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 posted strongly improved growth in the 2000/01 financial year. The
Knowledge Business company increased sales by 41.6% to DM 62.1 million in
comparison with the previous year’s figure of DM 43.9 million (unaudited pro-
forma financial statements 1999/2000). USU exceeded the sales target published
at the time of the IPO exclusively through organic growth. All three divisions
contributed to this success. The relatively new Knowledge Management division
achieved the highest growth rate of 300%, extending its share of sales in the
first full financial year from 2.7% to 8.1%.
The development of earnings was encouraging. Excluding the non liquidity-
impacting personnel expenditure from the accounting regulations according to US-
GAAP, the company exceeded its budgets, which assumed a negative pre-tax result
(EBTSO). As a result, the company is able to continue to post a positive EBTSO
of DM 438,000. With significantly increased expenditure on R&D and sales and
marketing, primarily deployed in line with the budget for the establishment of
the Knowledge Management division, USU generated earnings before interest, tax
and stock options (EBITSO) of DM -1.3 million. Non liquidity-impacting personnel
expenditure from a pre-IPO stock option programme, resulting from the
accounting regulations according to US-GAAP, amounted to DM 3.4 million in the
past financial year. If this accounting expenditure, which incurred no outflow
of funds, is incorporated, the EBIT amounted to DM -4.7 million (previous year:
DM 858,000). For the current financial year, the Board of Directors is adhering
to the budget figures announced at the time of the IPO.
The supervisory board of USU AG also resolved to increase the size of the Board
of Directors. Bernhard Oberschmidt (30), manager of the Finances and Controlling
division for several years, was appointed to the Board of Directors as Chief
Financial Officer (CFO) for the Finances and IR with effect from June 01, 2001.
USU AG will present the full annual financial group statements at the balance
sheet press conference on June 21, 2001 at 10.00am at the Hotel Graf Zeppelin,
Stuttgart.
The Board of Directors
Contact: USU AG, Falk Sorge, Tel. +49 (0) 7141 4867-351, investor@usu.de.
end of ad hoc announcement (c) DGAP 30.05.2001
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WKN: 757 110; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
300734 Mai 01
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