3U HOLDING AG Revises 2024 Financial Forecast

3U HOLDING AG has announced adjustments to its financial guidance for 2024. Despite an increase in sales in the first nine months compared to the previous year, challenges in Renewable Energies and SHAC segments have led to this revision. Factors such as meteorological conditions and availability issues with wind turbines have impacted the Renewable Energies segment. Demand in the SHAC sector also remains below expectations.

The new sales target is set to be at least EUR 55 million, reduced from the previous range of EUR 58 million to EUR 62 million. The anticipated EBITDA margin has been lowered to 4% to 5%, down from the earlier estimate of 7% to 8%. The company plans to release its nine-month fiscal report on November 12.