USU Software AG, DE000A0BVU28

USU Software AG, DE000A0BVU28

18.11.2021 - 09:03:56

USU Software AG records jump in profits

As a result of the significant expansion in high-margin recurring revenue and the below-average increase in Group expenses of 3.2% to EUR 76.1 million (Q1-Q3 2020: EUR 73.7 million), the reporting period saw USU substantially improve its profitability compared with the previous year. EBITDA rose by 25.6% to EUR?10.4 million (Q1-Q3 2020: EUR?8.3 million), while EBIT increased by 48.7% to EUR?6.9 million (Q1-Q3 2020: EUR?4.6 million). USU's consolidated earnings also improved significantly by 55.2% year-on-year to EUR 6.1 million in the first nine months of 2021 (Q1-Q3 2020: EUR 4.0 million). This corresponds to earnings per share of EUR?0.58 (Q1-Q3 2020: EUR 0.38). Furthermore, USU increased its adjusted EBIT by 39.3% year-on-year to EUR 7.2 million in the first nine months of 2021 (Q1-Q3 2020: EUR 5.2 million). Consequently, the earnings margin based on adjusted EBIT improved from 6.7% in the previous year to 8.8% in the reporting period. At the same time, adjusted consolidated earnings climbed by 44.0% to EUR?6.5 million (Q1-Q3 2020: EUR?4.5 million). Adjusted earnings per share rose accordingly from EUR?0.43 in the previous year to EUR?0.61. With an equity ratio of 55.0% (December 31, 2020: 53.5%), extensive Group liquidity that increased by 6.4% to EUR?19.7 million (December 31, 2020: EUR?18.5 million) and no liabilities to banks, the USU Group still has extremely sound and secure financing. For 2021 as a whole, the Management Board expects the USU Group to record slight growth in sales and an improvement in adjusted EBITDA to at least EUR 9-10 million. The main contributing factor will be strong SaaS business. One key indicator supporting this forecast is the level of Group-wide orders on hand, which rose by 6.9% to EUR?64.6?million in the reporting period (September?30,?2020: EUR?60.4 million). In addition, the Management Board anticipates 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 an increase in the operating margin on adjusted EBIT to between 13% and 15% by 2024. This press release is available at www.usu.com. USU Software AG As a leading provider of software and services for IT and customer service management, USU enables companies to master the demands of today's digital world. Global organizations use our solutions to cut costs, become more agile and reduce risks - with smarter services, simpler workflows and better collaboration. With more than 40 years of experience and locations worldwide, the USU team brings customers into the future.? In addition to USU GmbH, which was founded in 1977, the subsidiaries USU Technologies GmbH, USU Solutions GmbH, USU Solutions Inc. and USU SAS also belong to USU Software AG (ISIN DE 000A0BVU28), which is listed in the Prime Standard of the German Stock Exchange. Further information: www.usu.com. Contact: USU Software AG Corporate Communications Dr. Thomas Gerick Tel.: +49 (0) 71 41 - 48 67 440 Fax: +49 (0) 71 41 - 48 67 909 E-Mail: thomas.gerick@usu.com USU Software AG Investor Relations Falk Sorge Spitalhof D-71696 M?glingen Tel.: +49 (0) 71 41 - 48 67 351 Fax: +49 (0) 71 41 - 48 67 108 E-Mail: falk.sorge@usu.com

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Language: English Company: USU Software AG Spitalhof 71696 M?glingen

Germany Phone: +49 (0)7141 4867-0 Fax: +49 (0)7141 4867-200 E-mail: info@usu-software.de Internet: www.usu-software.de ISIN: DE000A0BVU28 WKN: A0BVU2 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1250022 ? End of News DGAP News Service

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