USU GmbH
USU AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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USU AG posts strong first-quarter growth in product business
USU AG has successfully sharpened its profile as a provider of innovative
Knowledge Business solutions in the first quarter of fiscal year 2001/02.
Company sales compared to the same quarter last year rose 35.3% to DM 17.1
million (PY: DM 12.6 million).
The Knowledge Management division experienced aboveaverage growth and its share
of total sales grew from 4.6% to 15.0%. During the reporting period USU
generated revenues in this division of DM 2.6 million (PY: DM 0.6 million).
With the increase in sales in the IT-Controlling division to DM 5.0 million (PY:
DM 4.3 million), which was slightly below expectations, the product business
accounted for 44.3% of quarterly sales compared to 38.9% last year.
Cumulatively, USU experienced an aboveaverage increase in revenues in the two
product-oriented divisions of 55% compared to the previous year. Sales in the
solutions-oriented e-Business Integration division increased to DM 9.5 million
(PY: DM 7.7 million).
Earnings before interest, taxes and stock options (EBITSO) in the first quarter
of the current fiscal year were in line with expectations at DM -2.7 million
(PY: DM -0.5 million). The planned increases in expenditures for sales and
marketing, research and development, and related staff build-up will affect
operating results in the first six months. The investments, which USU already
announced when presenting its 2000/01 annual financial statements, will serve to
finance additional expansion.
Due to the drop in the stock price, the accumulated personnel cost arising from
the employee stock-option program for the first quarter of 2001/02 was lower
than in the prior quarter. The Company therefore recorded a liquidity-neutral
income of KDM 70. Earnings before interest and taxes (EBIT) according to US-GAAP
were consequently DM -2.6 million (PY: DM -0.2 million). The net loss for the
first quarter came to DM -1.4 million (PY: DM -0.5 million), the earnings per
share to EUR -0.12 (PY: EUR -0.06). Looking ahead, the Executive Board expects
USU AG to reach its planned operative break-even point on an EBITSO basis by the
end of the fiscal year.
Contact: USU AG, Falk Sorge, Tel. (07141) 4867-351, investor@usu.de.
end of ad hoc announcement (c) DGAP 21.08.2001
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WKN: 757 110; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
210738 Aug 01
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