USU Software increased sales and profits in the first half of 2020. While sales climbed from 44.9 million euros to 52.1 million euros, the Möglingen-based company reports adjusted earnings before interest and taxes of 3.9 million euros after 0.7 million euros previously, according to the 2020 semi-annual report. The bottom line was that adjusted earnings increased by around 3.8 million euros to a profit of 3.5 million euros. Including special effects, a half-year profit of EUR 0.29 is generated per USU share after a loss of EUR 0.09 in the first half of last year. The cash flow from operating activities shows an increase from 4.6 million euros to 11.5 million euros. The order backlog increased from 54.2 million euros to 59.5 million euros and thus to a new group record level.
“Due to the uncertain duration and development of the COVID-19 pandemic, it is currently not possible to make a reliable and realistic assessment of USU’s future business development,” said USU Software. However, sales are expected to rise in the second half of this year, as well as earnings before interest and taxes on an adjusted basis.
“At the same time, the Executive Board confirms the medium-term planning for the USU Group, which includes average organic sales growth for the coming years of 10 percent and an expansion of the operating margin based on adjusted EBIT to 13 percent to 15 percent by 2024,” said USU.
At a glance – chart and news: USU software