3U adjusts guidance for 2024
The 3U Group is adjusting its targets for Group sales and profitability. Sales have increased in the current nine-month period compared to the previous year. Nevertheless, the development in the Renewable Energies and SHAC segment necessitates an adjustment. Meteorological conditions, restrictions in the availability of wind turbines and the development of monthly market values for onshore wind energy are having a noticeable impact on the results of the Renewable Energies segment. Similarly, the current subdued demand in the SHAC sector is not meeting expectations.
The target figures for 2024 are expected to be below the originally communicated ranges. Group sales are expected to amount to at least EUR 55.0 million (previously: EUR 58.0 million to EUR 62.0 million). In terms of profitability, the Management Board expects an EBITDA margin in the range of 4 % to 5 % (previously: 7 % to 8 %).
3U will publish the figures for the first nine months of 2024 as planned on 12 November.
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).
