- Group turnover grows by 63.5 % compared to the previous year
- weclapp SE establishes sustainable structures for future growth
Marburg, 21 July 2022 – weclapp SE, a subsidiary of 3U HOLDING AG (ISIN DE0005167902), has presented its annual report for the year 2021., Thus, results for the weclapp Group are available for the first time. The published figures underpin the focused growth course of the 3U subsidiary and at the same time reflect the successful acquisitions of two companies as well as the integration of these new subsidiaries into the weclapp Group: ITscope GmbH is a provider of a B2B platform for eProcurement for IT service providers, FinanzGeek GmbH is a developer of an order and financial management platform for micro enterprises.
The income statement of the newly formed group includes the expenses and income of the two acquired subsidiaries for the months October 2021 to December 2021 by way of consolidation. In the financial year 2021, the newly formed weclapp group achieved consolidated revenues of EUR 11.98 million (2020: EUR 7.33 million per individual financial statement). This corresponds to a revenue growth of the group of 63.5 %. Revenues in this period were contributed to a small extent by FinanzGeek GmbH, whose product is still to be launched on the market, ITscope GmbH in the amount of EUR 1.17 million and weclapp SE in the amount of EUR 10.99 million (2020: EUR 7.33 million); this results in a revenue growth of the individual company weclapp SE in the amount of almost 50 %.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) were EUR 0.73 million below the previous year’s result at EUR 1.90 million. Adjusted for necessary expenses for M&A projects and IPO preparations, the adjusted EBITDA for the weclapp Group amounts to EUR 2.99 million. This corresponds to an adjusted operating EBITDA margin of 24.96 %.
“2021 was characterised by events that were very time-consuming and costly: IPO preparations, two company acquisitions and their structural and technical integration. In filling key positions in our process-oriented organisation, we were able to attract talent to drive the topics of product development, customer success, sales, and our sales-oriented marketing. These were and are the foundations for our further growth. Our platform solutions meet the high digitalisation needs of small and medium-sized enterprises – they drive the automation of business processes and companies gain competitive advantages in the process. Through our proven product feedback loop, we know the needs of SMEs and offer them suitable solutions with software-as-a-service,” says Ertan Özdil, founder and CEO of weclapp.
Since the 2019 reporting year, weclapp SE has voluntarily presented an annual report with audited and certified financial statements to provide the capital market with transparency as a growth company, which comprehensively supplements the reporting of the parent company 3U HOLDING AG.
The annual report is available in German Language on the website of weclapp SE https://www.weclapp.com/de/ueber-uns/ and 3U HOLDING AG https://www.3u.net/investor-relations/berichte.html.
Dr Stephanie Nickel
3U HOLDING AG
Tel.: +49 6421 999-2211
Fax: +49 6421 999-1222
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. It 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 has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.
3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).