EANS-Adhoc: USU Software AG exceeds targets for fiscal year 2012 according to
provisional calculations. Group sales over EUR 50 million for the first time and
adjusted EBIT moves past EUR 7 million
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Earnings Forecast/annual report
06.03.2013
March 6, 2013 - According to provisional calculations, USU Software AG (ISIN
DE000A0BVU28) improved Group sales in line with IFRS by over 12% to EUR 51.2
million in fiscal year 2012 (2011: EUR 45.6 million). As a result, the company
moved past the EUR 50 million threshold for the first time in its history. This
figure does not include the majority stake in BIG Social Media GmbH, Berlin,
acquired on 20 December 2012. This is because the BIG stake was only transferred
officially to USU Software AG with the payment of the first instalment of the
purchase price on 15 January 2013.
Particularly successful in the reporting period was progress made in
international business. This surged by 70% against the previous year to reach
EUR 9.2 million (2011: EUR 5.4 million). The share of consolidated sales
generated outside Germany therefore rose from 12.0% in 2011 to 18% during the
year under review, already moving past the medium-term target for international
sales as a share of total sales of 15%.
Owing to the extraordinary effect of the final Aspera acquisition in the 2012
fiscal year and the associated non-recurring expense for the purchase price
adjustment of EUR 1.9 million, EBIT totalled EUR 3.5 million (2011: EUR 4.6
million).At the same time, USU generated cumulative tax income of EUR 1.4
million, mainly the result of recognising deferred tax assets, after tax
expenditure of EUR 1.0 million in the previous year. Overall, the unadjusted net
result in the USU Group improved by 36% from EUR 3.5 million in the previous
year to EUR 4.8 million. This translates into earnings per share of EUR 0.46
(2011: EUR 0.34).
After adjustment for acquisition-related extraordinary effects, in 2012 the USU
Group improved adjusted EBIT by 8% to EUR 7.1 million (2011: EUR 6.5 million)
Adjusted consolidated earnings rose by 36% as against the previous year to EUR
7.2 million (2011: EUR 5.3 million). This corresponds to adjusted earnings per
share of EUR 0.69 (2011: EUR 0.50).
With sales growth of 12% to more than EUR 51 million and adjusted EBIT to over
EUR 7 million, the USU Group considerably outperformed the relevant IT markets,
at the same time exceeding its targets.
?
For fiscal 2013, the USU Software AG Management Board expects the growth trend
to continue, with sales moving up to at least EUR 58 million and EBIT to over
EUR 8 million. For subsequent years, the Management Board also expects sales
above the average market level, while continuing to improve the earnings margin.
In the medium-term planning of the Management Board, it is planned to cross the
EUR 100 million sales mark in the next five years.
The Management Board will publish the final audited figures for 2012 and the
proposal for the appropriation of net profits on March 26, 2013.
end of ad-hoc-announcement
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USU Software AG
The USU Group is Europe's largest provider of IT Management and Knowledge
Management software. Market leaders from every sector of the international
economy create transparency with USU applications, while also increasing
flexibility, decreasing risks and cutting costs. In addition to USU AG (founded
in 1977), the subsidiaries Aspera GmbH, LeuTek GmbH, OMEGA Software GmbH, USU
Consulting GmbH and BIG Social Media GmbH belong to USU Software AG (ISIN DE
000A0BVU28), which is listed in the Prime Segment of the German Stock Exchange
(DAX) in Frankfurt and on the German Entrepreneurial Index (GEX).
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
USU Software AG
Corporate Communications
Dr. Thomas Gerick
Tel.: +49 (0) 71 41 - 48 67 440
Fax: +49 (0) 71 41 - 48 67 909
E-Mail: t.gerick@usu-software.de
end of announcement euro adhoc
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issuer: USU Software AG
Spitalhof
D-71696 Möglingen
phone: +49 (0)7141 4867 0
FAX: +49 (0)7141 4867 20
mail: investor@usu-software.de
WWW: http://www.usu-software.de
sector: Software
ISIN: DE000A0BVU28
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
regulated dealing: Stuttgart, regulated dealing/prime standard:
Frankfurt
language: English