EANS-News: USU Software AG continues positive growth trend in Q3 2011 and forecasts best result in company history for year as whole

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Earnings/quarterly report/9-month report

Möglingen (euro adhoc) - November 17, 2011 - USU Software AG (ISIN
DE000A0BVU28) is still on track for record results in the current
fiscal year. According to the figures published today for the third
quarter and the first nine months of 2011, the positive growth trend
has continued with significant increases in sales and earnings as
against the previous year. USU benefited from both its new
proprietary products and acquisitions as well as persistently strong
growth in international business. Thanks to the extremely positive
business performance in the first nine months of this fiscal year and
the current sales forecasts for the final quarter, the Management
Board is anticipating consolidated sales of more than EUR 43 million
and operating earnings (EBITDA) of at least EUR 6 million. This will
mark a new record for sales and earnings in the history of USU
Software AG. With its high liquidity and equity ratio, USU is still
excellently positioned to selectively take advantage of future growth
options to continue moving the entire Group forwards.

Significant sales increase and strong earnings growth in Q3 2011

USU Software AG continued the positive growth trend of the previous
quarters of 2011 in the third as well, generating a sales increase of
13.7% year-on-year to EUR 11.21 million (Q3 2010: EUR 9.86 million).
This essentially resulted from organic business. The Swiss subsidiary
get IT Services GmbH, acquired and included in consolidation at the
end of July and now operating as USU Consulting GmbH, contributed EUR
0.10 million to consolidated sales for the first time. In terms of
earnings, USU increased its profitability strongly in proportion to
sales in the third quarter of 2011 as well. EBITDA climbed from EUR
1.11 million in the previous year to EUR 1.69 million in the
reporting quarter, soaring by 52.1%. At 15.1% (Q3 2010: 11.3%), the
EBITDA margin has already exceeded the medium-term target of 15% in
the reporting quarter. The USU Group´s EBIT also improved
significantly by 73.1% to EUR 1.17 million (Q3 2010: EUR 0.68
million). USU increased its net profit for the quarter by 66.0% as
against the same quarter of the previous year to EUR 0.96 million (Q3
2010: EUR 0.58 million). Accordingly, earnings per share amounted to
EUR 0.09 (Q3 2010: EUR 0.06).

Proprietary new products and acquisitions elevate software business

Over the first nine months, USU generated sales growth of 27.6%
year-on-year from EUR 25.09 million in the first three quarters of
2010 to EUR 32.01 million. In license business, which grew strongly
by 53.1% to EUR 4.06 million (Q1-Q3 2010: EUR 2.65 million), USU
profited from both the license proceeds of its newly launched
proprietary software products Valuemation 4 and KnowledgeCenter 5 and
the additional income from software licenses of Aspera GmbH, which
was acquired last year. In the same period, USU increased its
maintenance income by 29.1% to EUR 7.82 million (Q1-Q3 2010: EUR 6.06
million) and its sales from consulting services by 25.4% to EUR 19.00
million (Q1-Q3 2010: EUR 15.15 million). Other income amounted to a
total of EUR 1.14 million in the first nine months of fiscal 2011
(Q1-Q3 2010: EUR 1.23 million). This resulted in particular from
merchandise sales of third-party hardware and software for projects,
in turn arising from customer orders for end-to-end solutions as
Power Management of LeuTek.

Ongoing positive performance in partner-based international business

In its international business, which results from the comprehensive
partner and sales activities of recent years, the USU Group generated
strong growth in consolidated sales generated outside Germany in the
first nine months of 2011 of 63.4% as against the previous year to
EUR 3.17 million (Q1-Q3 2011: EUR 1.94 million). The share of
consolidated sales generated outside Germany therefore rose to 9.9%
after 7.7% in the first three quarters of the previous year.

Triple EBITDA and quadruple net profit for the period

With an EBITDA increase of 194.9% as against the previous year to EUR
4.16 million (Q1-Q3 2010: EUR 1.41 million), the USU Group virtually
tripled the profitability resulting from its original software and IT
service business in the reporting period. In line with this, USU
boosted its EBITDA margin from 5.6% in the first nine months of 2010
to 13.0% in the first nine months of 2011. USU´s EBIT also surged
significantly year-on-year by 520.0% to EUR 2.64 million (Q1-Q3 2010:
EUR 0.43 million). In total, the USU Group generated a net profit for
the first nine months of the current fiscal year of EUR 1.78 million
(Q1-Q3 2010: EUR 0.44 million) - quadrupling the figure for the same
period of the previous year. Earnings per share rose accordingly from
EUR 0.04 in the first three quarters of 2010 to currently EUR 0.17.

