EANS-News: USU Software AG announces figures for third quarter and first nine months of 2010: USU exceeds previous year´s sales and earnings

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quarterly report

Möglingen, November 18, 2010 (euro adhoc) - With a successful third quarter, USU
Software AG (ISIN DE000A0BVU28) has continued the positive growth trend of
previous years from a nine-month perspective as well. Consolidated sales
increased by 21.1% to EUR 9,861 thousand (Q3 2009: EUR 8,145 thousand) and
EBITDA doubled to EUR 1,111 thousand (Q3 2009: EUR 547 thousand), meaning that
USU significantly exceeded its previous year´s figures in the third quarter. In
addition to a noticeable improvement in companies´ willingness to invest, the
internationalization of the USU Group and the majority takeover of Aspera GmbH
also contributed to this success. In the first nine months of 2010, USU
generated a 1.1% increase in sales to EUR 25,088 thousand (Q1-Q3 2009: EUR
24,825 thousand) and a 3.8% rise in EBITDA to EUR 1,411 thousand (Q1-Q3 2009:
EUR 1,359 thousand). For 2010 as a whole, the Management Board is confirming its
target of above-average growth in sales and EBITDA and also anticipates a
significant increase in income and operating profitability in 2011.

USU generates substantial increase in sales and earnings in third quarter of
2010

As expected, USU Software AG posted a noticeable improvement in its operating
performance in the third quarter of 2010, resulting from companies´ increased
willingness to invest. Accordingly, USU generated a 21.1% increase in
consolidated sales to EUR 9,861 thousand in the quarter under review (Q3 2009:
EUR 8,145 thousand). USU benefited here both from the expansion of organic
business and from the majority takeover of Aspera GmbH, Aachen ("Aspera"). With
the Product Business assigned to newly acquired Aspera, the USU Group generated
a 24.0% rise in sales to EUR 6,767 thousand (Q3 2009: EUR 5,458 thousand), while
Service Business climbed 15.0% to EUR 3,083 thousand (Q3 2009: EUR 2,681
thousand). Revenues not assigned to segments amounted to EUR 11 thousand in the
third quarter of 2010 (Q3 2009: EUR 6 thousand).

As a result of the business expansion, the USU Group doubled its
EBITDA to EUR 1,111 thousand in the third quarter of 2010 as against
the same quarter of the previous year (Q3 2009: EUR 547 thousand).
EBIT also saw strong growth of 270%, amounting to EUR 676 thousand
(Q3 2009: EUR 272 thousand). In the third quarter of fiscal year
2010, net income for the period totaled EUR 580 thousand (Q3 2009:
EUR 273 thousand), equivalent to double the figure in the third
quarter of 2009. Earnings per share thus amounted to EUR 0.06 (Q3
2009: EUR 0.03).

USU achieves previous year´s growth trend from a nine-month
perspective as well

After a modest start to the first half of 2010 due to project
postponements and reduced willingness to invest on the part of
companies, there was a noticeable improvement in incoming orders
starting from the end of the second quarter of 2010. Accordingly, the
strong third quarter of 2010 led to a 1.1% increase in consolidated
sales in the first nine months to EUR 25,088 thousand (Q1-Q3 2009:
EUR 24,825 thousand). In the Product Business segment, the USU Group
generated sales of EUR 16,829 thousand, up 3.1% on the previous year
(Q1-Q3 2009: EUR 16,324 thousand). In the consulting-based Service
Business segment, however, sales of EUR 8,240 thousand (Q1-Q3 2009:
EUR 8,478 thousand) were still 2.8% lower than the previous year´s
figure. Sales not assigned to segments amounted to EUR 19 thousand in
the first nine months of fiscal year 2010 (Q1-Q3 2009: EUR 23
thousand). The USU Group´s consolidated sales outside Germany rose to
EUR 1,941 thousand in the period under review (Q1-Q3 2009: EUR 1,769
thousand), an increase of 9.7%. The share of Group sales generated
outside Germany thus amounted to 7.7% (Q1-Q3 2009: 7.1%).

USU increases operating earnings (EBITDA)

As a result of the rise in sales together with an only moderate
increase in the operating cost base by 1.2% to EUR 24,019 thousand
(Q1-Q3 2009: EUR 23,729 thousand), USU exceeded its previous year´s
operating earnings (EBITDA) by 3.8%, generating EUR 1,411 thousand in
the period from January to September 2010 (Q1-Q3 2009: EUR 1,359
thousand). The increase in depreciation and amortization to EUR 986
thousand (Q1-Q3 2009: EUR 815 thousand) in connection with the
purchase of Aspera led to a decline in EBIT of roughly a quarter to
EUR 425 thousand (Q1-Q3 2009: EUR 544 thousand) and net income for
the period of EUR 437 thousand (Q1-Q3 2009: EUR 668 thousand),
corresponding to earnings per share of EUR 0.04 (Q1-Q3/2009: EUR
0.07).

