USU Software AG

euro adhoc: USU Software AG
Ad hoc release from USU Software AG (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

The Management Board of USU Software AG is announcing an unscheduled goodwill impairment of EUR 5.0 million (PY: EUR 15.2 million) for the 2003 financial year, as required in accordance with US-GAAP. On completion of the restructuring phase in summer 2003, the impairment test led to this unscheduled writedown. This writedown does not impact liquidity.

The expectations for earnings before interest, taxes, depreciation and amortization (EBITDA) for the 2003 and 2004 financial year remain unchanged, however. To this extent, a net profit for the 2004 financial year is expected.

USU Software AG will announce its final financial results for the 2003 financial year and the initial trends for the start of the 2004 financial year in its annual press conference on March 25, 2004.

Contact: USU Software AG, Investor Relations, Falk Sorge, Phone: (+49 7141) 4867-351, Fax: (+49 7141) 4867-108, E-Mail:

end of announcement            euro adhoc 10.03.2004

Further inquiry note: Falk Sorge Tel.: +49 (0)7141 4867 351 E-Mail:

Branche: Software
ISIN:      DE0007804700
WKN:        780470
Index:    CDAX, Prime Standard
Börsen:  Baden-Württembergische Wertpapierbörse / regulated dealing
              Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Börse Düsseldorf / free trade

Weitere Meldungen: USU Software AG

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