23.08.2023 USU Software AG  DE000A0BVU28

EQS-Adhoc: USU Software AG announces provisional figures for Q2 2023 and new guidance


EQS-Ad-hoc: USU Software AG / Key word(s): Preliminary Results/Change in Forecast
USU Software AG announces provisional figures for Q2 2023 and new guidance

23-Aug-2023 / 21:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Preliminary calculations show that USU Software AG and its subsidiaries (hereinafter also referred to as the “USU Group” or “USU”) generated further growth in the second quarter of 2023 despite the strategic transition from one-time license business to software-as-a-service (SaaS) business. However, earnings declined temporarily due to the higher share of new customers attributable to SaaS and a perceptible reluctance to invest on the part of interested parties on account of the economic situation.
The USU Group increased its consolidated sales by 2.8% year-on-year in the second quarter of 2023 to EUR 31.6 million (Q2 2022: EUR 30.7 million). Positive factors included record orders on hand and higher SaaS revenue in connection with this, which climbed by 25.1% year on year to EUR 4.2 million (Q2 2022: EUR 3.4 million). At the same time, however, the USU Group’s license business declined by about three quarters in the reporting quarter to EUR 0.8 million after enjoying significant growth in the previous year (Q2 2022: EUR 3.2 million). Consulting revenues increased by 13.8% year-on-year to 19.7 million euros (Q2/2022: 17.3 million euros).  
The decline in high-margin license revenue and a simultaneous rise in costs due to investment projects in the area of artificial intelligence, in the market for cloud management and in the new central product platform, caused EBITDA to fall by 43.7% in the reporting quarter to EUR 2.1 million, according to provisional figures (Q2 2022: EUR 3.8 million), with EBIT also decreasing by about two thirds to EUR 0.9 million (Q2 2022: EUR 2.6 million).
On a positive note, demand for USU products and solutions remains high and only longer sales cycles in license business are reflected in the USU Group’s earnings. Although it is not yet possible to accurately predict the timing of investment decisions by potential new customers and the related decision to choose a one-time license or an SaaS project, the Management Board does not expect the earnings effect of the Q2 2023 reporting quarter to be fully offset over the rest of the year, which is taken into account in the new guidance as follows: USU now expects sales growth to EUR 132 - 139 million in 2023 as a whole (previously: EUR 134 -139 million), with targeted further significant growth in SaaS business and EBITDA of EUR 13 - 15 million (previously: EUR 16.5 -18.0 million).
The Management Board is also confirming the current medium-term planning, which includes average organic sales growth of 10% in the next few years and, in view of the continued growth in SaaS business, an increase in the EBITDA margin to between 17% and 19% by 2026.

End of Inside Information

Information and Explanation of the Issuer to this announcement:

USU Software AG

As a leading provider of software and service solutions for IT and customer service management, USU enables companies to manage the requirements of today’s digital world. Global organizations use our solutions to cut costs, become more agile, and reduce risks – with smarter services, simpler workflows, and better collaboration. With more than 45 years of experience and locations worldwide, the USU team brings customers into the future. 

In addition to USU GmbH, which was founded in 1977, USU Software AG – which is listed in the Prime Standard of Deutsche Börse (ISIN DE 000A0BVU28) – includes the subsidiaries USU Solutions Inc., USU SAS, and USU GK.

Further information: www.usu.com.


USU Software AG                                                         
Investor Relations                                                           
Falk Sorge                                                                       
Tel.: +49 (0) 71 41 48 67 351                                         
E-mail: [email protected]                

USU Software AG
Corporate Communications
Dr. Thomas Gerick
Tel.: +49 (0) 71 41 48 67 440
E-mail: [email protected]

23-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language: English
Company: USU Software AG
71696 Möglingen
Phone: +49 (0)7141 4867-0
Fax: +49 (0)7141 4867-200
E-mail: [email protected]
Internet: www.usu-software.de
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1710281

End of Announcement EQS News Service

1710281  23-Aug-2023 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 84,36 90,49 95,63 107,33 111,90 126,52 132,08
EBITDA1,2 6,84 5,51 9,92 13,38 14,39 16,84 12,43
EBITDA-Marge3 8,11 6,09 10,37 12,47 12,86 13,31
EBIT1,4 3,22 2,71 4,05 7,02 9,67 11,80 7,62
EBIT-Marge5 3,82 2,99 4,24 6,54 8,64 9,33 5,77
Jahresüberschuss1 3,37 0,96 5,27 5,48 6,76 7,58 5,28
Netto-Marge6 3,99 1,06 5,51 5,11 6,04 5,99 4,00
Cashflow1,7 5,17 2,00 9,52 17,74 13,35 10,37 7,88
Ergebnis je Aktie8 0,32 0,09 0,50 0,52 0,64 0,72 0,50
Dividende8 0,40 0,40 0,40 0,40 0,50 0,55 0,40
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: RSM Ebner Stolz

USU Software
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0BVU2 18,400 Halten 193,64
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,44 30,47 0,67 33,95
3,75 24,56 1,47 14,58
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,55 0,55 2,99 02.07.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
23.05.2024 29.08.2024 21.11.2024 28.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,23% 6,85% 9,20% -18,22%
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Software , A0BVU2 , OSP2 , XETR:OSP2