renewable Energies segment is concerned, 3U is opting for extensive investments to expand its own power generating capacities. Owing to the necessary upfront investments in 3U’s future competitiveness, and in conjunction with repowering measures commencing at the Langendorf location, the EBITDA margin is anticipated in a range of approximately 7% to 8% in 2024.

“As part of our MISSION 2026 strategy programme, we have defined clear value potential within the Group and specified targets for each of the three segments. The year 2024 will mark a milestone on this journey. By making the necessary investments in the future, we will be ensuring – dependent on realising the necessary acquisitions – that the dynamic uptrend in our development anticipated for the financial years 2025 and 2026 will be realised,” CFO Christoph Hellrung states.

The final results for 2023 will be published, as scheduled, on 28 March 2024.

A webcast on 3U HOLDING AG’s 2023 annual financial statements together with CFO Christoph Hellrung and Uwe Knoke, Board member responsible for Strategy and Business Development, will be held on 28 March 2024 at 10:00 CET.

Please register here to participate in the webcast.

Contact:

Thomas Fritsche
Investor Relations
3U HOLDING AG
Tel.: +49 (0)6421 999 – 1200
email: IR@3U.net

About 3U:

3U HOLDING AG (www.3U.net), based in Marburg, Germany, was founded in 1997. As the operating management and investment holding company, it heads up the 3U Group. With a view to increasing the value for the shareholders, employees, customers, suppliers and all stakeholders, the company acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group operates successfully and profitably with its business models in mega trends in all three segments and is striving to attain market leadership in particular with its e-commerce business model. 3U HOLDING AG shares are traded on XETRA, Tradegate and on German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).