3U HOLDING Continues Strong Uptrend in Q1 2024, Meeting Expectations

• 3U Group reported a 3.4% increase in consolidated revenue in Q1 2024, rising to EUR 13.7 million compared to EUR 13.3 million in Q1 2023.
• The ITC (Information and Telecommunications Technology) and SHAC (Sanitary, Heating and Air Conditioning Technology) segments were key contributors to the positive development.
• The ITC segment saw a revenue increase of over 50%, making it the strongest growth driver.
• The Renewable Energies segment underperformed due to lower selling prices and outages in the wind farms.
• The Group's EBITDA for the reporting period was EUR 0.7 million, down from EUR 1.9 million in the first three months of 2023.
• The company expects overall revenue for 2024 to be between EUR 58 million and EUR 62 million, representing a year-on-year increase of around 10% to 18%.

The price of 3U HOLDING at the time of the news was 2,0625EUR and did not change compared to the previous day.

3U HOLDING

-0,07 %

-2,17 %

-2,17 %

+6,01 %

-28,61 %

-39,48 %

+64,17 %

+249,57 %

-66,21 %

ISIN:DE0005167902WKN:516790

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