USU Software AG - Regulatory Filings 2018

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Ad-hoc | 18 December 2018 14:33

USU-Software AG: Guidance adjusted in response to project delays

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

USU-Software AG: Guidance adjusted in response to project delays

18-Dec-2018 / 14:33 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.

A number of major projects expected for the fourth quarter of 2018 – primarily in the United States – will most likely not be completed during the current quarter of 2018. In spite of the advanced stage of contract negotiations, the Management Board expects that the final contract awards will not be made until 2019. The Management Board has modified its planning for 2018 to reflect this development because the projects have a total license volume of EUR2 million to EUR3 million. The board now projects Group-wide sales of EUR89 million to EUR91 million. Adjusted EBIT is expected to total EUR4 million to EUR5 million.

“We have added a number of well-known customers in recent years in the United States,” said Bernhard Oberschmidt, the CEO of USU Software AG. “We are also in the process of conducting positive negotiations with new potential customers. But the formal decision-making process is taking longer than expected.”

Given the advanced nature of the negotiations, the Management Board expects that contracts for a majority of the projects will be awarded in 2019. At the same time, growth in the IT Service Management segment was significantly expanded. As a result, the target figures for 2019 include an increase in total sales to EUR98 million to EUR101 million and a rise in adjusted EBIT to EUR7.5 million to EUR10 million.

This company announcement is also available for download at https://www.usu.de .

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]

18-Dec-2018 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