First quarter of 2021 at 3U: organic growth and increase in earnings in core businesses lines
(PresseBox) - In the first quarter of 2021, the consolidated revenue of 3U HOLDING AG (ISIN DE0005167902) declined slightly compared with the first three months of 2020, in line with planning. Consolidated revenue came in at EUR 14.10 million, down 11.8
The EBITDA margin at Group level was raised significantly, with support initially stemming from other operating income of EUR 2.27 million (Q1 2020: EUR
Significant changes in the headcount are attributable to ClimaLevel s employees leaving the Group and a countereffect emanating from hiring new staff in Cloud Computing. The Group?s personnel expenses of EUR 3.14 million therefore remained at the year-earlier level (Q1 2020 EUR
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 15.5
The proportion of the consolidated result attributable to shareholders of the parent company soared by 110.9% to EUR 1.82 million in the first quarter of the current financial year (Q1 2020: EUR
Segment results
The ITC segment achieved strong growth in revenue and profit. Segment revenue of EUR 5.46 million was generated in the first quarter of 2021, marking growth of 25.5egment. Its revenue increased by 51.9% to EUR 2.39 million in the first quarter of 2021 (Q1 2020: EUR
Following the exceptionally good first quarter of 2020 (segment revenue Q1 2020: EUR 3.49 million), revenue in the Renewable Energies segment was significantly lower at EUR
Following the derecognition of ClimaLevel Energiesysteme GmbH from the Group and also from the SHAC segment, effective 1 December 2020, segment revenue decreased by 10.7
Revenue from Other Activities/Reconciliation, in particular from management services, were reported at EUR 0.38 million in the first quarter of 2021 (Q1 2020: EUR
Growth in cash and cash equivalents and equity
Cash inflow from operating activities stood at EUR 1.51 million (Q1 2020: cash inflow of EUR
Total assets increased to EUR
As of 31 March 2021, the key financials had improved again. Scheduled repayments resulted in another decline in non-current and current financial liabilities to EUR
Forecast for 2021 reaffirmed
The Management Board reaffirms the forecast communicated in March for the financial year 2021 and anticipates consolidated revenue at the year-earlier level. Strong organic growth in the other parts of the company is unlikely to fully compensate for the absence of proceeds from the sale of the shares in ClimaLevel Energiesysteme GmbH and the L
?The purpose of our company is to add value. Achieving this end is realised through disposals. This strengthens the financials, but initially leads to a loss of revenue. We were and are naturally aware of this. Our strategic core businesses of Cloud Computing and e-commerce are developing in line with planning. A year down the line at the latest, consolidated revenue will reach new highs solely through organic growth,? emphasises Michael Schmidt, spokesman of 3U HOLDING AG?s Management Board. ?We will, however, use freed up cash to raise the value even further. Acquisitions will lend additional acceleration to growth in Cloud Computing, and ultimately the preparations for a successful launch on the stock exchange of our subsidiary weclapp SE will also make a significant contribution.?
Quarterly announcement
The quarterly announcement on the first quarter of the 2021 financial year will be published today, 12 May 2021. It can be downloaded from the company?s website (www.3U.net) under the ?Investor Relations/Reports? heading. The first questions and answers relating to the virtual Annual General Meeting on 20 May 2021 can be found under ?Investor Relations/Annual General Meeting?.
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 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. 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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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 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. 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).
Datum: 12.05.2021 - 01:00 Uhr
Sprache: Deutsch
News-ID 1567048
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