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18.08.2005 – 07:41

USU Software AG

euro adhoc: USU Software AG
Quarterly or Semiannual Financial Statements
USU Software AG publishes 6-month figures 2005

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Möglingen, 18 August 2005 - In Q2 2005 USU Software AG (ISIN DE000A0BVU28) increased its group-wide sales according to IFRS to TEUR 4,831 (PY: TEUR 4,127). In the same period, earnings before interest, taxes, depreciation and amortisation (EBITDA) were also positive for the first time at TEUR 0.4 (PY: TEUR -138). Earnings before interest and taxes (EBIT) also improved year-on-year and totalled TEUR -153 (PY: TEUR -308) in Q2 2005. As a consequence of lower interest income, which was down on the previous year’s figure following the cash distribution of TEUR 34,206 in February this year, the net result for Q2 2005 was, at TEUR 38 (PY: TEUR 89), down slightly year on year but still represented a return to the positive side of the equation.

On a half-year basis, the USU Group bolstered sales by TEUR 942 in comparison to the previous year to TEUR 9,635 (PY: TEUR 8,693). Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved year on year to TEUR -15 (PY: TEUR -212). Earnings before interest and taxes (EBIT) totalled  TEUR -322 (PY: TEUR -536). Interest income fell to TEUR 309 (PY: TEUR 743) in the first half of 2005 following the cash distribution, down considerably on the previous year. Consequentially, the net result of the USU Group was TEUR -77 (PY: TEUR 208). With an average number of shares of 8,628,992 (PY: 8,605,593), earnings per share in the period under consideration were EUR -0.01 (PY: EUR 0.02).

Even after the special distribution, the USU Group still held liquid funds and investments totalling TEUR 12,951 (31 December 2004: TEUR 47,859) as at 30 June 2005. The liabilities of the USU Group declined accordingly to TEUR 5,770 (31 December 2004: TEUR 40,310). At the end of the first half of 2005, shareholders’ equity totalled TEUR 35,272 (31 December 2004: TEUR 33,145). With a balance sheet total of TEUR 41,042 (31 December 2004: TEUR 73,455) the equity ratio was 85.9% (31 December 2004: 45.1%).

As at 30 June 2005, the workforce of the Group as a whole had expended to 197 (PY: 188) employees. The Group order book also developed positively. Compared with the previous year, the order book rose by TEUR 1,635 to TEUR 7,769 (PY: TEUR 6,134) an.

For the second half of the financial year the Management Board remains optimistic of achieving a sustained improvement in the operating result and confirms the forecast for the year of an increase in sales compared with the previous year and of a net profit for the year.

end of announcement                                                 euro adhoc 18.08.2005 07:05:28

ots Originaltext: USU Software AG
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Further inquiry note:
USU Software AG USU Software AG
Investor Relations Corporate Communications
Falk Sorge Dr. Thomas Gerick
Phone: +49 7141 / 4867 351 Phone: +49 7141 / 4867 440
Fax:    +49 7141 / 4867 108 Fax:    +49 7141 / 4867 909
Email:             Email:

Branche: Software
ISIN:      DE000A0BVU28
WKN:        A0BVU2
Index:    Prime Standard, CDAX, Prime All Share
Börsen:  Baden-Württembergische Wertpapierbörse / regulated dealing
              Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Original content of: USU Software AG, transmitted by news aktuell