USU maintains solid financing

The balance sheet structure as of September 30, 2010 was
significantly influenced by the majority takeover of Aspera GmbH. On
the assets side of the balance sheet, non-current assets amounted to
EUR 44,009 thousand as of the end of the third quarter of 2010
(December 31, 2009: EUR 34,104 thousand), primarily due to the
increase in goodwill and in intangible assets. Current assets
decreased to EUR 18,384 thousand as of the end of the third quarter
of 2010 (December 31, 2009: EUR 19,426 thousand), chiefly as a result
of the purchase price payment as consideration for the majority
acquisition of Aspera and the dividend payment to the shareholders of
USU Software AG. Cash and cash equivalents including securities thus
decreased to a total of EUR 7,749 thousand (December 31, 2009: EUR
10,888 thousand). On the equity and liabilities side, current and
non-current liabilities amounted to EUR 17,572 thousand as of
September 30, 2010 (December 31, 2009: EUR 7,649 thousand). This rise
primarily results from increased financial liabilities for the
purchase price payment as consideration for the remaining Aspera
shares. Among other things, USU holds a call option for the
acquisition of the remaining 49% stake of Aspera that can be
exercised at any time and entails an obligation to fully consolidate
this company in the consolidated financial statements of USU Software
AG. Equity decreased to EUR 44,821 thousand (December 31, 2009: EUR
45,881 thousand) as against the balance sheet date of December 31,
2009 due to the dividend payment in the third quarter of 2010. Based
on total assets of EUR 62,393 thousand (December 31, 2009: EUR 53,530
thousand), the equity ratio amounted to 71.8% as of September 30,
2010 (December 31, 2009: 85.7%).

USU confirms outlook for 2010 and also anticipates significant growth
in 2011

Following the successful third quarter of 2010, the Management Board
also expects a significant improvement in USU´s business performance
in the traditionally very strong final quarter. The year-on-year
increase of a third in terms of Group-wide orders on hand to EUR
16,599 thousand (September 30, 2009: EUR 12,476 thousand) is a major
indication of this. Primarily due to the expansion of high-margin
Product Business, USU expects to considerably increase its
profitability in the last three months of the current fiscal year as
against the fourth quarter of 2009. This expectation is based on the
new, customer-related product developments of the USU Group that were
recently launched on the market. In addition, the Management Board
anticipates an expansion of international business as a result of the
extensive partner and sales activities in the past months. In the
consulting-intensive Service Business, the Management Board also
anticipates a positive business development following the recent
successes. USU will also generate additional sales and earnings
growth from the new Group subsidiary Aspera. Following the
recognition in profit or loss of the incidental cost of acquisition
in the third quarter of 2010, Aspera will contribute to profits for
the first time in the final quarter. For 2010 as a whole, the
Management Board is confirming its forecast of generating sales
growth higher than the IT market average and achieving an increase in
EBITDA stronger than the increase in sales. In the coming year, newly
acquired Aspera is expected to contribute to a further significant
rise in sales and earnings in addition to organic growth from
international partner business.

The complete nine-month report for 2010 is available for download on
the USU Software AG website at www.usu-software.de. Further
information will be presented by the Management Board of the company
at the analyst and investor conference "German Equity Forum Fall
2010" on November 22, 2010 at 1:30 pm at the Congress Center Messe
Frankfurt, Room Milan (Ludwig-Erhard-Anlage 1, 60327 Frankfurt/Main).

This company release can be accessed at http://www.usu-software.de.

USU - The Knowledge Business Company

USU Software AG and the Group offer forward-looking application
solutions, products and consulting for knowledge business. For
example, Valuemation. With this product, our customers can gain a
comprehensive overview of their IT processes and infrastructure,
allowing them to transparently show, calculate and actively manage
their IT costs. More then 500 customers use this product family to
manage more than 30 million IT assets. For example, KnowledgeMiner.
As an integrated research and navigation system or as a portal
solution, we use this technology to activate all the knowledge within
an organization. Call and service centers handle over 10,000
individual problems and inquiries with it every single day.
Specialist areas such as quality assurance, production and sales
accelerate their core processes and thereby enhance their quality.
Our ability to form industry knowledge, technological expertise and
user requirements into integrated software systems has been winning
over our customers for more than two decades. Long-standing
partnerships connect USU to market leaders in all areas of the
economy. USU Software AG is listed on the Prime Standard of Deutsche
Börse under ISIN DE000A0BVU28.

Contact:

USU Software AG USU Software AG
Investor Relations Corporate Communications
Falk Sorge Dr. Thomas Gerick
Tel.: +49 (0) 71 41 - 48 67 351 Tel.: +49 (0) 71 41 - 48 67 440
Fax: +49 (0) 71 41 - 48 67 108 Fax: +49 (0) 71 41 - 48 67 909
E-mail: f.sorge@usu-software.de E-mail: 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:

USU Software AG

Investor Relations

Falk Sorge

Spitalhof

D-71696 Möglingen

Tel.: +49 (0) 71 41 - 48 67 351

Fax: +49 (0) 71 41 - 48 67 108

E-Mail: f.sorge@usu-software.de

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