3U HOLDING AG: 3U adjusts forecast for 2023.

Marburg (pta007/01.11.2023/22:40 UTC+1)

The annual targets are no longer achievable due to the more difficult economic conditions and the associated industry-wide decline in e-commerce and in the construction sector. This decline is largely attributable to the rise in interest rates and the political uncertainties and delays surrounding the Building Energy Act.

Accordingly, the continuing weak overall economic development, especially in the second and third quarter of 2023, leads the Management Board of 3U HOLDING AG to concretize its forecast for the current financial year. For 2023, the target figures are thus expected to be slightly below the originally communicated ranges. Accordingly, consolidated revenues are expected to be around EUR 52.0 to 56.0 million (previously: EUR 55.0 to 60.0 million). In terms of EBITDA, the Management Board expects earnings before interest, taxes, depreciation and amortization of around EUR 4.5 to 6.0 million (previously: EUR 6.0 to 8.0 million). The expectations for net income are in a range of EUR 1.5 to 2.5 million (previously: EUR 2.5 to 3.5 million).

3U will publish the figures for the first nine months of 2023 as scheduled on November 8.

Notifying person
Thomas Fritsche
Head of Investor Relations
Tel.: +49 (0)6421 999-1200
email: ir@3u.net

Issuer
3U HOLDING AG
Frauenbergstr. 31-33
35039 Marburg
Germany
LEI: 529900VVQ4470YJ67K26

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Emitter:	3U HOLDING AG Frauenbergstraße 31-33 35039 Marburg Germany
Contact Person:	Thomas Fritsche
Phone:	+49 6421 999-1200
E-Mail:	ir@3u.net
Website:	www.3u.net
ISIN(s):	DE0005167902 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate