EANS-Adhoc: USU Software AG announces provisional figures for second quarter of 2011 and raises outlook: Continuing positive sales and earnings trend

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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6-month report

04.08.2011

Möglingen, August 4, 2011 - According to provisional calculations,
USU Software AG (ISIN DE000A0BVU28) has continued the positive growth
trend of previous quarters and generated Group-wide sales growth of
33% to EUR 10.2 million (Q2/2010: EUR 7.7 million) in the second
quarter of 2011. In addition to organic business, the majority
acquisition of Aspera GmbH in the previous year made a key
contribution to this sales increase. As advised, the provisional
calculations of USU Software AG show that it generated a strong rise
in earnings in the Group as a whole. Thus, USU increased its EBITDA
by 713% from EUR 0.2 million in the second quarter of 2010 to EUR 1.3
million in the quarter under review. Accordingly, the EBITDA margin
amounted to 12% (Q2/2010: 2%). EBIT also expanded significantly to
EUR 0.8 million (Q2/2010: EUR -0.1 million). Overall, the USU Group
improved its net profit for the quarter to EUR 0.4 million after
incurring a loss of EUR 0.02 million in the same quarter of the
previous year. USU´s earnings per share rose to EUR 0.04 (Q2/2010:
EUR 0.00).

For the first half of the year, USU Software AG posted a rise in
Group-wide sales of 37% to EUR 20.8 million (Q1-Q2/2010: EUR 15.2
million) according to its provisional figures. USU´s EBITDA increased
eight-fold in the same period to EUR 2.5 million (Q1-Q2/2010: EUR 0.3
million), with the result that its EBITDA margin climbed from 2% in
the first half of 2010 to 12% in the first six months of 2011. Its
EBIT also rose significantly to EUR 1.5 million (Q2/2010: EUR -0.3
million). According to the latest projection, the net profit for the
first six months of fiscal 2011 amounted to EUR 0.8 million
(Q1-Q2/2010: EUR -0.1 million), resulting in earnings per share of
EUR 0.08 (Q1-Q2/2010: EUR -0.01).

Given the extremely positive business development in the first half
of 2011, the Management Board of USU Software AG is raising its
original planning for the current year - of sales growth for the USU
Group of more than 10% (or to more than EUR 41.8 million) and a
strong hike in EBITDA as against sales (or to more than EUR 5.1
million) and further growth in the EBITDA margin of 12% compared to
2010.

The Management Board is now forecast sales for the Group as a whole
of more than EUR 43 million and EBITDA of at least EUR 6 million,
corresponding to an EBITDA margin of 14%. This planning target alone
would mean significant business growth and the highest sales and
earnings figures in the history of USU Software AG. The sales and
earnings potential beyond this is particularly dependent on the key
fourth quarter of 2011, which in the past has traditionally been the
strongest quarter in the fiscal year. If the uncertain financial
factors on the USU Group´s core European market and the global
economic environment stabilize in the coming months, the Management
Board is anticipating strong ongoing investment propensity among
companies, particularly in the financial services sector, and further
growth effects from this. Under these premises, the Management Board
is also forecasting a positive business performance for 2012 and is
thus confirming its planning for 2012 of sales growth of more than
10% and a strong rise in EBITDA relative to sales.

end of ad-hoc-announcement ==========================================
====================================== The Management Board will
publish the final figures for the second quarter and the first half
of 2011 and the full half-year report 2011 on August 18, 2011.

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

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

end of announcement euro adhoc
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issuer: USU Software AG
Spitalhof
D-71696 Möglingen
phone: +49 (0)7141 4867 0
FAX: +49 (0)7141 4867 20
mail: investor@usu-software.de
WWW: http://www.usu-software.de
sector: Software
ISIN: DE000A0BVU28
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Düsseldorf, Hannover, München, regulated dealing:
Stuttgart
language: English