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USU Software AG

euro adhoc: USU Software AG
Financial Figures/Balance Sheet
USU announces preliminary figures for 2008: USU outperforms previous year's Q4 sales and EBITDA
Year as a whole in line with adjusted forecasts
Management Board proposes dividend of ...

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report/Preliminary figures for 2008
24.02.2009
Möglingen, February 24, 2009 - According to preliminary calculations,
USU Software AG (ISIN DE000A0BVU28) and its subsidiaries increased 
its Group-wide sales (IFRS) by 35% year-on-year to EUR 10.2 million 
(Q4/2007: EUR 7.5 million) in the fourth quarter of 2008. In 
particular, this growth resulted from a significant rise in license 
business. In the final quarter of 2008, USU more than doubled its 
EBITDA to EUR 1.4 million (Q4/2007: EUR 0.6 million). The Company 
also saw strong growth in EBIT to EUR 0.9 million (Q4/2007: EUR 0.1 
million). At EUR 0.9 million (Q4/2007: EUR 1.0 million), the net 
profit for the quarter was down slightly on the previous year, which 
was due to positive income from taxes in the same quarter of the 
previous year of EUR 0.7 million, while tax expenses of EUR 0.1 
million were incurred in Q4/2008.
According to the preliminary figures, the USU Group generated 
consolidated sales of EUR 34.0 million in 2008 as a whole (2007: EUR 
31.0 million). This represents a year-on-year sales increase of 
almost 10%. Very strong growth was recorded in license business, 
which - in addition to USU AG - was also contributed toward by the 
Group's subsidiaries LeuTek GmbH and OMEGA Software GmbH. In the 
reporting period, EBITDA in the USU Group was down on the comparative
figure for the previous year at EUR 2.3 million (2007: EUR 3.5 
million). The main factors behind this were strategic investments in 
new products of the USU Group, additional investments for a major 
fixed-price project in the second and third quarters of the year 
under review which could not be invoiced and additional tax payments 
that the Company is contesting from an audit concluded in 2008. EBIT 
in fiscal 2008 amounted to EUR 1.0 million (2007: EUR 1.9 million). 
In the reporting year, income taxes amounted to EUR  0.2 million 
after tax income of EUR 2.2 million in the previous year due 
primarily to the capitalization of tax loss carryforwards, which had 
a significant effect on earnings after taxes. After taxes, USU 
generated net income for fiscal 2008 of EUR 1.3 million (2007: EUR 
4.5 million), corresponding to earnings per share of EUR 0.13 (2007: 
EUR 0.44).
To ensure continuity in its dividend policy, the Management Board of 
USU Software AG is planning, subject to the approval of the 
Supervisory Board, to propose a dividend per entitled share, as in 
the previous year, of EUR 0.15 (2007: EUR 0.15) to the ordinary 
Annual General Meeting of the Company on June 25, 2009, and thereby 
to allow the shareholders of USU Software AG to share in the 
Company's success as previously announced.
With consolidated liquidity of EUR 9.5 million as of the end of 
fiscal 2008 (December 31, 2007: EUR 9.9 million) and no liabilities 
to banks, USU Software AG has a solid financing position to pursue 
targeted investments even in times of economic difficulty and, if 
potential acquisition options arise, to acquire equity holdings or 
even other companies.
Under the premise of economic developments stabilizing over time, as 
in 2008, the Management Board of USU Software AG is forecasting 
above-average sales growth for the relevant market segments in the 
current fiscal year. EBITDA is expected to rise significantly. In the
event of these expectations and forecasts coming to fruition, the 
Management Board is planning to continue its pro-shareholder dividend
policy of recent years.
The Management Board of USU Software AG will publish the final 
audited financial figures for fiscal 2008 on March 24, 2009.
end of announcement                               euro adhoc

Further inquiry note:

USU Software AG
Investor Relations
Falk Sorge
Phone: +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
Phone: +49 (0) 71 41 - 48 67 440
Fax: +49 (0) 71 41 - 48 67 909
E-Mail: t.gerick@usu-software.de

Branche: Software
ISIN: DE000A0BVU28
WKN: A0BVU2
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Börse Stuttgart / regulated dealing

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