EANS-News: USU Software AG reports provisional business figures for 2011: New records in consolidated sales (EUR 45.6 million) and EBITDA (EUR 6.7 million)
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet/Earnings Möglingen, March 6, 2012 - (euro adhoc) - USU Software AG (ISIN DE000A0BVU28) improved its IFRS consolidated sales by almost 20% year-on-year to EUR 45.6 million (2010: EUR 38.0 million) according to preliminary calculations. Thus, USU exceeded its advised sales target of more than EUR 43.0 million and at the same time generated the highest sales in the company´s history. The growth in the international business of the USU Group as a result of the extensive partner and sales activities in recent years is particularly encouraging. USU thus generated consolidated sales of EUR 5.4 million (2010: EUR 3.4 million) outside Germany in fiscal 2011, a year-on-year increase of 58%. The share of consolidated sales generated outside Germany therefore rose to nearly 12% in the reporting year after 9% in 2010. According to the provisional figures, USU Software AG increased its EBITDA for the Group as a whole by 45% to EUR 6.7 million (2010: EUR 4.6 million). This also both exceeds the company´s own forecast of at least EUR 6 million and marks a new earnings record for USU. Accordingly, the EBITDA margin expanded from 12% in 2010 to almost 15% in the year under review. USU´s EBIT rose by almost 80% as against the previous year to EUR 4.6 million (2010: EUR 2.6 million). USU Software AG also increased its EBT for the Group as a whole by around two thirds year-on-year to EUR 4.5 million (2010: EUR 2.7 million). After taxes, USU generated growth in net income for fiscal 2011 of 51% to EUR 3.5 million (2010: EUR 2.3 million), corresponding to earnings per share of EUR 0.34 (2010: EUR 0.23). As the USU Group´s IFRS consolidated earnings were influenced by various non-recurring effects hampering the comparability of USU´s earnings power across multiple fiscal years, the company also calculated its "adjusted consolidated earnings" for information purposes. This figure represents consolidated earnings after adjustment for amotization of intangible assets capitalized as a result of business combinations, results from the capitalization of tax loss carryforwards, the associated goodwill amortization and additional acquisition-related extraordinary effects including the associated tax effects. In the 2011 reporting period, adjusted consolidated earnings amounted to EUR 5.3 million (2010: EUR 3.9 million), corresponding to earnings per share of EUR 0.50 (2010: EUR 0.39). In future, the company will publish both its IFRS earnings figures and its non-IFRS, adjusted performance indicators. As a result of the rise in earnings, the USU Group´s cash flow from operating activities surged from EUR 2.4 million in the previous year to EUR 9.4 million in fiscal 2011. Consequently, the USU Group´s liquidity in the form of cash, bank balances and securities rose to a total of EUR 17.6 million (2010: EUR 11.1 million). Equity increased to EUR 49.9 million as against the end of the previous year (2010: EUR 48.5 million) as a result of the net income for the year. Based on total assets of EUR 70.1 million (2010: EUR 66.9 million), the equity ratio was above 70% as of December 31, 2011, as in the previous year. The Management Board of USU Software AG is optimistic of continuing the positive sales and earnings trends of recent years in the current year of fiscal 2012 as well. One positive indicator of this is USU's consolidated order backlog, which amounted to EUR 21.5 million as at December 31, 2011 (2010: EUR 19.1 million). The Management Board will publish the final, audited figures for 2011, the proposal for the appropriation of earnings for 2011 and details of planning for 2012 on March 29, 2012. This company release can be accessed at http://www.usu-software.de. USU Software AG The USU Group is Europe´s largest provider of IT Management and Knowledge Management software. Market leaders from every sector of the international economy create transparency with USU applications, while also increasing flexibility, decreasing risks and cutting costs. In addition to USU AG (founded in 1977), the subsidiaries Aspera GmbH, LeuTek GmbH, OMEGA Software GmbH and USU Consulting GmbH belong to USU Software AG (ISIN DE000A0BVU28), which is listed in the Prime Segment of the German Stock Exchange in Frankfurt and on the German Entrepreneurial Index (GEX). With its Valuemation® product line, USU offers a top-quality portfolio for knowledge-based service management, the merits of which have been recognized by leading market analysts around the world - all from one single, reliable source. What's more, this modular suite also fully supports the industry standard ITIL®. The USU Group's products in this sector are complemented and enhanced with the SmartTrack license management solution from Aspera GmbH, the ZIS product family for systems management from LeuTek GmbH as well as the myCMDB software from OMEGA Software GmbH. USU Consulting offers top-notch strategy consulting for IT service management. With KnowledgeCenter technology, customers can activate and leverage all the knowledge resources within their organizations. This system application bundles all the various communications and information channels on one central platform. With the support of intelligent knowledge bases from USU, call and service centers provide accurate, individualized answers to over 25 million inquiries per year. By developing and maintaining complex, customer-specific applications, USU experts can combine user-requested features, sector-specific knowledge and technological expertise to create individual, customized solutions. Achieving process and system integration and implementing knowledge portals and employee portals are some of USU´s other well-established and proven core competencies. Further inquiry note: 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 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 end of announcement euro adhoc -------------------------------------------------------------------------------- company: USU Software AG Spitalhof D-71696 Möglingen phone: +49 (0)7141 4867 0 FAX: +49 (0)7141 4867 20 mail: investor@usu-software.de WWW: http://www.usu-software.de sector: Software ISIN: DE000A0BVU28 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, regulated dealing: Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original content of: USU Software AG, transmitted by news aktuell