3U HOLDING AG

3U plans significant revenue growth for 2019 - Seite 3

Sustainably profitable growth planned
The Management Board expects revenue to grow substantially in the 2019 financial year. Revenue in the range between EUR 51.0 million and EUR 55.0 million is anticipated for 2019. EBITDA is expected to be between EUR 7.0 million and EUR 9.0 million. According to current planning, consolidated net profit will amount to between EUR 1.0 million and EUR 2.0 million once again owing to higher depreciation and amortisation and higher tax expense.
In particular, the strategically most important cloud computing and e-commerce businesses will keep growing as planned. This includes an additional focus on international expansion in the current financial year. In addition, 3U is pursuing options to lend these businesses extra impetus through acquisitions, including of customer bases. 3U subsidiaries also have a clear competitive edge in terms of technology. This is to be further strengthened and enhanced through initiatives in research and development, especially with regard to the use of artificial intelligence. Higher earnings contributions are also expected from the telecommunications business.
"After a successful 2018, we are expanding from a sound foundation in 2019," says Michael Schmidt, CEO of 3U HOLDING AG. "In 2019, our attention is focused on innovatively enhancing our technologies, eradicating barriers to growth and tapping new potential. Our aim is to take up leading positions in our strategic business areas. To achieve this more quickly, we are currently reviewing various additional financing options, up to and including a potential IPO in the short or medium term. We are successively and consistently implementing our growth strategy. We want to give our shareholders a share in this success not only via a higher dividend but also by increasing our enterprise value."

Annual report
The annual report for the 2018 financial year will be published today, on 25 March 2019. It can be downloaded from the company's website at www.3U.net under "Investor-Relations/Publications".

Further information:
Dr Joachim Fleïng
Investor Relations
3U HOLDING AG
Tel.: [phone]
Fax: [phone]
E-mail: [e-mail]

About 3U:
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 Information and Telecommunications Technology (ITC), Renewable Energies (RE) and Sanitary, Heating and Air Conditioning Technology (SHAC). 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).

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emitter: 3U HOLDING AG
address: Frauenbergstraße 31-33, 35039 Marburg
country: Germany
contact person: Dr. Joachim Fleing
phone: [phone]
e-mail: [e-mail]
website: www.3u.net

ISIN(s): DE0005167902 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin, Tradegate

[ source: http://www.pressetext.com/news/20190325009 ]