3U HOLDING AG publishes preliminary Group earnings for 2017 and confirms forecast for financial year 2018

Marburg, March 2, 2018 – 3U HOLDING AG (ISIN DE0005167902) was able to build on the positive development of the previous year in the past financial year 2017 as well.

According to preliminary unaudited figures, the targets for the 2017 financial year were fully met. In 2017, 3U achieved an increase in sales of 7% to EUR 46.9 (Q4: 11.3) million, a 43% increase in EBITDA to EUR 6.7 (Q4: 1.5) million and an improvement of 67% in the consolidated result to EUR 1.1 (4th quarter: 0.3) million. Compared to the previous year, this results in the following key figures:

  Preliminary unaudited consolidated key figures 2017 Latest forecast of the Group key figures 2017 Group key figures 2016
Sales (in EUR million) 46.9 45 – 47 43.7
EBITDA (in EUR million) 6.7 5.5 – 7.5 4.7
Group earnings (in EUR million) 1.1 0.5 – 1.5 0.6

The very gratifying earnings development in the Group is due not least to the successful sale of the wind farm Schlenzer. As a further wind farm sale is expected in the current year, the Management Board confirms its forecast published in December 2017: 3U HOLDING AG expects consolidated sales of between EUR 46 million and EUR 50 million for the 2018 financial year, an EBITDA between EUR 6.5 million and EUR 8.5 million and Group earnings between EUR 1.0 million and EUR 2.0 million.

The Annual Report 2017 will be published on March 23, 2018.