3U HOLDING AG adjusts guidance for 2024

3U adjusts guidance for 2024
The 3U Group is adjusting its targets for Group sales and profitability. Sales have increased in the current nine-month period compared to the previous year. Nevertheless, the development in the Renewable Energies and SHAC segment necessitates an adjustment. Meteorological conditions, restrictions in the availability of wind turbines and the development of monthly market values for onshore wind energy are having a noticeable impact on the results of the Renewable Energies segment. Similarly, the current subdued demand in the SHAC sector is not meeting expectations.

The target figures for 2024 are expected to be below the originally communicated ranges. Group sales are expected to amount to at least EUR 55.0 million (previously: EUR 58.0 million to EUR 62.0 million). In terms of profitability, the Management Board expects an EBITDA margin in the range of 4 % to 5 % (previously: 7 % to 8 %).

3U will publish the figures for the first nine months of 2024 as planned on 12 November.

Contact:
Thomas Fritsche
Leitung Unternehmenskommunikation & Investor Relations

3U HOLDING AG
Frauenbergstraße 31-33
D-35039 Marburg
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
Email: IR@3U.net
www.3u.net