Brief: USU Software Q2 EBITDA Up At EUR 3.0 Mln

USU Ventures AG

31/08/2020 08:03

Aug 31 (Reuters) - USU SOFTWARE AG  OSPGk.DE :
    * SALES AND EARNINGS PLANNING CONFIRMED
    * INCREASED ITS CONSOLIDATED SALES (IFRS) BY 13.0%
YEAR-ON-YEAR TO
EUR 25.9 MILLION IN Q2 OF 2020 (Q2 2019: EUR 22.9 MILLION)
    * AFTER INTEREST AND TAXES, NET PROFIT FOR Q2 CAME TO EUR
1.5
MILLION AFTER A QUARTERLY LOSS OF EUR 0.3 MILLION IN PREVIOUS
YEAR
    * Q2 EBITDA UP BY ALMOST A FACTOR OF SIX YEAR-ON-YEAR TO EUR
3.0
MILLION IN REPORTING QUARTER (Q2 2019: EUR 0.5 MILLION)
    * DUE TO UNCERTAINTY OVER DURATION AND DEVELOPMENT OF
COVID-19
PANDEMIC, IT IS NOT CURRENTLY POSSIBLE TO MAKE A RELIABLE AND
REALISTIC PRECISE ESTIMATE OF USU'S FUTURE BUSINESS DEVELOPMENT
    * HOWEVER, MANAGEMENT BOARD ANTICIPATES SALES GROWTH AND
POSITIVE
ADJUSTED EBIT AGAIN IN SECOND HALF OF 2020
    * Q2 EBIT AMOUNTED TO EUR 1.7 MILLION (Q2 2019: EUR 0.2
MILLION)
    * 2020 ONE KEY INDICATOR SUPPORTING THIS FORECAST IS RECORD
LEVEL
OF GROUP-WIDE ORDERS ON HAND, WHICH GREW TO EUR 59.5 MILLION IN
REPORTING QUARTER (JUNE 30, 2019: EUR 54.2 MILLION)
    * IS ALSO CONFIRMING USU GROUP'S MEDIUM-TERM PLANNING, WHICH
INCLUDES AVERAGE ORGANIC SALES GROWTH OF 10% IN NEXT FEW YEARS
AND AN INCREASE IN OPERATING MARGIN ON ADJUSTED EBIT TO BETWEEN
13% AND 15% BY 2024

Source text for Eikon:  ID:nEQ5XwsVha 
Further company coverage:  OSPGk.DE 

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