EANS-News: USU Software AG / USU generates sales growth and increases earnings significantly

• Sales climb by 4.3%

• EBITDA up significantly by 45.7%

• Solid financing with equity ratio of 86.4%

• Sustainable sales and earnings growth planned

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Earnings/quarterly report/9-month report/9-month figures 2009

Subtitle:
• Sales climb by 4.3%
• EBITDA up significantly by 45.7%
• Solid financing with equity ratio of 86.4%
• Sustainable sales and earnings growth planned

Möglingen (Germany), November 9, 2009 (euro adhoc) - Bucking the
worst economic recession in decades, USU Software AG has enjoyed a
consistently successful performance in the first nine months of 2009.
In his presentation on the Company to the German Equity Forum in the
fall of 2009, the Chairman of the Management Board, Bernhard
Oberschmidt, expounded the business figures for the first nine
months. USU's consolidated sales rose by 4.3% year-on-year in line
with planning to EUR 24.8 million (Q1-Q3/2008: EUR 23.8 million). At
the same time, the Company significantly increased its earnings power
with a rise in operating earnings before interests and taxes (EBITDA)
of 45.7% to EUR 1.4 million (Q1-Q3/2008: EUR 0.9 million). There was
also an above-average improvement in EBIT, which was up from EUR 42
thousand in the previous year to EUR 0.5 million in the reporting
period. The net profit for the period ultimately climbed by 80.5% as
against the previous year to EUR 0.7 million (Q1-Q3/2008: EUR 0.4
million). The Management Board has confirmed the planning for the
year as a whole of generating sales growth in excess of the average
for its relevant market segments as forecast. Operating EBITDA is
also expected to rise strongly compared to sales.

Sales climb by 4.3% While the economy as a whole and the IT sector
have suffered a heavy drop in sales, USU Software AG increased its
consolidated sales by 4.3% year-on-year to EUR 24.8 million in the
first nine months of fiscal 2009 (Q1-Q3/2008: EUR 23.8 million). A
key part of this positive sales development was accounted for by
consulting business, which improved by 7.6% to EUR 15.5 million
(Q1-Q3/2008: EUR 14.4 million). As a result of the healthy
performance in license business in the previous year, maintenance
business also experienced an above-average rise of 7.0% to EUR 5.3
million (Q1-Q3/2008: EUR 4.9 million). By contrast, software license
sales in the reporting period were down 16.1% on the very strong
previous year, amounting to EUR 3.2 million (Q1-Q3/2008: EUR 3.8
million). Other income in the first three quarters of 2009 totaled
EUR 0.8 million (Q1-Q3/2008: EUR 0.6 million), primarily relating to
merchandise sales. The USU Group´s sales generated outside Germany
amounted to EUR 1.8 million (Q1-Q3/2008: EUR 1.6 thousand) in the
period under review, accounting for 7.1% (Q1-Q3/2008: 6.9%) of
consolidated sales. USU is anticipating tangible success in this
field from the fourth quarter of 2009 on account of the significant
expansion of activities in international partner business.

EBITDA up significantly by 45.7% Regardless of more intensive
overseas and partner activities as part of its strategy of
internationalization and the targeted investments in the ongoing
development of Group products, USU increased its EBITDA in the
reporting period by 45.7% to EUR 1.4 million (Q1-Q3/2008: EUR 0.9
million). There was also an above-average improvement in EBIT, which
was up from EUR 42 thousand in the previous year to EUR 0.5 million
in the first nine months of fiscal 2009. With a consolidated net
profit of EUR 0.7 million (Q1-Q3/2008: EUR 0.4 million), the USU
Group continued its positive income development and increased its net
profit for the period by 80.5% as against the previous year. Earnings
per share rose accordingly to EUR 0.07 (Q1-Q3/2008: EUR 0.04).

Solid financing with equity ratio of 86.4% The Group´s liquidity
amounted to EUR 8.1 million as of September 30, 2009 (December 31,
2008: EUR 9.5 million). The reported decline in cash and cash
equivalents was due to the final earn-out payment of EUR 0.9 million
for LeuTek GmbH, which was acquired in 2006, and the dividend payment
of EUR 1.5 million to the shareholders of USU Software AG. The
dividend distribution also reduced the Company´s equity to EUR 45.2
million (December 31, 2008: EUR 45.9 million). At the same time, USU
scaled back its debt capital as of the end of the third quarter of
2009 to EUR 7.1 million (December 31, 2008: EUR 8.2 million). There
were also no liabilities to banks as of the end of the third quarter
of 2009. Thus, USU's financing situation is still extremely solid.
With total assets of EUR 52.3 million (December 31, 2008: EUR 54.2
million), the equity ratio was 86.4% as of September 30, 2009
(December 31, 2008: 84.8%).

Sustainable sales and earnings growth planned With the successful
business performance in the first nine months of the current fiscal
year as a basis, the Management Board expects, as forecast, to
generate sales growth in excess of the average for the relevant
market segments for the year as a whole. Operating EBITDA is also
expected to rise strongly compared to sales. In particular, visible
growth contributions are expected to result from international
partner business from the fourth quarter 2009. The Company gained
several international sales partners with which it has already
performed a number of product training sessions and events for
potential customers as of the end of the third quarter of 2009. Thus,
by 2010, the international share of consolidated sales, which will
primarily consist of partner sales from license and maintenance
business, will almost double. The Company is therefore investing
specifically in increasing its internationalism 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, thereby establishing a foundation on which 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 announcement is available at http://www.usu-software.com

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.

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