3U Group Demonstrates Steady Growth Amidst Challenges in 2024

3U HOLDING AG has sustained its growth trajectory, reporting an 11.6% increase in revenue for the first nine months of 2024, reaching EUR 42.1 million. The ITC segment exhibited robust performance, with revenue soaring by almost 40% compared to last year, compensating for setbacks in other areas. The SHAC segment also displayed growth, albeit not fully meeting expectations. In contrast, the Renewable Energies segment faced hurdles due to unfavorable weather and pricing conditions, leading to a significant revenue drop.

Despite challenges, the group's EBITDA slightly increased by 2.0% to EUR 3.5 million, indicating operational resilience. Management adjusted its revenue forecast for 2024 to at least EUR 55 million and revised EBITDA margin expectations to 4-5%. The financial stability is bolstered by sound asset management, underscored by strategic investments and a positive equity ratio.