USU Software AG reports positive business performance
(PresseBox) - br />
13% sales growth in Q2 2020
Adjusted earnings rise by 267% in Q2 2020
Half-year figures attest to positive growth trend
Liquidity increased by 84.3%
Level of orders breaks new record
Sales and earnings planning confirmed
In spite of the negative economic effects of the coronavirus pandemic all around the world, USU Software AG together with its subsidiaries (hereinafter also referred to as the ?USU Group? or ?USU?) posted a strong operating performance again in the second quarter of the current fiscal year 2020 after the positive first quarter. USU thus increased its consolidated sales (IFRS) by 13.0% year-on-year to EURÂ 25.9 million in the second quarter of 2020 (Q2 2019: EURÂ 22.9 million). Here, USU particularly benefited from very good domestic business, after it had mainly been international business driving growth in the first quarter.
The cost base of the USU Group increased only slightly by 6.6% year-on-year to EURÂ 24.3Â million (Q2 2019: EURÂ 22.8Â million). This meant that earnings improved considerably compared with the previous year. The USU Group thus increased its earnings before interest, taxes, depreciation and amortization (EBITDA) by almost a factor of six year-on-year to EURÂ 3.0 million in the reporting quarter (Q2 2019: EURÂ 0.5 million). Taking into account depreciation and amortization expense of EURÂ 1.3 million (Q2 2019: EURÂ 1.2 million), earnings before interest and taxes (EBIT) amounted to EURÂ 1.7 million (Q2 2019: EURÂ 0.2 million). This corresponds to a year-on-year increase in EBIT of 844.5%.
After interest and taxes, net profit for the period came to EURÂ 1.5 million after a quarterly loss of EURÂ 0.3 million in the previous year. This corresponds to earnings per share of EURÂ 0.14 (Q2 2019: EURÂ -0.03). EBIT adjusted for the extraordinary effects of acquisitions (adjusted EBIT) also improved significantly by 266.9% year-on-year to EURÂ 1.9 million in the second quarter of 2020 (Q2 2019: EURÂ 0.5 million), while the adjusted net result increased from EURÂ 1,000 in the previous year to EURÂ 1.7 million. This corresponds to adjusted earnings per share of EURÂ 0.16 (Q2 2019: EURÂ 0.00).
In the first six months of fiscal 2020, the USU Group increased its consolidated sales (IFRS) by 16.1% year-on-year to EURÂ 52.1 million (Q1-Q2 2019: EURÂ 44.9 million). This positive development was driven both by domestic business, which increased by 16.1% to EURÂ 37.3 million (Q1-Q2 2019: EURÂ 32.1 million), and also by income from international markets, which rose by 15.9% to EURÂ 14.8 million (Q1-Q2 2019: EURÂ 12.8 million).
Business with software licenses declined by 6.4% year-on-year to EURÂ 5.8 million (Q1-Q2 2019: EURÂ 6.2 million) due to customers? growing preference for SaaS and the postponement of some individual orders. At the same time, maintenance and SaaS business increased to EURÂ 15.9Â million (Q1-Q2 2019: EURÂ 14.0Â million) as a result of higher SaaS revenue. This represents growth of 19.5% compared with the first half of 2019. Significantly higher than average growth was also posted by consulting business, which increased by 22.8% to EURÂ 29.6 million in the first half of the year (Q1-Q2 2019: EURÂ 24.7 million) thanks to new consulting projects and existing orders from the previous quarters.
The operating cost base of the USU Group increased by 9.0% year-on-year to EURÂ 49.1Â million in the first six months of 2020 (Q1-Q2 2019: EURÂ 45.1Â million). In addition to higher staff costs as a result of the previous year?s workforce expansion by 2.3% to 724 employees (June 30, 2019: 708), expenses also rose due to increased non-staff operating costs and amortization and depreciation.
USU?s EBITDA increased by 151.1% year-on-year to EURÂ 6.1Â million in the first half of the year (Q1-Q2 2019: EURÂ 2.4Â million). Adjusted for total depreciation and amortization of EURÂ -2.6Â million (Q1-Q2 2019: EURÂ -2.4Â million), USU generated EBIT of EURÂ 3.5Â million (Q1-Q2 2019: EURÂ -1,000). After interest and taxes, USU?s consolidated earnings improved to EURÂ 3.1 million in the first six months of 2020, after a loss of EURÂ 1.0 million in the first half of 2019. With an average of 10,523,770 shares outstanding, this corresponds to earnings per share of EURÂ 0.29 (Q1-Q2 2019: EURÂ -0.09).
Adjusted EBIT increased by almost a factor of six to EURÂ 3.9 million in the first half of 2020 (Q1-Q2 2019: EURÂ 0.7 million). At the same time, USU improved its adjusted net result from EURÂ -0.3 million in the previous year to EURÂ 3.5 million in the first six months of fiscal 2020. Accordingly, adjusted earnings per share rose to EURÂ 0.33 (Q1-Q2 2019: EURÂ -0.03).
With an equity ratio of 57.5% (December 31, 2019: 57.6%), extensive Group liquidity of EURÂ 19.2 million (December 31, 2019: EURÂ 10.4 million) and no liabilities to banks, the USU Group still has extremely sound and secure financing, even in the coronavirus crisis.
Due to the uncertainty over the duration and development of the COVID-19 pandemic, it is not currently possible to make a reliable and realistic precise estimate of USU?s future business development. However, the Management Board anticipates sales growth and positive adjusted EBIT again in the second half of 2020 One key indicator supporting this forecast is the record level of Group-wide orders on hand, which grew to EURÂ 59.5 million in the reporting quarter (June 30, 2019: EURÂ 54.2 million). The Management Board is also confirming the USU Group?s medium-term planning, which includes average organic sales growth of 10% in the next few years and an increase in the operating margin on adjusted EBIT to between 13% and 15% by 2024.
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 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: http://www.usu.com
Unternehmensinformation / Kurzprofil:
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 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: http://www.usu.com
Datum: 31.08.2020 - 12:12 Uhr
Sprache: Deutsch
News-ID 618730
Anzahl Zeichen: 7342
contact information:
Town:
Möglingen
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 226 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"USU Software AG reports positive business performance"
steht unter der journalistisch-redaktionellen Verantwortung von
USU Software AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
