As a standalone company, USU Software AG (ISIN DE000A0BVU28) reported net profit in accordance with the German Commercial Code (HGB) of EUR 6,066 thousand in fiscal 2019 (2018: EUR 4,318 thousand).
The Management Board adjusts guidance in response to project delays.
Increasing orientation toward SaaS by customers and necessary additional investment in foreign markets impact business performance and planning.
USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen, (“USU”) signed a contract today to acquire all shares in EASYTRUST SAS, La Garenne Colombes, France (“EASYTRUST”).
· USU sets new revenue and earnings record· Consolidated revenue rises by 9% to EUR 72 million· EBITDA up 9% year-on-year at EUR 10.8 million· Adjusted EBIT climbs 9% to EUR 9.6 million· Medium-term planning anticipates consolidated revenue of EUR 140 million and adjusted EBIT of more than EUR 20 million by 2020
Effective January 1, 2016, USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen, (“USU”), has acquired all shares in unitB technology GmbH, Berlin, for the purpose of expanding USU’s range of services in the area of individual solutions and portals.
Effective January 1, 2015, USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen, (“USU”) has acquired all shares in SecurIntegration GmbH, Cologne, (“SecurIntegration”) to expand its portfolio in the field of software license management. The purchase price of the shares to be paid in cash consists of a fixed component and an earn-out component and, depending on the future performance of SecurIntegration, will be between approximately EUR 1,0 and EUR 3,0 million.