USU Group announces figures for Q1 2019
The USU Group increased its consolidated sales by 4.6 % to EUR 22.0 million in the first quarter. The license business grew by 7.1% year-on-year, and the cloud and maintenance business recorded a disproportionately high increase of 14.7% to EUR 6.7 million.
Ongoing investments in further personnel expansion and the transformation from a one-time license business to rising cloud revenues will influence the result for the first quarter. For 2019 as a whole, the Management Board expects to achieve stronger growth in revenue and, in particular, operating profit, thus continuing the long-term growth path. The planning for 2019 is confirmed, to increase group-wide revenues to EUR 98-101 million and to increase adjusted EBIT to EUR 7.5-10 million.
These are the most important details at a glance:
- Sales increase of 4.6% to 22.0 million euros achieved
- Staff expansion and continuing trend towards SaaS solutions influence results
- Record order backlog as of 31 March 2019
- Planning envisages further growth and significant improvement in earnings
Read more in our press release on the USU website.