USU Software AG - Earnings Release 2019

News Details

Ad-hoc | 20 November 2019 22:38

USU Software AG: USU adjusts forecast

USU Software AG / Key word(s): Change in Forecast/Profit Warning

USU Software AG: USU adjusts forecast

20-Nov-2019 / 22:38 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

According to the latest projection for the current fiscal year, the USU Group expects earnings before interest and taxes adjusted for the effects of acquisitions (adjusted EBIT) within the corridor of EUR 5 to 8 million, with revenue of EUR 93 to 95 million.

The new forecast is primarily due to the significantly higher-than-anticipated share of SaaS contracts for new customers starting in the fourth quarter of 2019. This is in addition to the restrained development of the French market as well as gaps in utilization in the service segment.

With regard to medium-term planning, the Management Board now expects average organic sales growth of 10%. Based on the adjusted EBIT, the operating margin is thereby expected to increase to 13-15% over the next 4 years.

Contact:

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: [email protected]

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: [email protected]

20-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de


Language:	English
Company:	USU Software AG
	Spitalhof
	71696 Möglingen
	Germany
Phone:	+49 (0)7141 4867-0
Fax:	+49 (0)7141 4867-200
E-mail:	[email protected]
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, Tradegate Exchange
EQS News ID:	918231