3U Holding - Organic growth in key segments
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.3U Holdings is a holding company. Through its subsidiaries, Co. is engaged in the provision of telecommunication services as well as activities in the field of renewable energies and services. Co.'s segments include: telephony, which consists of the products call-by-call, preselection, other services and termination services in the wholesale sector; services, which consists of information technology services, systems development, marketing and consulting; and renewable energies, which consists of the development, production, trading and operation of components from the renewable energies area as well as heating and cooling technology.
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