USU enjoys a good start to the year
USU Group reports sales growth and above-average increase in earnings in first quarter of 2021
(PresseBox) -
Sales up 3.7% to EUR
Adjusted EBIT rises 10.3% to EUR
Further increase liquidity
Consistently solid financing
New record for orders on hand
Planning anticipates further growth
USU Software AG and its subsidiaries (hereinafter also referred to as the USU Group or USU) continued to benefit from the trend toward business process digitalization in the first quarter of 2021. According to the figures published today, the leading provider of solutions for digital IT and customer services increased its consolidated sales by 3.7% to EURd to EUR 6.8 million compared with the high prior-year figure (Q1/20220: EUR 7.9 million) as a result of the coronavirus situation.
Broken down by type of sales, USU?s consulting revenue saw above-average growth of 11.6% year-on-year to EUR
As a result of the business growth and the below-average increase in Group expenses, the USU Group recorded a further year-on-year improvement in profitability in Q1 2021. EBIT adjusted for extraordinary effects due to acquisitions (adjusted EBIT) increased by 10.3% to EUR 2.2 million (Q1 2020: EUR 2.0 million). On an unadjusted basis, EBIT rose by 16.6% year-on-year to EUR
At EUR 4.9 million (Q1/2020: EUR 8.6 million), USU''s cash flow from operating activities was once again clearly positive in the quarter under review, mainly due to the quarterly profit generated by USU. Accordingly, the USU Group increased its group liquidity to EUR 22.7 million as of March 31, 2021 (December 31, 2020: EUR 18.5 million). At the same time, USU?s equity climbed from EURbilities to banks, the USU Group continues to have extremely sound and secure financing even during the coronavirus crisis. Thanks to strong order development, USU also increased its orders on hand to a new record of EUR 64.5 million at the end of the period under review (March 31, 2020: EUR 57.8 million), up 11.6% on the previous year.
The Management Board expects the USU Group to record slight growth in sales and an improvement in adjusted EBIT to at least EUR 9-10 million in 2021. This development will be driven in particular by strong SaaS business, as well as positive effects and increased efficiency in connection with the implementation of the ?One USU? strategy. The Management Board is also confirming the current medium-term planning, which includes average organic sales growth of 10% in the next few years and, in view of the continued growth in SaaS business, an increase in the operating margin on adjusted EBIT to between 13% and 15% by 2024. Strategic planning focuses on the three established growth pillars of the USU Group: increased internationalization, the development and launch of new product innovations and growth through acquisitions.
As the leading provider of software and services for IT and customer service management, USU empower companies to meet the demands of today''s digital world. Global companies use our solutions to cut costs, drive agility, and reduce risk - with smarter services, streamlined workflows, and improved collaboration. With over 40 years of experience and locations worldwide, the USU team helps customers move into the future.
USU Software AG (ISIN DE 000A0BVU28), listed in the Prime Standard of the German stock exchange, incorporates USU GmbH, founded in 1977, as well as the subsidiaries USU Technologies GmbH, USU Solutions GmbH, USU Solutions Inc. and USU SAS. Further information: http://www.usu.com
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As the leading provider of software and services for IT and customer service management, USU empower companies to meet the demands of today''s digital world. Global companies use our solutions to cut costs, drive agility, and reduce risk - with smarter services, streamlined workflows, and improved collaboration. With over 40 years of experience and locations worldwide, the USU team helps customers move into the future.USU Software AG (ISIN DE 000A0BVU28), listed in the Prime Standard of the German stock exchange, incorporates USU GmbH, founded in 1977, as well as the subsidiaries USU Technologies GmbH, USU Solutions GmbH, USU Solutions Inc. and USU SAS. Further information: http://www.usu.com
Datum: 14.05.2021 - 03:38 Uhr
Sprache: Deutsch
News-ID 1567137
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