While Germany’s 3U HOLDING (3U) reported declines in H121 top-line revenue, both its information and telecom technology segment (ITC) and sanitary, heating and climate segment (SHAC) showed organic growth. The growing cloud computing and e-commerce industries should boost 3U’s prospects, although shortages continue to hamper its SHAC business. To justify multiple expansion, 3U needs to return to growth in its higher-margin renewable energy areas and improve margins in its SHAC segment.
27 Oct 2021
3U Holding - Organic growth in key segments
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3U Holding - Organic growth in key segments
3U HOLDING AG (UUU:ETR) | 0 0 0.0% | Mkt Cap: 34.2m
- Published:
27 Oct 2021 -
Author:
Anne Margaret Crow -
Pages:
2
While Germany’s 3U HOLDING (3U) reported declines in H121 top-line revenue, both its information and telecom technology segment (ITC) and sanitary, heating and climate segment (SHAC) showed organic growth. The growing cloud computing and e-commerce industries should boost 3U’s prospects, although shortages continue to hamper its SHAC business. To justify multiple expansion, 3U needs to return to growth in its higher-margin renewable energy areas and improve margins in its SHAC segment.