3U HOLDING AG Announces Optimistic Preliminary Results for 2023 and Positive Outlook for 2024

3U HOLDING AG has disclosed its preliminary results for 2023, showcasing a revenue increase of 4% and an EBITDA margin of 10%, aligning with the upper end of their guidance. The company announced a dividend proposal of EUR 0.05 and projects further growth amidst a challenging market in 2024. Two out of three operating segments experienced revenue and profitability growth, with significant improvements noted in the Information and Telecommunications Technology (ITC) and Renewable Energies segments.

The ITC segment reported a revenue rise of over 26% to EUR 15.3 million, attributed to successful acquisitions and a profitable product mix, leading to an EBITDA increase of over 24%. The Renewable Energies segment also saw a notable improvement, with revenue climbing from EUR 7.2 million to EUR 8.1 million due to favorable meteorological conditions. However, the SHAC (Sanitary, Heating and Air Conditioning Technology) segment faced a revenue decrease of 6%, reflecting the challenging economic conditions in Germany.

Despite macroeconomic uncertainties, 3U HOLDING AG remains confident about achieving significant revenue growth in 2024, with projections ranging between EUR 58.0 million and EUR 62.0 million. The company emphasizes its commitment to strategic investments and acquisitions to foster organic and inorganic growth across its segments. The final results for 2023 will be published on 28 March 2024, with a webcast presentation scheduled for the same day.