USU Software AG

euro adhoc: USU Software AG
Earnings Forecast
USU Software AG doubles net income to over EUR 2 million and expects an earnings upturn of over 100% for 2007

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Preliminary Results 07.03.2007 Möglingen, 7 March 2007 - According to provisional calculations, USU Software AG (ISIN DE000A0BVU28) increased Group revenues in the 2006 financial year by almost 25% against the previous year to EUR 25.9 million (PY: EUR 20.9 million). This positive trend results primarily from the successful product and solutions business in Germany and internationally. In the reporting period, the USU Group achieved an even strong increase in profitability with net income moving up to EUR 2.1 million (PY: EUR 1.0 million). For the 2007 financial year, from operating business and positive tax effects the Management Board expects net income of over EUR 4.5 million. In the 2006 financial year, a key share of earnings in the USU Group was generated by the group subsidiary USU AG. In connection with the profits generated by this subsidiary and the expected future positive taxable result, it is mandatory according to IFRS to recognize a deferred tax asset on the USU AG tax loss carry forwards of EUR 0.7 million. At the same time, this resulted in an expensed extraordinary goodwill amortisation at USU Software AG at the same level. After taxes there was no overall effect of this measure. In the financial year 2006, EBITDA increased by a good 130% to EUR 2.3 million (PY: EUR 1.0 million). EBIT adjusted for extraordinary goodwill amortisation improved significantly to EUR 1.7 million (PY: EUR 0.3 million). With net income doubling to EUR 2.1 million (PY: EUR 1.0 million), the earnings upturn for the 2006 financial year in the USU Group was considerably higher than forecast by the USU Software AG Management Board. Earnings per share increased from EUR 0.12 in 2005 to EUR 0.23 in the 2006 reporting year. For this reason, the Management Board, subject to the approval of the Supervisory Board, plans to propose the Annual General Meeting a dividend distribution of EUR 0.10 per entitled share. This means that USU Software AG shareholders are to participate directly in the company success for the first time. In the 2007 financial year, it is not only organic growth, but LeuTek, which was acquired in November 2006, which should contribute to considerable revenues and earnings growth. The Management Board plans to increase group revenues to between EUR 32 million and EUR 33 million in the 2007 financial year, and generate Group EBIT before extraordinary goodwill amortisation considerably in excess of EUR 3 million. On July 12, 2007 the USU Software AG Annual General Meeting is to be presented a profits transfer agreement with LeuTek GmbH for approval. From the necessary recognition of deferred tax assets including the related goodwill amortisation, a positive after tax impact of approximately EUR 1.5 million results for the 2007 financial year. On the basis of the above premises, the Management Board expects to generate net income of over EUR 4.5 million in financial year 2007. In the context of this year’s Annual Press Conference, USU Software AG is to publish the final figures for the 2006 financial year and details on the planning for the current financial year on March 27, 2007. end of announcement euro adhoc 07.03.2007 18:47:26 -------------------------------------------------------------------------------- ots Originaltext: USU Software AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Contact: USU Software AG USU Software AG Investor Relations Corporate Communications Falk Sorge Dr. Thomas Gerick Phone: +49 71 41 - 48 67 351 Phone: +49 71 41 - 48 67 440 Fax: +49 71 41 - 48 67 108 Fax: +49 71 41 - 48 67 909 E-Mail: f.sorge@usu-software.de E-Mail: t.gerick@usu-software.de Branche: Software ISIN: DE000A0BVU28 WKN: A0BVU2 Index: CDAX, Prime All Share Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing Frankfurter Wertpapierbörse / regulated dealing/prime standard Börse Berlin-Bremen / free trade Hamburger Wertpapierbörse / free trade Börse Düsseldorf / free trade Bayerische Börse / free trade

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