Brief: USU Software AG Says Qtrly Consolidated Sales Increased By 2.8% To EUR 31.6 Mln

USU Ventures AG

23/08/2023 20:15

Aug 23 (Reuters) - Usu Software Ag  OSPGk.DE :
    * EQS-ADHOC: USU SOFTWARE AG ANNOUNCES PROVISIONAL FIGURES
FOR Q2
2023 AND NEW GUIDANCE
    * USU GROUP INCREASED ITS CONSOLIDATED SALES BY 2.8%
YEAR-ON-YEAR
IN Q2 OF 2023 TO EUR 31.6 MILLION (Q2 2022: EUR 30.7 MILLION)
    * USU NOW EXPECTS SALES GROWTH TO EUR 132 - 139 MILLION IN
2023 AS
A WHOLE (PREVIOUSLY: EUR 134 -139 MILLION)
    * EBITDA FELL BY 43.7% IN REPORTING QUARTER TO EUR 2.1
MILLION
    * SEES FY 2023 EBITDA OF EUR 13 - 15 MILLION (PREVIOUSLY:
EUR 16.5
-18.0 MILLION)
    * QTRLY EBIT DECREASED BY ABOUT TWO THIRDS TO EUR 0.9
MILLION (Q2
2022: EUR 2.6 MILLION)
    * SEES INCREASE IN EBITDA MARGIN TO BETWEEN 17% AND 19% BY
2026

Source text for Eikon:  ID:nEQ3QyXWta 
Further company coverage:  OSPGk.DE 

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