EANS-News: USU Software AG / USU increases sales and earnings in first half of 2009

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6-month report

Möglingen (euro adhoc) - USU increases sales and earnings in first
half of 2009

• Sales growth in line with planning
• Significant increase in earnings power
• Strong Group liquidity and extremely solid financing
• Management Board reaffirms outlook and shareholder-friendly
dividend policy

Möglingen (Germany), August 20, 2009 - USU Software AG (ISIN
DE000A0VU28) enjoyed an extremely successful business performance in
the first six months of fiscal 2009. Consolidated sales rose by 6.4%
to EUR 16,680 thousand (H1 2008: EUR 15,674 thousand) and net profit
for the period ballooned by 53.1% to EUR 395 thousand (H1 2008: EUR
258 thousand). The Company also improved its EBITDA by 6.3% to EUR
812 thousand (H1 2008: EUR 764 thousand) while EBIT soared by 56.3%
to EUR 272 thousand (H1 2008: EUR 174 thousand). Assuming that
economic developments continue to stabilize, the Management Board is
anticipating further improvements in sales and earnings in the
traditionally stronger second half of the year. As forecast, the USU
Group is expected to generate sales growth in excess of the average
for its relevant market segments over the year as a whole. EBITDA
should also rise significantly on the previous year.

Sales growth in line with planning - In spite of the current economic
and financial market crisis, USU Software AG saw a rise in
consolidated sales of 6.4% in the first half of fiscal 2009 to EUR
16,680 thousand (H1 2008: EUR 15,674 thousand). While consulting
business picked up by 12.4% to EUR 10,747 thousand (H1 2008: EUR
9,561 thousand) and maintenance business rose by 8.3% to EUR 3,480
thousand (H1 2008: EUR 3,213 thousand), license business was down
19.0% year-on-year at EUR 1,993 thousand (H1 2008: EUR 2,462
thousand) after a very strong second quarter in 2008 when several
major individual orders were posted. Other income amounted to EUR 460
thousand in the first two quarters of 2009 (H1 2008: EUR 439
thousand) and essentially related to merchandise. As a result of the
positive ongoing order development, orders on hand rose slightly to
EUR 12,877 thousand as of June 30, 2009 (June 30, 2008: EUR 12,877
thousand) despite the significant upturn in consulting and
maintenance revenue.

Significant increase in earnings power - With a surge in net profit
for the period of 53.1% as against the previous year to EUR 395
thousand (H1 2008: EUR 258 thousand), the USU Group also continued
its positive earnings performance in the first half of 2009.
Accordingly, earnings per share amounted to EUR 0.04 (H1 2008: EUR
0.03) based on an average number of 10,021,054 (H1 2008: 10,276,126)
shares. Despite stepping up its activities abroad and with partners
as part of its internationalization strategy and the greater
investments in the ongoing development of Group products, USU
increased its EBITDA to EUR 812 thousand (H1 2008: EUR 764 thousand),
a rise of 6.3%. EBIT rocketed 56.3% to EUR 272 thousand (H1 2008: EUR
174 thousand) as against the same period of the previous year on
account of the positive sales performance, moderate development in
costs and lower write-downs.

Strong Group liquidity and extremely solid financing without
liabilities to banks - Group liquidity amounted to EUR 8,668 thousand
as of June 30, 2009 (December 31, 2008: EUR 9,541 thousand). The
reported decline in cash and cash equivalents resulted from the
dividend payment of EUR 1,503 thousand to USU Software AG
shareholders on June 26, 2009. The dividend distribution also reduced
the Company's equity as against the balance sheet date December 31,
2008 to EUR 44,838 thousand (December 31, 2008: EUR 45,921 thousand).
At the same time, USU lowered its borrowed capital to EUR 7,834
thousand as of the end of the second quarter of 2009 (December 31,
2008: EUR 8,232 thousand). There were no liabilities to banks as of
the end of the second quarter of 2009. Thus, USU's financing
situation is still extremely solid. With total assets of EUR 52,672
thousand (December 31, 2008: EUR 54,153 thousand), the equity ratio
was 85.1% as of June 30, 2009 (December 31, 2008: 84.8%).

Management Board reaffirms outlook and shareholder-friendly dividend
policy - Following a successful business performance in the first
half of 2009 and assuming that economic developments continue to
stabilize, the Management Board is anticipating further improvements
in sales and earnings in the traditionally stronger second half of
the year. As forecast, the USU Group is expected to generate sales
growth in excess of the average for its relevant market segments over
the year as a whole, as USU products for cost transparency in IT and
efficiency enhancements in core processes are still in demand in the
economic and financial crisis. EBITDA should also rise significantly
on the previous year. In addition to continuing strong domestic
business, international partner business is increasingly a key factor
in ongoing business success as well. USU gained several international
sales partners who had their first product training sessions in the
first half of 2009 to be able to post their first sales successes by
the end of the current fiscal year. By 2010, the international share
of consolidated sales, which will primarily consist of partner sales
from license and maintenance business, will rise from currently
around 7% to over 15%. The Company is therefore investing
specifically in expanding its international business and the further
development of Group products to generate sales growth above the
relevant market segment and above-average earnings growth in the
medium to long term. On this basis the Management Board is planning
to continue the shareholder-friendly dividend policy of recent years
to allow the shareholders of USU Software AG to participate in the
business success of the Company as in previous years.

This press release is available at http://www.usu-software.de.

USU - The Knowledge Business Company The USU Software AG offers with
its company network appliances, products and consulting all about
Knowledge Business, aligned for the future. For example Valuemation.
Our clients obtain a broad and complete overview over their IT
processes, IT infrastructure and are able to display their IT costs
transparently, to account and control actively. More than 500 clients
administrate with this product group more than 30 million IT assets.
For example KnowledgeMiner. As an integrated research and navigation
system or portal solution, we activate the complete knowledge of a
single organisation with this technology. Call and service centres
solve more than ten thousand individual problems and requests day for
day, using the technology. Departments like quality assurance,
production or distribution fasten their core processes and improve
their quality. The ability to form branch knowhow, competence of
technology and user demands to an integrated software system, has
been convincing clients for more than two decades in all fields of
the international economy. The USU Software AG (ISIN DE000A0BVU28) is
listed in the Prime Standard of the Frankfurt stock exchange.

Contact:
USU Software AG
Investor Relations
Falk Sorge
Tel.: +49 (0) 71 41 / 48 67 351
Fax: +49 (0) 71 41 / 48 67 108
Email: f.sorge@usu-software.de

USU Software AG
Corporate Communications
Dr. Thomas Gerick
Tel.: +49 (0) 71 41 / 48 67 440
Fax: +49 (0) 71 41 / 48 67 909
Email: t.gerick@usu-software.de

end of announcement euro adhoc
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ots Originaltext: USU Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Falk Sorge

Tel.: +49 (0)7141 4867 351

E-Mail: fsorge@usu.de

Branche: Software
ISIN: DE000A0BVU28
WKN: A0BVU2
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Stuttgart / regulated dealing