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Thomas Soltau, CEO, wallstreet:online capital AG

Thomas Soltau
CEO | wallstreet:online capital AG
Michaelkirchstraße 17/18, 10179 Berlin (D)

service@smartbroker.de

+49 30 27 57 76 464

Smartbroker - wallstreet:online capital AG CEO Thomas Soltau in an interview on the market launch


Jonathan Summers, CEO, EXMceuticals Inc.

Jonathan Summers
CEO | EXMceuticals Inc.
1111 Alberni Street, Suite 1603, V6E 4V2 Vancouver (CAN)

jonathan@exmceuticals.com

EXMceuticals CEO Jonathan Summers on the medical cannabis market


02. December 2019 | 07:50 CET

USU Software AG - decline in sales followed by price target change

  • Software

USU Software AG, based in Möglingen, Germany, develops and distributes software solutions for knowledge-based service management through its subsidiaries. Its range of services includes solutions for strategic and operational IT and enterprise service management. Customers receive a complete overview of their IT processes and IT infrastructure and are able to plan, bill, monitor and control services transparently. USU is one of the world's leading manufacturers of software license management solutions.

time to read: 1 minutes by Mario Hose


 

Well-known clientele worldwide

The international clientele of the USU Group now includes over 1,000 companies, including Allianz, Baloise Group, BOSCH, BMW, Daimler, Deutsche Telekom, DEVK, EDEKA, Heidelberger Druckmaschinen, Jacobs Engineering, Jungheinrich, Poste Italiane, Texas Instruments, VW, W&W and ZDF. In the first nine months of 2019, USU Software AG continued its growth course with a 6.9% increase in net sales from EUR 64.28 million to EUR 68.71 million.

The expanded revenue base, in particular the high dynamics of the high-margin license revenues, resulted in a clearly disproportionate increase in EBIT. EBIT adjusted for acquisition-related special effects increased by 58.2% from EUR 1.82 million to EUR 2.88 million. Earnings after taxes, which rose significantly from EUR 0.27 million to EUR 1.40 million, also benefited from the strong expansion of sales revenues, especially in the license business.

Sales and profit decline

While revenues of EUR 98 to 101 million were previously expected for 2019, revenues of EUR 93 to 95 million are now expected to be achieved. The previously expected adjusted EBIT of EUR 7.5 to 10 million was also reduced to EUR 5 to 8 million.

Based on the lower 2019 forecasts, the medium-term planning was also adjusted. Average organic growth in the coming years is expected to be around 10%, accompanied by an improvement in the adjusted EBIT margin to 13 to 15% over the next four years.

Rating remains, price target declines

In connection with this development, the analysts at GBC Research have significantly reduced their sales forecasts. In 2019, they expect revenues of EUR 93.20 million instead of the previous EUR 98.50 million. In 2021, sales of EUR 102.52 million are expected instead of the previous EUR 113.74 million.

Adjusted EBIT should increase to EUR 10.97 million by 2021, which is well below the previous forecast of EUR 18.07 million. As part of the DCF valuation model, the forecast adjustments have led to a reduction in the price target from the previous EUR 24.70 to EUR 19.70. The share price target of EUR 19.70 has been reached since the beginning of the year. The GBC experts continue to award the Rating BUY.


Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold shares in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our Conflict of Interest & Risk Disclosure.


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13. November 2019 | 07:07 CET

CENIT COMPLEMENTS IBM AND SAP - SALES INCREASE

  • Software

CENIT AG, based in Stuttgart, has been successfully active as a leading consulting and software specialist for the optimization of business processes in the fields of Digital Factory, Product Lifecycle Management (PLM), SAP PLM, Enterprise Information Management (EIM), Business Optimization & Analytics (BOA) and Application Management Services (AMS) for over 25 years. Standard solutions from strategic partners such as DASSAULT SYSTEMES, SAP and IBM are supplemented by CENIT's own established software developments. These include the FASTSUITE product family for software solutions in the digital factory sector, cenitCONNECT for processes related to SAP PLM, cenitSPIN as a powerful PLM desktop, CENIT ECLISO for efficient information management and ECM system monitor for monitoring IBM ECM applications.

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