Brief: USU Software Q3 Consolidated Net Profit Rises 149.5%

USU Ventures AG

21/11/2019 06:34

Nov 21 (Reuters) - USU SOFTWARE AG  OSPGk.DE :
    * ANNOUNCES FIGURES FOR THIRD QUARTER AND FIRST NINE MONTHS
OF
2019
    * REVENUE AND EARNINGS PLANNING REVISED
    * ADJUSTED NINE-MONTH EBIT UP 58.4%
    * Q3 EBIT IMPROVED BY 51.4% TO EUR 1,849 THOUSAND (Q3 2018:
EUR
1,221 THOUSAND)
    * Q3 CONSOLIDATED NET PROFIT ROSE BY 149.5% FROM EUR 946
THOUSAND
IN SAME QUARTER OF PREVIOUS YEAR TO EUR 2,360 THOUSAND
    * INCREASED ITS EBITDA BY 65.6% FROM EUR 1,922 THOUSAND IN
Q3 OF
2018 TO EUR 3,183 THOUSAND IN Q3 2019
    * REVENUE GROWTH OF 5.9% IN Q3 2019
    * OVER FIRST NINE MONTHS, USU GENERATED REVENUE OF EUR
68,713
THOUSAND (Q1-Q3 2018: EUR 64,278 THOUSAND).
    * ADJUSTED GUIDANCE FOR CONSOLIDATED REVENUES FOR FULL YEAR
2019
TO EUR 93 - 95 MILLION (2018: EUR 90.5 MILLION)
    * CHANGES GUIDANCE FOR ADJUSTED EBIT TO EUR 5 - 8 MILLION
(2018:
EUR 4.1 MILLION)
    * OPERATING MARGIN ON ADJUSTED EBIT IS SET TO INCREASE TO
13-15%
IN NEXT 4 YEARS
    * ASSUMING MEDIUM-TERM AVERAGE ORGANIC REVENUE GROWTH OF 10%
    * WILL CONTINUE TO INCREASE CONSOLIDATED SALES AND
CONSOLIDATED
EARNINGS IN CURRENT YEAR COMPARED TO PREVIOUS YEAR

Source text for Eikon:  ID:nEQ5RndKpa 
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