USU Software AG records jump in profits

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  • Sales growth of 8.4% in Q3 2021
  • Adjusted earnings double
  • 9-month figures underline positive development
  • Liquidity and equity ratio expanded
  • Orders on hand remain high
  • Sales and earnings planning confirmed

Moeglingen (Germany), 18 November 2021 – In the third quarter of 2021, USU Software AG together with its subsidiaries (hereinafter also referred to as the “USU Group” or “USU”) again benefited from growth in recurring revenue and strong license business. USU thus increased its consolidated sales (IFRS) by 8.4% year-on-year to EUR 27.9 million in the third quarter of 2021 (Q3 2020: EUR 25.8 million). License revenue saw above-average growth of 20.5% to EUR 3.0 million (Q3 2020: EUR 2.5 million). At the same time, USU also increased its SaaS sales by an above-average 13.5% to EUR 2.8 million (Q3 2020: EUR 2.4 million). Accordingly, recurring revenue…

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