EANS-News: USU Software AG reports provisional business figures for 2011: New
records in consolidated sales (EUR 45.6 million) and EBITDA (EUR 6.7 million)
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Financial Figures/Balance Sheet/Earnings
Möglingen, March 6, 2012 - (euro adhoc) - USU Software AG (ISIN DE000A0BVU28)
improved its IFRS consolidated sales by almost 20% year-on-year to EUR 45.6
million (2010: EUR 38.0 million) according to preliminary calculations. Thus,
USU exceeded its advised sales target of more than EUR 43.0 million and at the
same time generated the highest sales in the company´s history. The growth in
the international business of the USU Group as a result of the extensive partner
and sales activities in recent years is particularly encouraging. USU thus
generated consolidated sales of EUR 5.4 million (2010: EUR 3.4 million) outside
Germany in fiscal 2011, a year-on-year increase of 58%. The share of
consolidated sales generated outside Germany therefore rose to nearly 12% in the
reporting year after 9% in 2010.
According to the provisional figures, USU Software AG increased its EBITDA for
the Group as a whole by 45% to EUR 6.7 million (2010: EUR 4.6 million). This
also both exceeds the company´s own forecast of at least EUR 6 million and marks
a new earnings record for USU. Accordingly, the EBITDA margin expanded from 12%
in 2010 to almost 15% in the year under review. USU´s EBIT rose by almost 80% as
against the previous year to EUR 4.6 million (2010: EUR 2.6 million). USU
Software AG also increased its EBT for the Group as a whole by around two thirds
year-on-year to EUR 4.5 million (2010: EUR 2.7 million). After taxes, USU
generated growth in net income for fiscal 2011 of 51% to EUR 3.5 million (2010:
EUR 2.3 million), corresponding to earnings per share of EUR 0.34 (2010: EUR
0.23).
As the USU Group´s IFRS consolidated earnings were influenced by various
non-recurring effects hampering the comparability of USU´s earnings power across
multiple fiscal years, the company also calculated its "adjusted consolidated
earnings" for information purposes. This figure represents consolidated earnings
after adjustment for amotization of intangible assets capitalized as a result of
business combinations, results from the capitalization of tax loss
carryforwards, the associated goodwill amortization and additional
acquisition-related extraordinary effects including the associated tax effects.
In the 2011 reporting period, adjusted consolidated earnings amounted to EUR 5.3
million (2010: EUR 3.9 million), corresponding to earnings per share of EUR 0.50
(2010: EUR 0.39). In future, the company will publish both its IFRS earnings
figures and its non-IFRS, adjusted performance indicators.
As a result of the rise in earnings, the USU Group´s cash flow from operating
activities surged from EUR 2.4 million in the previous year to EUR 9.4 million
in fiscal 2011. Consequently, the USU Group´s liquidity in the form of cash,
bank balances and securities rose to a total of EUR 17.6 million (2010: EUR 11.1
million). Equity increased to EUR 49.9 million as against the end of the
previous year (2010: EUR 48.5 million) as a result of the net income for the
year. Based on total assets of EUR 70.1 million (2010: EUR 66.9 million), the
equity ratio was above 70% as of December 31, 2011, as in the previous year.
The Management Board of USU Software AG is optimistic of continuing the positive
sales and earnings trends of recent years in the current year of fiscal 2012 as
well. One positive indicator of this is USU's consolidated order backlog, which
amounted to EUR 21.5 million as at December 31, 2011 (2010: EUR 19.1 million).
The Management Board will publish the final, audited figures for 2011, the
proposal for the appropriation of earnings for 2011 and details of planning for
2012 on March 29, 2012.
This company release can be accessed at http://www.usu-software.de.
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 and USU
Consulting GmbH belong to USU Software AG (ISIN DE000A0BVU28), which is listed
in the Prime Segment of the German Stock Exchange in Frankfurt and on the German
Entrepreneurial Index (GEX).
With its Valuemation® product line, USU offers a top-quality portfolio for
knowledge-based service management, the merits of which have been recognized by
leading market analysts around the world - all from one single, reliable source.
What's more, this modular suite also fully supports the industry standard ITIL®.
The USU Group's products in this sector are complemented and enhanced with the
SmartTrack license management solution from Aspera GmbH, the ZIS product family
for systems management from LeuTek GmbH as well as the myCMDB software from
OMEGA Software GmbH. USU Consulting offers top-notch strategy consulting for IT
service management.
With KnowledgeCenter technology, customers can activate and leverage all the
knowledge resources within their organizations. This system application bundles
all the various communications and information channels on one central platform.
With the support of intelligent knowledge bases from USU, call and service
centers provide accurate, individualized answers to over 25 million inquiries
per year.
By developing and maintaining complex, customer-specific applications, USU
experts can combine user-requested features, sector-specific knowledge and
technological expertise to create individual, customized solutions. Achieving
process and system integration and implementing knowledge portals and employee
portals are some of USU´s other well-established and proven core competencies.
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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company: 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