EANS-News: USU Software AG: Positive growth trend continuing despite targeted future investments

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Financial Figures/Balance Sheet/Earnings/quarterly report/9-month
report

Möglingen, November 9, 2012 (euro adhoc) - -

- Sales up 15% to EUR 36.9 million
- International sales grow by 89% to EUR 6.0 million
- Targeted investments in sales partnership with CA and workforce
expansion
- Adjusted EBIT rises 17% year-on-year to EUR 4.5 million
- Corporate planning for 2012 confirmed

USU Software AG ("USU") today announced its figures for the first
nine months of 2012. In the reporting period, USU increased its
consolidated sales (IFRS) to EUR 36.9 million (Q1-Q3/2011: EUR 32.0
million), corresponding to a rise of 15% as against the previous
year. International business, to which the newly founded subsidiary
Aspera Technologies Inc. has also contributed since the first quarter
of 2012, expanded by 89% in the first nine months of the current
fiscal year to EUR 6.0 million (Q1-Q3/2011: EUR 3.2 million). The
share of consolidated sales generated internationally therefore rose
from 10% in the previous year to 16% in the period under review, and
was thus still higher than the stated target for 2012 of 15%.

The operating cost base of the USU Group expanded by 17% year-on-year
to EUR 32.9 million (Q1-Q3/2011: EUR 28.2 million), which was due in
part to the targeted headcount increase of 13% to 355 (September 30,
2011: 313) employees. In addition, there were advance investments in
the partnership with CA Technologies ("CA"), one of the biggest
global software groups, with which USU concluded a long-term software
license management partner agreement in the reporting quarter. In
future, CA will globally market the SmartTrack license management
solution from USU's Group subsidiary Aspera together with its service
management product suite, which in the current fiscal year has
necessitated extensive advance investments for the integration of
both partner products. From 2013, the Management Board is
anticipating an annual contribution to earnings in the USU Group from
the license and maintenance income that will result from this of more
than a million euro.

Owing to the extraordinary effect of the final Aspera acquisition in
the first quarter of 2012 and the associated non-recurring expense
for the purchase price adjustment of EUR 1.9 million, EBITDA for the
first nine months of 2012 amounted to EUR 2.7 million (Q1-Q3/2011:
EUR 4.2 million), while unadjusted EBIT totaled EUR 1.4 million
(Q1-Q3/2011: EUR 2.6 million). Mainly as a result of the recognition
of deferred tax assets in connection with the conclusion of the
profit transfer agreement between USU Software AG and Aspera GmbH,
USU generated cumulative tax income of EUR 0.3 million in the first
nine months of 2012 (Q1-Q3/2011: EUR -0.7 million), with the result
that USU generated an unadjusted net result in the reporting period
of EUR 1.5 million (Q1-Q3/2011: EUR 1.8 million). This corresponds to
earnings per share of EUR 0.14 (Q1-Q3/2011: EUR 0.17).

USU's adjusted EBIT (adjusted for extraordinary factors) increased by
17% in the period under review to EUR 4.5 million (Q1-Q3/2011: EUR
3.8 million). Adjusted consolidated earnings rose by 25% as against
the previous year to EUR 3.4 million (Q1-Q3/2011: EUR 2.7 million).
This corresponds to adjusted earnings per share of EUR 0.32
(Q1-Q3/2011: EUR 0.26).

Following the settlement of the purchase price for the remaining 49%
of shares in Aspera including the pro rata profit distribution
totaling EUR 9.0 million in the second quarter of 2012 and the
payment of the dividend to USU shareholders of EUR 2.1 million in the
reporting quarter, cash and cash equivalents including securities
amounted to EUR 9.6 million as of September 30, 2012 in line with
planning (December 31, 2011: EUR 17.6 million). As a result of the
settlement of the final purchase price liability for Aspera, the
equity ratio climbed to 77% as at September 30, 2012 (December 31,
2011: 71%).

On the basis of the positive business performance in the first nine
months of the current year and regardless of the additional
investments, the Management Board is confirming its sales and
earnings planning for the current fiscal year of consolidated sales
of at least EUR 48 million and adjusted EBIT of between EUR 6.5 and
EUR 7.0 million. It also intends to again allow the company's
shareholders to participate heavily in its success - as per its
dividend policy - in the form of a profit distribution. The
Management Board is also optimistic, on the basis of the forecast
additional income from the partnership with CA and continuing strong
growth in international business, of significantly exceeding the EUR
50 million marker in consolidated sales while further expanding
adjusted EBIT in 2013.

The complete nine-month report for 2012 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 2012" on
November 14, 2012 at 9:45 a.m. at the Congress Center of Messe
Frankfurt, Room Zuerich (Ludwig-Erhard-Anlage 1, 60327
Frankfurt/Main).

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: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
regulated dealing: Stuttgart, regulated dealing/prime standard:
Frankfurt
language: English