Brief: USU Group Q1 Consolidated Net Loss Turns To Profit Of EUR 1.6 Million

USU Ventures AG

26/05/2020 08:02

May 26 (Reuters) - USU SOFTWARE AG  OSPGk.DE :
    * GENERATES STRONG SALES GROWTH AND EVEN HIGHER INCREASE IN
PROFIT
IN FIRST QUARTER OF 2020
    * FIRST-QUARTER EARNINGS: ADJUSTED EBIT INCREASED BY A
FACTOR OF
TWELVE YEAR-ON-YEAR TO EUR 2 MILLION
    * SALES GROWTH OF 19.3% TO EUR 26.2 MILLION
    * FORECAST ANTICIPATES FURTHER GROWTH
    * Q1 SALES BY 19.3% TO EUR 26.2 MILLION (Q1 2019: EUR 22.0
MILLION)
    * Q1 EBITDA THUS TRIPLED AS AGAINST PREVIOUS YEAR TO EUR 3.1
MILLION (Q1 2019: EUR 1.0 MILLION)
    * Q1 CONSOLIDATED NET INCOME IMPROVED TO EUR 1.6 MILLION IN
REPORTING PERIOD, AFTER A QUARTERLY LOSS OF EUR -0.6 MILLION IN
Q1 OF 2019

Source text for Eikon:  ID:nEQ7dXpX3a 
Further company coverage:  OSPGk.DE 

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