Brief: USU Software Q3 EBIT down by 84.9%, FY forecast adjusted

USU Software AG

23/11/2017 08:00

Nov 23 (Reuters) - USU SOFTWARE AG  OSPGk.DE : 
    * ORDERS ON HAND UP BY 13.3% AS OF SEPTEMBER 30, 2017 
    * EBITDA DECLINED BY 59.7% IN Q3 TO EUR 972 THOUSAND (Q3 2016: EUR 2,410 THOUSAND) 
    * Q3 EBIT FELL BY 84.9%, FROM EUR 1,811 THOUSAND IN Q3 OF 2016 TO EUR 274 THOUSAND 
    * CONSOLIDATED GROUP SALES ROSE BY 15.4% IN Q3 OF 2017, TO EUR 20.0 MILLION (Q3 2016: EUR 
17.4 
MILLION) 
    * Q3 NET PROFIT DROPPED FROM EUR 1,661 THOUSAND IN PRIOR-YEAR QUARTER TO EUR 20 THOUSAND 
    * EXPECTS POSITIVE DEVELOPMENT RECORDED IN RECENT YEARS TO CONTINUE IN 2017 AS A WHOLE 
    * NOW SEES INCREASE IN FY CONSOLIDATED SALES TO BETWEEN EUR 83 AND EUR 86 MILLION (2016: 
EUR 72.1 
MILLION) 
    * REDUCED EARNINGS TARGET FOR 2017 
    * ADJUSTED EBIT IN 2017 IS NOW PLANNED TO COME IN AT BETWEEN EUR 6 AND EUR 8 MILLION (2016: 
EUR 
9.6 MILLION) 
    *  IS PLANNING TO CONTINUE SHAREHOLDER-FRIENDLY DIVIDEND POLICY IN INTERESTS OF SUSTAINED 
CONTINUITY 
    * DUE TO DELAYED GROWTH PHASE IN KEY INVESTMENT MARKETS, MEDIUM-TERM FORECAST PUSHED BACK 
UNTIL 
2021 
    * MEDIUM-TERM FORECAST OF EUR 140 MILLION IN CONSOLIDATED SALES AND AN ADJUSTED EBIT OF EUR 
20 
MILLION 
 
Source text for Eikon:  ID:nEQ6v1tma  
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