3U HOLDING AG

Latest Results (08.11.2025):

In Q1 2025, 3U HOLDING AG delivered solid revenue growth of 6.4% compared to Q1 2024, posting consolidated revenues of EUR 14.6 million. The group benefited from strong performance in its HVAC segment, including the acquisition of EMPUR, while strategic initiatives across segments reaffirm management’s positive outlook for the full financial year 2025 despite profitability challenges from higher expenses.

Revenue Momentum

3U HOLDING AG’s consolidated revenue increased from EUR 13.7 million in Q1 2024 to EUR 14.6 million in Q1 2025, driven notably by a 25.7% revenue growth in the HVAC segment and solid organic growth. The report highlights strong momentum with a focus on strategic acquisitions and robust segment performance, particularly within HVAC and Renewable Energies.

Segment Performance Overview

The HVAC segment led the growth, recording a revenue increase from EUR 7.98 million to EUR 10.03 million, enhanced by the EMPUR acquisition, while the ITC segment experienced a decline with revenues falling by 23.4%. The Renewable Energies segment maintained nearly stable performance with marginal revenue changes, and EBITDA margins varied across segments – with ITC and Renewable Energies delivering positive margins, in contrast to the challenges seen in HVAC.

Profitability and Outlook

Despite revenue gains, overall profitability was impacted: consolidated EBITDA dropped to EUR –0.17 million with an EBITDA margin of –1.2%, and net earnings declined to EUR –1.32 million. Increased personnel and operating expenses were primary factors in the reduced profitability. However, the Management Board affirms its guidance for 2025, expecting further earnings growth driven by ongoing strategic and operational measures.