3U Group Reports Profitable Growth in the First Half of 2024

3U Holding AG has achieved significant growth in the first half of 2024, with revenue increasing by 15.5% to EUR 29.0 million. The ITC segment was the main growth driver, showing a substantial year-on-year revenue increase of 55.4%. The SHAC segment also recorded growth, with revenue up by 16.2%.

Despite challenges in the Renewable Energies segment, including adverse weather conditions and technical issues, the company maintained a stable EBITDA of EUR 2.6 million. The EBITDA margin in the second quarter rose to 12.4%, up from 6.1% in the same period the previous year.

The Group’s financial position remains solid, with an equity ratio of 74.4% and total assets standing at EUR 118.6 million as of June 30, 2024. Management affirms its revenue guidance for 2024 and continues to focus on its MISSION 2026+ strategy for medium-term growth.