Financing remains solid with high Group liquidity and equity ratio

As a result of the substantial year-on-year increase in earnings, the
USU Group´s cash flow from operating activities climbed considerably
from EUR 0.96 million in the first nine months of 2010 to EUR 4.08
million in the same period of 2011. Accordingly, USU increased the
Group´s liquidity in the form of cash and cash equivalents including
securities to a total of EUR 12.06 million (December 31, 2010: EUR
11.06 million) in spite of the payment of the dividend to the
shareholders of USU Software AG. By contrast, after the profit
distribution to USU shareholders, equity was down slightly on the
comparative figure as of the end of fiscal 2010 at EUR 48.19 million
(December 31, 2010: EUR 48.49 million). With total assets of EUR
68.00 million (December 31, 2010: EUR 66.88 million), the equity
ratio was 70.9% as of September 30, 2011 (December 31, 2010: 72.5%).

Management Board forecasting further record in revenues and earnings

Thanks to the extremely positive business performance in the first
nine months of this fiscal year, the high level of orders on hand of
EUR 20.10 million (September 30, 2010: EUR 16.60 million) as of the
end of the third quarter and the current sales forecast for the final
quarter, the Management Board expects to successfully implement the
guidance it raised on the publication of its half-year figures for
2011 of consolidated sales of more than EUR 43 million and operating
earnings (EBITDA) for the Group as a whole of at least EUR 6 million,
thereby setting a new record for sales and earnings in the history of
USU Software AG. If the uncertain financial factors on the USU
Group´s core European market are resolved and the economic
environment stabilizes in the coming months, the Management Board is
anticipating a strong, lasting investment propensity among companies,
particularly in the financial services sector, and further growth
effects from this in 2012 as well. The Management Board is therefore
planning to enable the shareholders of USU Software AG to participate
significantly in the company´s business success in 2011 and beyond,
and to continue the shareholder-friendly dividend policy established
in previous years.

The complete nine-month report for 2011 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 2011" on
November 21, 2011 at 4:30 pm at the Congress Center of Messe
Frankfurt, Room Milan (Ludwig-Erhard-Anlage 1, 60327 Frankfurt/Main).

USU Software AG

The USU Group is Europe´s largest provider of IT Management and
Knowledge Management software. Market leaders from every sector of
the international economy create transparency with USU applications,
while also increasing flexibility, decreasing risks and cutting
costs. In addition to USU AG (founded in 1977), the subsidiaries
Aspera GmbH, LeuTek GmbH, OMEGA Software GmbH and USU Consulting GmbH
belong to USU Software AG (ISIN DE 000A0BVU28), which is listed in
the Prime Segment of the German Stock Exchange (DAX) in Frankfurt and
on the German Entrepreneurial Index (GEX). With its Valuemation®
product line, USU offers a top-quality portfolio for knowledge-based
service management, the merits of which have been recognized by
leading market analysts around the world - all from one single,
reliable source. What's more, this modular suite also fully supports
the industry standard ITIL®. The USU Group's products in this sector
are complemented and enhanced with the SmartTrack license management
solution from Aspera GmbH, the ZIS product family for systems
management from LeuTek GmbH as well as the myCMDB software from OMEGA
Software GmbH. USU Consulting offers top-notch strategy consulting
for IT service management. With KnowledgeCenter technology, customers
can activate and leverage all the knowledge resources within their
organizations. This system application bundles all the various
communications and information channels on one central platform. With
the support of intelligent knowledge bases from USU, call and service
centers provide accurate, individualized answers to over 25 million
inquiries per year. By developing and maintaining complex,
customer-specific applications, USU experts can combine
user-requested features, sector-specific knowledge and technological
expertise to create individual, customized solutions. Achieving
process and system integration and implementing knowledge portals and
employee portals are some of USU´s other well-established and proven
core competencies.

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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company: 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