EANS-Adhoc: USU Software AG announces provisional figures for second quarter of 2011 and raises outlook: Continuing positive sales and earnings trend
04.08.2011 – 16:55
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 6-month report 04.08.2011 Möglingen, August 4, 2011 - According to provisional calculations, USU Software AG (ISIN DE000A0BVU28) has continued the positive growth trend of previous quarters and generated Group-wide sales growth of 33% to EUR 10.2 million (Q2/2010: EUR 7.7 million) in the second quarter of 2011. In addition to organic business, the majority acquisition of Aspera GmbH in the previous year made a key contribution to this sales increase. As advised, the provisional calculations of USU Software AG show that it generated a strong rise in earnings in the Group as a whole. Thus, USU increased its EBITDA by 713% from EUR 0.2 million in the second quarter of 2010 to EUR 1.3 million in the quarter under review. Accordingly, the EBITDA margin amounted to 12% (Q2/2010: 2%). EBIT also expanded significantly to EUR 0.8 million (Q2/2010: EUR -0.1 million). Overall, the USU Group improved its net profit for the quarter to EUR 0.4 million after incurring a loss of EUR 0.02 million in the same quarter of the previous year. USU´s earnings per share rose to EUR 0.04 (Q2/2010: EUR 0.00). For the first half of the year, USU Software AG posted a rise in Group-wide sales of 37% to EUR 20.8 million (Q1-Q2/2010: EUR 15.2 million) according to its provisional figures. USU´s EBITDA increased eight-fold in the same period to EUR 2.5 million (Q1-Q2/2010: EUR 0.3 million), with the result that its EBITDA margin climbed from 2% in the first half of 2010 to 12% in the first six months of 2011. Its EBIT also rose significantly to EUR 1.5 million (Q2/2010: EUR -0.3 million). According to the latest projection, the net profit for the first six months of fiscal 2011 amounted to EUR 0.8 million (Q1-Q2/2010: EUR -0.1 million), resulting in earnings per share of EUR 0.08 (Q1-Q2/2010: EUR -0.01). Given the extremely positive business development in the first half of 2011, the Management Board of USU Software AG is raising its original planning for the current year - of sales growth for the USU Group of more than 10% (or to more than EUR 41.8 million) and a strong hike in EBITDA as against sales (or to more than EUR 5.1 million) and further growth in the EBITDA margin of 12% compared to 2010. The Management Board is now forecast sales for the Group as a whole of more than EUR 43 million and EBITDA of at least EUR 6 million, corresponding to an EBITDA margin of 14%. This planning target alone would mean significant business growth and the highest sales and earnings figures in the history of USU Software AG. The sales and earnings potential beyond this is particularly dependent on the key fourth quarter of 2011, which in the past has traditionally been the strongest quarter in the fiscal year. If the uncertain financial factors on the USU Group´s core European market and the global economic environment stabilize in the coming months, the Management Board is anticipating strong ongoing investment propensity among companies, particularly in the financial services sector, and further growth effects from this. Under these premises, the Management Board is also forecasting a positive business performance for 2012 and is thus confirming its planning for 2012 of sales growth of more than 10% and a strong rise in EBITDA relative to sales. end of ad-hoc-announcement ================================================================================ The Management Board will publish the final figures for the second quarter and the first half of 2011 and the full half-year report 2011 on August 18, 2011. 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 -------------------------------------------------------------------------------- issuer: 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Düsseldorf, Hannover, München, regulated dealing: Stuttgart language: English
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