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3U Reports Preliminary Results of its 2022 Financial Year: Marked Revenue and Extraordinary Earnings Growth

According to preliminary, unaudited figures, 3U HOLDING AG (ISIN DE0005167902) achieved consolidated sales of EUR 63 million in the 2022 financial year. These sales include sales of the weclapp SE subgroup, which was sold at the end of the third quarter, amounting to around EUR 12.5 million. Without the revenue contributions of the weclapp companies, the 2022 consolidated revenue would have grown organically by around 13 percent compared to the 2021 financial year. All three segments contributed to this organic revenue growth. The main growth driver was 3U Online Trade in the SHK segment, which was able to increase sales revenues by around 15 percent according to preliminary figures. Electricity generation in the segment Renewable Energies also achieved a clear double-digit growth in sales thanks to improved marketing conditions. The provision of EUR 0.5 million made in the third quarter as a precautionary measure in view of a possible state levy on excess profits was largely reversed in the fourth quarter, as we no longer expect a claim in this amount. The Telecommunications business unit in the ICT segment reported a slight increase in revenue for the first time again in the 2022 financial year. The sales forecast, which was adjusted in November, was fully achieved. The revised forecast was also met on the earnings side.

All three segments generated positive operating income according to the preliminary, unaudited figures. The sale of the shares in weclapp SE and InnoHubs GmbH led to high extraordinary cash inflows and earnings on the part of the parent company. As already reported with the results of the third quarter, these high other earnings were offset by high one-off expenses, which are reflected in particular in both personnel expenses and other expenses. This resulted in an EBITDA (earnings before interest, taxes, depreciation and amortisation) of EUR 166 million for the Group. Without these one-off effects, the adjusted operating EBITDA would have been around EUR 10 million. The net result amounts to EUR 159 million. 3U HOLDING AG has therefore also achieved its strategic goal of increasing value for stakeholders in the 2022 financial year.

Against this background, the Management Board expects the Group to continue its course of sustainable profitable organic growth, which has been consolidated for years, for the 2023 financial year. A detailed forecast will be announced after the final internal alignment of the annual and perspective planning, at the latest with the publication of the annual and consolidated financial statements at the end of March 2023.

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. For the purpose of increasing value for its shareholders, employees, customers, suppliers and all stakeholders, it acquires, operates and sells companies in the three segments ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology).The 3U Group has successful and profitable business models based on megatrends in all three segments and is striving to achieve leading positions in the market, in particular with its e-commerce business area.

3U HOLDING AG�s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

Posted by on 20. January 2023. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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