EQS-News

3U HOLDING AG brings the financial year 2023 to a successful close - Seite 3

The unaudited preliminary earnings after taxes from continuing operations amounts to EUR 2.6 million for the 3U Group in 2023 (previous year: EUR 3.2 million), and is therefore gratifyingly at the upper end of the forecast corridor last adjusted in November 2023. This corresponds to earnings per share of EUR 0.07 (previous year: EUR 0.09). On this basis, the Management Board and the Supervisory Board proposed to distribute dividend of EUR 0.05 per share to the shareholders. Pending approval by the Annual General Meeting on 28 May 2024, this corresponds to a payout ratio of more than 70%.

Confidence for significant revenue growth in 2024

Despite generally subdued macroeconomic expectations for the individual segments, the Management Board estimates organic revenue growth in the financial year 2024 in a range of approximately 9% to 16% to between EUR 58.0 million and EUR 62.0 million

Along with a sustained positive development in the ITC segment’s business, a broader product range, flanked by stepping up sales and marketing measures in the SHAC e-commerce business, are measures aimed at contributing to the organic growth targeted. In addition, 3U will be promoting inorganic growth through successful company acquisitions to secure its plans to boost earnings in the coming years.

As far as the Renewable Energies segment is concerned, 3U is opting for extensive investments to expand its own power generating capacities. Owing to the necessary upfront investments in 3U’s future competitiveness, and in conjunction with repowering measures commencing at the Langendorf location, the EBITDA margin is anticipated in a range of approximately 7% to 8% in 2024.

“As part of our MISSION 2026 strategy programme, we have defined clear value potential within the Group and specified targets for each of the three segments. The year 2024 will mark a milestone on this journey. By making the necessary investments in the future, we will be ensuring – dependent on realising the necessary acquisitions – that the dynamic uptrend in our development anticipated for the financial years 2025 and 2026 will be realised,” CFO Christoph Hellrung states.