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USU Software AG

EANS-News: USU Software AG announces figures for first half of 2010

Möglingen, August 19, 2010 - (euro adhoc) -

Improved development of incoming orders as of end of first six months
– Positive outlook for coming quarters – Planning confirmed for 2010 
as a whole
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report/6-month report
Subtitle: Improved development of incoming orders as of end of first 
six months – Positive outlook for coming quarters – Planning 
confirmed for 2010 as a whole
USU Software AG has
announced its financial figures for the first half of 2010. This 
year, the traditionally weaker first six months of USU´s fiscal year 
were overcast by modest investment propensity on the part of 
companies hit heavily by the preceding recession. However, the 
company recorded a tangible improvement in incoming orders as of the 
end of the second quarter, reflected in a significant increase in the
order book as against the previous year to EUR 14,844 thousand (June 
30, 2009: EUR 12,877 thousand).
Over the first half of the year, USU Software AG generated 
consolidated sales of EUR 15,227 thousand (H1 2009: EUR 16,680 
thousand). While maintenance income rose to EUR 3,792 thousand (H1 
2009: EUR 3,480 thousand) as a result of positive license business in
the previous year, consulting, license and other sales were down 
year-on-year at EUR 11,435 thousand (H1 2009: EUR 13,200 thousand).
In the Product Business segment, the USU Group generated sales of EUR
10,062 thousand in the first half of 2010 (H1 2009: EUR 10,866 
thousand). This segment was still affected by project postponements 
in the second quarter which did not noticeably slow until the end of 
the reporting period. In the consulting-based Service Business 
segment, however, there was a recovery in the order situation over 
the course of the second quarter and a visible improvement in 
capacity utilization that led to sales in this segment of EUR 5,157 
thousand (H1 2009: EUR 5,797 thousand). The sales not assigned to the
segments amounted to EUR 8 thousand in the first two quarters of 
fiscal 2010 (H1 2009: EUR 17 thousand). The USU Group´s consolidated 
sales outside Germany rose to EUR 1,329 thousand in the period under 
review (H1 2009: EUR 1,238 thousand).
As a result of systematic cost management and a streamlined 
administrative structure, the USU Group reduced its Group-wide 
operating cost base to EUR 15,146 thousand in the first half of 2010 
(H1 2009: EUR 16,076 thousand), resulting in positive consolidated 
EBITDA of EUR 300 thousand (H1 2009: EUR 812 thousand) in spite of 
the decline in sales. Taking into account depreciation and 
amortization of EUR 551 thousand (H1 2009: EUR 540 thousand), EBIT 
amounted to EUR  251 thousand (H1 2009: EUR 272 thousand). The 
Group´s net loss for the period was EUR  143 thousand (H1 2009: net 
profit of EUR 395 thousand), equivalent to earnings per share of EUR 
0.01 (H1 2009: EUR 0.04).
As of June 30, 2010, USU Software AG still has very solid financing -
with an equity ratio of 85.6% (December 31, 2009: 85.7%) and cash and
cash equivalents including securities totaling EUR 10,065 thousand 
(December 31, 2009: EUR 10,888 thousand).
Following the modest performance in the first two quarters of the 
current fiscal year, the Management Board is anticipating a 
significant improvement in Group sales and earnings in the 
traditionally stronger second half of the year for USU Software AG. 
With the launch of the new versions of Valuemation 4 and USU 
KnowledgeCenter 5, license business in particular is set to be 
expanded again. In addition, the Management Board is predicting a 
tangible increase in international business in the coming quarters as
a result of the extensive partner activities in the past months, such
as the roadshows successfully carried out in various countries. In 
service business, the Management Board expects slightly positive 
business development in subsequent quarters following the 
stabilization in the second, thanks to the strong utilization of the 
expanded internal consultancy team. The majority takeover of Aspera 
GmbH will allow the USU Group to generate additional positive sales 
effects from the third quarter of 2010. In terms of earnings, Aspera 
will initially make only minor contributions to consolidated profits 
in 2010, as the incidental costs of acquisition incurred in 
connection with the transaction must be expensed directly under IFRS.
However, Aspera will make a significant contribution to the USU 
Group´s profitability from 2011.
Assuming a sustained economic recovery, the Management Board is 
confirming its forecast of generating sales growth in excess of the 
average for the IT market in the current year and again achieving a 
stronger increase in EBITDA compared to sales.
This company release can be accessed at http://www.usu-software.de.
USU - The Knowledge Business Company
USU Software AG and the Group offer forward-looking application 
solutions, products and consulting for knowledge business. For 
example, Valuemation. With this product, our customers can gain a 
comprehensive overview of their IT processes and infrastructure, 
allowing them to transparently show, calculate and actively manage 
their IT costs. More then 500 customers use this product family to 
manage more than 30 million IT assets. For example, KnowledgeMiner. 
As an integrated research and navigation system or as a portal 
solution, we use this technology to activate all the knowledge within
an organization. Call and service centers handle over 10,000 
individual problems and inquiries with it every single day. 
Specialist areas such as quality assurance, production and sales 
accelerate their core processes and thereby enhance their quality. 
Our ability to form industry knowledge, technological expertise and 
user requirements into integrated software systems has been winning 
over our customers for more than two decades. Long-standing 
partnerships connect USU to market leaders in all areas of the 
economy. USU Software AG is listed on the Prime Standard of Deutsche 
Börse under ISIN DE000A0BVU28.
end of announcement                               euro adhoc

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

Branche: Software
ISIN: DE000A0BVU28
WKN: A0BVU2
Index: CDAX, Prime All Share, Technology 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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