USU Software AG — Earnings Release 2013

Feb 26, 2014

News Details

Corporate | 26 February 2014 11:50

USU Software AG announces preliminary figures for 2013 and guidance for 2014 – Adjusted EBIT of EUR 5.1 million based on preliminary calculations; EBIT set to rise to EUR 8 – 8.5 million in 2014

DGAP-News: USU Software AG / Key word(s): Preliminary Results/Results
Forecast

26.02.2014 / 11:50

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Moeglingen, February 26, 2014 - USU Software AG (ISIN DE000A0BVU28) today
published its unaudited preliminary figures for 2013. In the past financial
year, USU increased its consolidated sales (IFRS) by 9% year-on-year to EUR
55.7 million (2012: EUR 51.2 million). This was due in particular to strong
software license sales with new customers in the second half of 2013. USU's
license revenue exceeded EUR 10 million for the first time in the year
under review. This figure contains the sales generated from the existing
portfolio and the new Group subsidiary BIG Social Media GmbH as well as the
first sales revenue from the new products developed as part of the growth
offensive. In 2013, the USU Group made substantial investments in expanding
its product range and workforce with a view to implementing its medium-term
strategy. Taken together with the up-front investments in the partnership
with the US software group CA Technologies and the muted overall
development of the consulting-based Service Business segment, this meant
that operating earnings were lower than in the previous year. As
anticipated, earnings before interest and taxes adjusted for extraordinary
effects due to acquisitions (adjusted EBIT) amounted to EUR 5.1 million on
the basis of preliminary calculations (2012: EUR 7.1 million). Unadjusted
earnings before interest and taxes (EBIT) totaled EUR 3.4 million (2012:
EUR 3.5 million). Earnings before interest, taxes, depreciation and
amortization (EBITDA) increased to EUR 5.5 million (2012: EUR 5.3 million).

Following the investments made in 2013, the Management Board of USU
Software AG believes that the Group as a whole is well positioned to
successfully achieve its medium-term targets of consolidated sales in
excess of EUR 100 million and a margin of more than 15% based on adjusted
EBIT by 2017. The Management Board expects sales to increase to EUR 63 - 65
million in the 2014 financial year, corresponding to organic sales growth
of more than 13%. Adjusted EBIT is forecast to rise by more than 50% to EUR
8 - 8.5 million in the same period.

The Management Board will publish the final audited figures and the
proposal for the appropriation of net profit for 2013 on March 27, 2014.

Contact:
USU Software AG
Corporate Communications
Dr. Thomas Gerick
Tel.: +49 (0) 71 41 - 48 67 440
Fax: +49 (0) 71 41 - 48 67 909
E-Mail: t.gerick@usu-software.de

USU Software AG
Investor Relations
Falk Sorge
Spitalhof
D-71696 Möglingen
Tel.: +49 (0) 71 41 - 48 67 351
Fax: +49 (0) 71 41 - 48 67 108
E-Mail: f.sorge@usu-software.de

End of Corporate News

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Language: English
Company: USU Software AG
Spitalhof
71696 Möglingen
Germany
Phone: +49 (0)7141 4867-0
Fax: +49 (0)7141 4867-200
E-mail: info@usu-software.de
Internet: www.usu-software.de
ISIN: DE000A0BVU28
WKN: A0BVU2
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

End of News DGAP News-Service

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