Disclosure of insider information pursuant to Art. 17 MAR
Marburg, 23 January 2024 – The Management Board of 3U HOLDING AG (ISIN DE0005167902; ticker: UUU) expects a continued positive business performance in the Information and Telecommunication segment in 2024 and a slight decline in electricity revenues in the Renewable Energies segment. In view of the fact that the general conditions in the construction industry are not likely to improve until the second half of the year, the Group anticipates slight growth in the Sanitary, Heating and Air Conditioning Technology segment. Accordingly, 3U expects total revenues in a range of EUR 58 million to EUR 62 million for 2024. The EBITDA margin is estimated to be in a bandwidth of around 7 % to 8 %. Consolidated net income should be between EUR 0 million and EUR -1.0 million, reflecting due to higher depreciation and amortization and a decline in the financial result.
This announcement can contain forward-looking statements that are based on current expectations and certain assumptions of the management of the Group. A variety of known and unknown risks, uncertainties and other factors can cause the actual results, the financial situation, the development or the performance of the company to be materially different from the announced forward-looking statements. Such factors can be, among others, geopolitical conflicts, pandemic diseases, changes in currency exchange rates and interest rates, the introduction of competing products or the change of the business strategy. The company does not assume any obligation to update such forward-looking statements in the light of future developments.
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3U HOLDING AG
Commercial Register: District Court Marburg HRB 4680
Trading venues: XETRA, Tradegate, Frankfurt, Berlin, Hamburg, Düsseldorf, Munich, Stuttgart
3U HOLDING AG (www.3u.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. For the purpose of increasing value for all stakeholders, it acquires, operates and sells companies in the three segments ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology).The 3U Group has successful business models based on megatrends in all three segments and is striving to achieve leading positions in the market, in particular with its e-commerce business area. 3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges.