Brief: USU Software Posts Dividend Proposal For 2019 And Guidance 2020

USU Ventures AG

26/03/2020 06:27

March 26 (Reuters) - USU SOFTWARE AG  OSPGk.DE :
    * ANNOUNCES DIVIDEND PROPOSAL FOR 2019 AND GUIDANCE FOR 2020
    * FY NET PROFIT IN ACCORDANCE WITH GERMAN COMMERCIAL CODE
(HGB) OF
EUR 6,066 THOUSAND IN FISCAL 2019 (2018: EUR 4,318 THOUSAND)
    * ARE PROPOSING A DIVIDEND DISTRIBUTION EQUAL TO PREVIOUS
YEAR'S
LEVEL OF EUR 0.40 PER SHARE FOR FISCAL 2019 (2018: EUR 0.40).
    * ARE PROPOSING A DIVIDEND DISTRIBUTION EQUAL TO PREVIOUS
YEAR'S
LEVEL OF EUR 0.40 PER SHARE FOR FISCAL 2019 (2018: EUR 0.40).
    * IFRS CONSOLIDATED REVENUE OF EUR 95,630 THOUSAND IN FISCAL
2019,
UP 5.7% ON PREVIOUS YEAR
    * ALSO CONFIRMING USU GROUP'S MEDIUM-TERM PLANNING, WHICH
INCLUDES
AVERAGE ORGANIC REVENUE GROWTH OF 10% IN NEXT FEW YEARS AND AN
INCREASE IN OPERATING MARGIN ON ADJUSTED EBIT TO 13%-15% BY
2024.
    * ANTICIPATES POSITIVE ADJUSTED EBIT IN FISCAL 2020 EVEN IN
EVENT
OF A SIGNIFICANT DETERIORATION IN CURRENT SITUATION
    * FORECASTS DO NOT INCLUDE ANY CONSEQUENCES OF GLOBAL
COVID-19
CRISIS
    * FY ADJUSTED EBIT ROSE BY 50.9% YEAR-ON-YEAR TO EUR 6,226
THOUSAND (2018: EUR 4,125 THOUSAND)
    * EXPECTS A FURTHER SIGNIFICANT EXPANSION IN CONSOLIDATED
REVENUE
AND CONSOLIDATED EARNINGS IN CURRENT YEAR BEFORE TAKING INTO
ACCOUNT POTENTIAL IMPACT OF COVID-19 CRISIS

Source text for Eikon:  ID:nEQ8J7TjLa 
Further company coverage:  OSPGk.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))