USU Software AG announces figures for third quarter and first nine months of 2020
(PresseBox) - .
Sales growth of 8.1% in Q3 2020
High share of the SaaS business in new contracts
Adjusted EBIT of over EUR 1 million as planned
Sales for first nine months rise by 16.1%
Adjusted nine-month EBIT up 80.2%
New record for orders on hand
Sales and earnings planning confirmed
USU Software AG (ISIN DE000A0BVU28) and its subsidiaries (hereinafter also referred to as the ?USU Group? or ?USU?) improved their consolidated sales (IFRS) by 8.1% year-on-year to EURg figure of the prior year. At the same time, USU increased consulting revenues by an above-average 20.6% year-over-year to EUR
As a result of these extraordinary factors and active recruitment measures to raise headcount to 735 (Q3 2019: 702), the USU Group?s EBITDA fell by approximately a third year-on-year to EUR
Over the first nine months of fiscal 2020, USU Software AG?s consolidated sales (IFRS) increased by 13.3% as against the previous year to EURf the previous year.
In conjunction with the substantial business growth and a slower rise in expenses, the USU Group?s profitability increased significantly in the first nine months of the 2020 reporting year as compared to the previous year. USU?s EBITDA thus grew by 47.6% year-on-year to EUR
At the same time, the USU Group?s adjusted EBIT rose by 80.2% year-on-year in the first nine months of 2020 to EUR
For the current final quarter of 2020, the Management Board anticipates growth in sales compared to the previous quarter and positive adjusted EBIT. One key indicator supporting this forecast is the record level of Group-wide orders on hand, which grew by 17.6% to EURen 13% and 15% by 2024.
The full nine-month report for 2020 is available for download on USU Software AG?s website. The Management Board of the company will present further details of business performance at the analyst and investor conference, ?German Equity Forum 2020? at 4:30 p.m. on November
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 B
In the area of IT management, USU supports companies with comprehensive ITIL. 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: http://www.usu.com
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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 overall view of their IT processes and IT infrastructure, enabling 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: http://www.usu.com
Datum: 16.11.2020 - 04:28 Uhr
Sprache: Deutsch
News-ID 1562421
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