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

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18.08.2005

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.

Further inquiry note:
Contact:
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 protected] Email: [email protected]

end of announcement euro adhoc 18.08.2005 07:05:28
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emitter: USU Software AG
Spitalhof
D-71696 Möglingen
phone: +49 (0)7141 4867 0
FAX: +49 (0)7141 4867 20
mail: [email protected]
WWW: http://www.usu-software.de
ISIN: DE000A0BVU28
indexes:
stockmarkets:
sector: Software
language: English

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