Public disclosure of inside information according to article 17 MAR
3U HOLDING AG: 3U HOLDING AG sells stake in weclapp SE and realises increase in value
Marburg (pta004/03.09.2022/19:30 UTC+2)
- Sale of shares to a subsidiary of Exact Group B.V., Delft, the Netherlands, agreed
- The agreement is based on an assumed equity value of around EUR 227 million
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
email: ir@3u.net
Issuer
3U HOLDING AG
Frauenbergstr. 31-33
35039 Marburg
Germany
LEI: 529900VVQ4470YJ67K26
Commercial Register: District Court Marburg HRB 4680
ISIN DE0005167902
Trading venues:
XETRA
Tradegate
Frankfurt, Berlin, Hamburg/Hanover, Düsseldorf, Munich, Stuttgart
About 3U:
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).
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Emitter: |
3U HOLDING AG Frauenbergstraße 31-33 35039 Marburg Germany |
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Contact Person: | Dr. Joachim Fleing | |
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 |