Brief: USU Software Q3 EBITDA Down At EUR 2.2 Mln

USU Ventures AG

16/11/2020 08:08

Nov 16 (Reuters) - USU SOFTWARE AG  OSPGk.DE :
    * SALES AND EARNINGS PLANNING CONFIRMED
    * SALES GROWTH OF 8.1% IN Q3 2020
    * Q3 EBITDA FELL BY APPROXIMATELY A THIRD YEAR-ON-YEAR TO
EUR 2.2
MILLION IN REPORTING QUARTER (Q3 2019: EUR 3.2 MILLION)
    * Q3 EBIT ADJUSTED FOR EXTRAORDINARY EFFECTS OF ACQUISITIONS
(ADJUSTED EBIT) WAS DOWN 41.0% YEAR-ON-YEAR AT EUR 1.3 MILLION
(Q3 2019: EUR 2.2 MILLION)
    * INCREASED Q3 CONSULTING REVENUES BY AN ABOVE-AVERAGE 20.6%
YEAR-OVER-YEAR TO EUR 15.0 MILLION (Q3 2019: EUR 12.4 MILLION)
    * CONFIRMING MEDIUM-TERM PLANNING, WHICH INCLUDES AVERAGE
ORGANIC
SALES GROWTH OF 10% IN NEXT FEW YEARS AND INCREASE IN OPERATING
MARGIN ON ADJUSTED EBIT TO BETWEEN 13% AND 15% BY 2024

Source text for Eikon:  ID:nEQ3hgbCsa 
Further company coverage:  OSPGk.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))