3U Holding

GSC analyst Jens Nielsen reports that 3U Holding posted a revenue decline in H1 2026 but achieved an operational turnaround with an EBITDA of €2.1 million. One-off write-downs on Bitcoin as well as higher depreciation and interest expenses from the repowering at the wind farm significantly weighed on results below the EBITDA line. The management board and the analyst adjusted the annual forecast; the shutdown of three SHK subsidiaries is expected to sharply reduce the loss-making SHK revenues and the cost burden from 2027. GSC lowers the price target to €1.44 (previously €2.00) and confirms the "buy" rating. » More on finanzen.net

GSC analyst Jens Nielsen lowers the price target for 3U Holding but maintains a positive rating after the guidance adjusted in November was not fully met due to a persistently weak SHK market. Management and the analyst expect improved results in 2026 driven by the high-margin ITK segment, the rollout of a group-wide AI platform, expanded generation capacity following the repowering of the Langendorf wind farm, and restructuring measures. These factors are expected to sustainably strengthen cash flow and profitability. » More on finanzen.net

3U Holding revises its annual targets due to significant declines in demand in the SHK segment and is expanding restructuring measures. GSC Research lowers the fair value to €2.00 (previously €2.40) but confirms the “buy” rating because of the diversified business model and solid balance sheet. As of 30 September 2025, 3U reports an equity ratio of 56.4% and cash liquidity of €19.9 million and holds 363.2 Bitcoin (book value €27.1 million, current valuation around €29.5 million). Market capitalization is about €47.9 million; reported equity excluding minorities amounts to €81.4 million (€2.42 per share). » More on finanzen.net