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USU Software AG

EANS-News: USU Software AG
USU increases sales and earnings in first half of 2009

Möglingen (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
6-month report
USU increases sales and earnings in first
half of 2009
•       Sales growth in line with planning
•       Significant increase in earnings power
•       Strong Group liquidity and extremely solid financing
•       Management Board reaffirms outlook and shareholder-friendly
        dividend policy
Möglingen (Germany), August 20, 2009 -  USU Software AG (ISIN 
DE000A0VU28) enjoyed an extremely successful business performance in 
the first six months of fiscal 2009. Consolidated sales rose by 6.4% 
to EUR 16,680 thousand (H1 2008: EUR 15,674 thousand) and net profit 
for the period ballooned by 53.1% to EUR 395 thousand (H1 2008: EUR 
258 thousand). The Company also improved its EBITDA by 6.3% to EUR 
812 thousand (H1 2008: EUR 764 thousand) while EBIT soared by 56.3% 
to EUR 272 thousand (H1 2008: EUR 174 thousand). Assuming that 
economic developments continue to stabilize, the Management Board is 
anticipating further improvements in sales and earnings in the 
traditionally stronger second half of the year. As forecast, the USU 
Group is expected to generate sales growth in excess of the average 
for its relevant market segments over the year as a whole. EBITDA 
should also rise significantly on the previous year.
Sales growth in line with planning - In spite of the current economic
and financial market crisis, USU Software AG saw a rise in 
consolidated sales of 6.4% in the first half of fiscal 2009 to EUR 
16,680 thousand (H1 2008: EUR 15,674 thousand). While consulting 
business picked up by 12.4% to EUR 10,747 thousand (H1 2008: EUR 
9,561 thousand) and maintenance business rose by 8.3% to EUR 3,480 
thousand (H1 2008: EUR 3,213 thousand), license business was down 
19.0% year-on-year at EUR 1,993 thousand (H1 2008: EUR 2,462 
thousand) after a very strong second quarter in 2008 when several 
major individual orders were posted. Other income amounted to EUR 460
thousand in the first two quarters of 2009 (H1 2008: EUR 439 
thousand) and essentially related to merchandise. As a result of the 
positive ongoing order development, orders on hand rose slightly to 
EUR 12,877 thousand as of June 30, 2009 (June 30, 2008: EUR 12,877 
thousand) despite the significant upturn in consulting and 
maintenance revenue.
Significant increase in earnings power - With a surge in net profit 
for the period of 53.1% as against the previous year to EUR 395 
thousand (H1 2008: EUR 258 thousand), the USU Group also continued 
its positive earnings performance in the first half of 2009. 
Accordingly, earnings per share amounted to EUR 0.04 (H1 2008: EUR 
0.03) based on an average number of 10,021,054 (H1 2008: 10,276,126) 
shares. Despite stepping up its activities abroad and with partners 
as part of its internationalization strategy and the greater 
investments in the ongoing development of Group products, USU 
increased its EBITDA to EUR 812 thousand (H1 2008: EUR 764 thousand),
a rise of 6.3%. EBIT rocketed 56.3% to EUR 272 thousand (H1 2008: EUR
174 thousand) as against the same period of the previous year on 
account of the positive sales performance, moderate development in 
costs and lower write-downs.
Strong Group liquidity and extremely solid financing without 
liabilities to banks - Group liquidity amounted to EUR 8,668 thousand
as of June 30, 2009 (December 31, 2008: EUR 9,541 thousand). The 
reported decline in cash and cash equivalents resulted from the 
dividend payment of EUR 1,503 thousand to USU Software AG 
shareholders on June 26, 2009. The dividend distribution also reduced
the Company's equity as against the balance sheet date December 31, 
2008 to EUR 44,838 thousand (December 31, 2008: EUR 45,921 thousand).
At the same time, USU lowered its borrowed capital to EUR 7,834 
thousand as of the end of the second quarter of 2009 (December 31, 
2008: EUR 8,232 thousand). There were no liabilities to banks as of 
the end of the second quarter of 2009. Thus, USU's financing 
situation is still extremely solid. With total assets of EUR 52,672 
thousand (December 31, 2008: EUR 54,153 thousand), the equity ratio 
was 85.1% as of June 30, 2009 (December 31, 2008: 84.8%).
Management Board reaffirms outlook and shareholder-friendly dividend 
policy - Following a successful business performance in the first 
half of 2009 and assuming that economic developments continue to 
stabilize, the Management Board is anticipating further improvements 
in sales and earnings in the traditionally stronger second half of 
the year. As forecast, the USU Group is expected to generate sales 
growth in excess of the average for its relevant market segments over
the year as a whole, as USU products for cost transparency in IT and 
efficiency enhancements in core processes are still in demand in the 
economic and financial crisis.  EBITDA should also rise significantly
on the previous year. In addition to continuing strong domestic 
business, international partner business is increasingly a key factor
in ongoing business success as well. USU gained several international
sales partners who had their first product training sessions in the 
first half of 2009 to be able to post their first sales successes by 
the end of the current fiscal year. By 2010, the international share 
of consolidated sales, which will primarily consist of partner sales 
from license and maintenance business, will rise from currently 
around 7% to over 15%. The Company is therefore investing 
specifically in expanding its international business and the further 
development of Group products to generate sales growth above the 
relevant market segment and above-average earnings growth in the 
medium to long term. On this basis the Management Board is planning 
to continue the shareholder-friendly dividend policy of recent years 
to allow the shareholders of USU Software AG to participate in the 
business success of the Company as in previous years.
This press release is available at http://www.usu-software.de.
USU - The Knowledge Business Company The USU Software AG offers with 
its company network appliances, products and consulting all about 
Knowledge Business, aligned for the future. For example Valuemation. 
Our clients obtain a broad and complete overview over their IT 
processes, IT infrastructure and are able to display their IT costs 
transparently, to account and control actively. More than 500 clients
administrate with this product group more than 30 million IT assets. 
For example KnowledgeMiner. As an integrated research and navigation 
system or portal solution, we activate the complete knowledge of a 
single organisation with this technology. Call and service centres 
solve more than ten thousand individual problems and requests day for
day, using the technology. Departments like quality assurance, 
production or distribution fasten their core processes and improve 
their quality. The ability to form branch knowhow, competence of 
technology and user demands to an integrated software system, has 
been convincing clients for more than two decades in all fields of 
the international economy. The USU Software AG (ISIN DE000A0BVU28) is
listed in the Prime Standard of the Frankfurt stock exchange.
Contact:
USU Software AG
Investor Relations
Falk Sorge
Tel.: +49 (0) 71 41 / 48 67 351
Fax: +49 (0) 71 41 / 48 67 108
Email:  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
Email:  t.gerick@usu-software.de
end of announcement                               euro adhoc

Further inquiry note:

Falk Sorge
Tel.: +49 (0)7141 4867 351
E-Mail: fsorge@usu.de

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

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