weclapp SE continues accelerated growth
- Good start to 2020 - January strongest single month since market entry
- Business with existing and new customers at a high level
Frankfurt/M. and Marburg, February 6, 2020 - According to preliminary figures, weclapp SE, a subsidiary of 3U HOLDING AG (ISIN: DE0005167902), has achieved the sales expectation of EUR 4.5 million (2018: EUR 3.0 million) in the 2019 financial year as communicated on the capital market. Despite the growth-related increase in personnel, the company again generated an EBITDA margin of well over 20 %. At the beginning of the year, the provider of a multi-award-winning cloud-based ERP platform achieved a further increase in revenue compared with both January 2019 and the previous month. They thus reached their highest level since market entry.
Ertan Özdil, CEO of weclapp SE, is confident: "The promising start of the year shows: Our growth strategy continues to work! Excellent user experience, comprehensive functionalities for all business processes from one application at low cost - we are receiving increasingly good feedback from the growing number of customers and sales partners. And we are continuing on this course - our goal is market leadership".
Dr. Joachim Fleïng
3U HOLDING AG
Tel.: +49 6421 999-1200
Fax.: +49 6421 999-1222
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).
Dr. Joachim Fleing
Head of Investor Relations
3U HOLDING AG
Tel.: + 49 (0)6421 999-1200
Fax: + 49 (0)6421 999-1222
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