Marburg (pta/03.09.2022/19:30) -
Marburg, September 3, 2022 - 3U HOLDING AG (ISIN: DE0005167902) has today signed an agreement with a subsidiary of Exact Group B.V., Delft, the Netherlands, on the sale of all shares it holds in weclapp SE. The sale implies an equity value of around EUR 227 million for all shares. 3U HOLDING AG holds around 71 % of the shares. The transaction is not subject to any closing conditions and is expected to be completed in September 2022. Ertan Özdil remains CEO of weclapp SE; companies, brands and products of weclapp will be continued.
3U HOLDING AG realises a significant increase in value through the separation from weclapp SE. The Management Board of 3U HOLDING AG expects that the sales forecast for the 2022 financial year will be achieved, as the weclapp SE subgroup will not be deconsolidated but after the closing of the transaction. On the other hand, the income from the transaction will reach the lower three-digit million-euro range for EBITDA and consolidated earnings, so that the earnings forecasts will be exceeded to a considerable extent.
The Management Board and Supervisory Board are considering allowing the shareholders to participate in the success of the transaction by distributing an appropriate dividend for the 2022 financial year.
Information published by:
Dr. Joachim Fleïng
Head of Investor Relations
Tel.: +49 (0)6421 999-1200
Fax: +49 (0)6421 999-1222
3U HOLDING AG
Commercial Register: District Court Marburg HRB 4680
Frankfurt, Berlin, Hamburg/Hanover, Düsseldorf, Munich, Stuttgart
3U HOLDING AG (www.3U.net) 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).
3U HOLDING AG
|Contact Person:||Dr. Joachim Fleing|
|Phone:||+49 6421 999-1200|
|Stock Exchange(s):||Regulated Market in Frankfurt, Free Market in Berlin, Free Market in Dusseldorf, Free Market in Hamburg, Free Market in Munich, Free Market in Stuttgart, Open Market in Tradegate|