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USU Software AG announces preliminary figures for 2019

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Revenue rises by 6% to EUR?95.6?million

Another considerable upturn for international business, up 9% at EUR?26.5 million

Strong license and SaaS business form basis for above-average profit growth

Strong growth in adjusted EBIT, up 51% at EUR?6.2?million

Preliminary, unaudited figures show that USU Software AG (hereinafter: ?USU?, ISIN DE000A0BVU28) boosted its consolidated revenue by 6% year on year to EUR?95.6 million in fiscal year 2019 (2018: EUR?90.5 million).

USU particularly benefited from the recovery in international business, which saw above-average growth of 9% against the previous year to EUR?26.5 million (2018: EUR?24.2 million). The main driver behind this revenue growth was the software license and SaaS business. As part of the rise in high-margin license and SaaS revenue, preliminary figures show that USU generated higher profit growth as a proportion of revenue in 2019.

After adjustment for non-recurring, acquisition-related effects, the USU Group generated adjusted earnings before interest and taxes (adjusted EBIT) of EUR?6.2?million (2018: EUR?4.1?million), representing a 51% increase. At the same time, USU generated earnings before interest and taxes (EBIT) of EUR?4.0?million (2018: EUR?2.7?million). Net financial income was almost at break even in fiscal 2019 (2018: EUR?0.1 million). Furthermore, USU generated tax income in the fiscal year 2019, with income taxes amounting to EUR?1.2 million (2018: -1.9 million). The tax income is chiefly a result of capitalizing deferred taxes on tax loss carryforwards.

After taxes and interest, consolidated net profit came to EUR?5.2 million (2018: EUR?1.0 million). USU increased its earnings per share accordingly to EUR?0.50 in the Group as a whole (2018: EUR?0.09).

The company will publish the final figures for 2019, its dividend proposal and guidance for 2020 on March?26,?2020.

The USU Group is Europe\-\-s largest provider of IT and knowledge management software. Market leaders from all sectors of the international economy use USU applications to create transparency, enhance agility, save costs and reduce their risks. In addition to USU AG, founded in 1977, USU Software AG – which is listed in the Prime Standard of Deutsche Börse (ISIN DE000A0BVU28) – also includes the subsidiaries Aspera GmbH, Aspera Technologies Inc., LeuTek GmbH, OMEGA Software GmbH and USU SAS.

In the area of IT management, USU supports companies with comprehensive ITIL?-compliant solutions for strategic and operational IT and enterprise service management. USU solutions give customers an overview of their IT processes and IT infrastructure, and enable them to transparently plan, allocate, monitor and actively manage services. USU is one of the world\-\-s leading manufacturers in the area of software license management.

USU is driving the digitization of business processes with its intelligent solutions and expertise in the area of digital interaction. Standard software and consulting services are used to automate service workflows and actively provide knowledge for all communications channels and points of customer contact in sales, marketing and customer service. The portfolio in this area is rounded off by system integration, individual applications and software solutions for industrial big data.

Further information: https://www.usu.com

Posted by on 28. February 2020. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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