3U Holding - weclapp to the fore
In 3U HOLDING’s diverse portfolio, it is the prospects for its cloud-based ERP software platform, weclapp, that investors should focus on. weclapp sales grew 52% y-o-y in H1 and contributed to a near doubling of information and telecommunication technology profits. weclapp is on track to sustain this growth in FY20/FY21 and for an IPO that could crystalise substantial value for shareholders. Favourable trends in 3U HOLDING’s other businesses (renewables, telecoms and sanitary, heating and air conditioning) resulted in a resilient performance in H1 despite COVID-19.3U 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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