EQS-Adhoc: USU Software AG announces preliminary business figures for 2022, dividend proposal and new planning

According to the preliminary business figures for 2022 presented today, USU Software AG (ISIN DE000A0BVU28) and its subsidiaries (hereinafter referred to as USU or the USU Group) increased consolidated sales by 13.1% compared to the previous year to EUR 126.5 million (2021 : 111.9 million euros). The main driver was the business with Software as a Service (SaaS) solutions, which grew by 31.5% to EUR 14.2 million (2021: EUR 10.8 million). License revenues also increased disproportionately by 19.0% to EUR 14.2 million (2021: EUR 12.0 million). Regardless of the general trend towards rental software (SaaS), several customers decided to purchase a one-time license (on premises) over the course of the year. This underlines the strong product business in the 2022 financial year with a positive effect on earnings. USU increased its EBITDA by 17.0% year-on-year to EUR 16.8 million (2021: EUR 14.4 million). USU thus exceeded the target figures and once again achieved record sales and earnings.
Accordingly, the consolidated surplus amounted to EUR 7.6 million (2021: EUR 6.8 million). This corresponds to diluted earnings per share of EUR 0.72 (2021: EUR 0.64). Subject to the approval of the Supervisory Board, the Management Board of the company proposes a 10% increase in the dividend to EUR 0.55 (2021: EUR 0.50).
Taking into account the accelerated change from one-time license to SaaS business, the Management Board has fixed the following planning: fFor 2023, sales growth to EUR 134 – 139 million with a significantly increasing proportion of SaaS contracts with new customers and strong growth in SaaS sales of over 25% as well as a trend towards declining license revenues. Accordingly, the EBITDA should amount to EUR 16.5 18 million. In the medium term, the Management Board expects average organic sales growth of around 10% per year, with the SaaS share of new customers expected to rise to over 75%. The increasing high-margin SaaS share of sales results in continuously increasing EBITDA margins, which are to be expanded to 17% – 19% by the end of 2026.

Contact:
USU Software AG
Investor Relations
Falk concern
hospital yard
D-71696 Möglingen
Phone: +49 (0) 71 41 – 48 67 351
Fax: +49 (0) 71 41 – 48 67 108
Email: [email protected]

USU Software AG
Corporate Communications
dr Thomas Gerick
Phone: +49 (0) 71 41 – 48 67 440
Fax: +49 (0) 71 41 – 48 67 909
Email: [email protected]