USU Software AG — Earnings Release 2014

Feb 23, 2015

News Details

Corporate | 23 February 2015 09:00

USU Software AG announces preliminary figures for 2014 and guidance for 2015

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

2015-02-23 / 09:00

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USU sets new records for profit and sales - Adjusted EBIT 43% higher than
the previous year at EUR 7.3 million, consolidated sales up 6% to EUR 58.9
million - Guidance for 2015 envisages significant growth in sales and
earnings

USU Software AG (ISIN DE000A0BVU28) set a new record for sales and earnings
in 2014 according to its unaudited provisional figures. Consolidated sales
totaled EUR 58.9 million, with an organic increase of 6% (2013: EUR 55.7
million). This increase chiefly resulted from high-margin international
business, which grew 78% to EUR 15.6 million (2013: EUR 8.7 million) in the
reporting year. In line with this, the share of total sales generated
outside Germany rose from 16% in the previous year to 26%. USU increased
earnings before interest and taxes adjusted for the extraordinary effects
of acquisitions (adjusted EBIT) by 43% to EUR 7.3 million on the basis of
preliminary calculations (2013: EUR 5.1 million). In addition to the
adjustment of acquisition-related amortization of intangible assets of EUR
1.3 million (2013: EUR 1.4 million), these extraordinary effects included
income from the reversal of a purchase-price provision of EUR 1.0 million
(2013: EUR 0) in connection with the full acquisition of B.I.G. Social
Media GmbH. On an unadjusted basis, USU doubled earnings before interest
and taxes (EBIT) from EUR 3.4 million in the previous year to EUR 6.7
million in 2014. In the same period, earnings before interest, taxes,
amortization and depreciation (EBITDA) rose by 62% to EUR 8.9 million
(2013: EUR 5.5 million).

As a result of the increase in profits, the USU Group's liquidity increased
further to EUR 18.9 million as of December 31, 2014 (2013: EUR 14.2
million). This liquidity is to be used primarily for future organic growth
and further company acquisitions. At the same time, the Management Board
plans to allow USU shareholders to participate in the positive overall
business performance in 2014 in accordance with the company's dividend
strategy. The Management Board will publish the final proposal for the
appropriation of net profit for 2014 alongside the unveiling of the final
audited figures for 2014 on March 26, 2015.

For the current fiscal year, the Management Board is optimistic that the
Group as a whole will again generate significant growth in sales and
earnings. Guidance for 2015 envisages consolidated sales in the region of
EUR 64 million to EUR 68 million with adjusted EBIT of EUR 8 million to EUR
9.5 million. With international business flourishing, potential on the core
German market remaining high and the growth-oriented acquisition policy of
the USU Group, the Management Board also expects the successful
implementation of its medium-term planning of sales of more than EUR 100
million with an adjusted EBIT margin in excess of 15% by 2017.

USU Software AG
The USU Group is the largest provider in Europe for IT and knowledge
management software. Market leaders from all sectors of the international
economy use USU applications to create transparency, enhance agility, save
costs and reduce their risks. In addition to USU AG, founded in 1977, USU
Software AG - which is listed in the Prime Standard of the German Stock
Exchange and in the GEX (ISIN DE000A0BVU28) - also includes the
subsidiaries Aspera GmbH, Aspera Technologies Inc., LeuTek GmbH, OMEGA
Software GmbH, USU Consulting GmbH and B.I.G. Social Media GmbH.

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

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2015-02-23 Dissemination of a Corporate News, transmitted by DGAP - a
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

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