Together, the don't spell anything.
But from left to right, we have an umlauted A, which just sounds like a weird A, then we have an umlauted O, which sounds like a weird OO, then we have an umlauted U, which sounds like OO, but different than the ö. Then we have the ß, or Eszett, which is just tow of the letter "S" put mashed up into one letter