USU Software AG: Good Performance Thanks to Upturn in International Business
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10.3% sales growth in Q2 2019
International sales up almost 40% in Q2 2019
License revenue climbs by around 50% in Q2 2019
Significant upturn in adjusted earnings
Half-year figures on track
Level of orders breaks new record
Sales and earnings guidance for year as a whole and 2021 confirmed
Thanks above all to strong license and SaaS business, consolidated sales of USU Software AG and its subsidiaries (?USU Group? or ?USU?) in line with IFRS climbed by 10.3% year-on-year to EUR share of consolidated revenue attributable to international business amounted to 32.2% in the second quarter of 2019 (Q2 2018: 25.5%), thereby returning to above the target of 30%.
License business was particularly successful at USU, expanding by 49.9% year on year to EUR
As forecast, the cost base of the USU Group increased to a lower extent than sales, rising by just 5.9% to EUR
In the first six months of fiscal 2019, the company increased its consolidated sales (IFRS) by 7.4% year-on-year to EUR
The operating cost base of the USU Group increased by 8.0% year-on-year to EUR
The expansion of high-margin software business meant that the USU Group achieved a significant improvement in earnings in the first half of fiscal 2019. Accordingly, EBITDA increased by 155.8% year-on-year to EUR
Net finance costs amounted to EURe payments. However, the profit and loss transfer agreement between the company and its subsidiary USU GmbH, which was resolved at this year?s Annual General Meeting on July 2, 2019 and hence only comes into force subsequently, is expected to lead to a relative reduction in tax expense for 2019 as a
Adjusted EBIT increased by 170.6% year-on-year to EUR
As of the end of the second quarter of 2019, the USU Group?s total orders on hand increased by 18.2% year-on-year to EUR
The Management Board expects to continue the trend of long-term growth in fiscal 2019 and, accordingly, significantly outperform the market in terms of growth once again. One key indicator supporting this guidance is the record level of orders on hand at a Group level. Accordingly, the forecast for 2019 involves an increase in consolidated sales to between EUR growth due to acquisitions of approximately EUR 15 million. However, all assumptions are based on the absence of a fully-fledged recession in Germany or worldwide.
Based on the above assumptions, the Management Board is in turn planning to enable the shareholders of USU Software AG to participate significantly in the company?s operating success in fiscal 2019, as in previous years, and to continue the shareholder-friendly dividend policy with the distribution of a dividend that is never lower than in the previous year and that amounts to around half of the profit generated.
The USU Group is the largest European 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 B
In the area of IT management, USU supports companies with comprehensive ITILrld''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.de/en/
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The USU Group is the largest European 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 overall view 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 leadingmanufacturers 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.de/en/
Datum: 29.08.2019 - 04:24 Uhr
Sprache: Deutsch
News-ID 1551766
Anzahl Zeichen: 7286
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