USU Software AG announced consolidated earnings results for the first quarter 2013. For the quarter, the company's sales were EUR 12,343,000 compared to EUR 12,582,000 a year ago. The reported 1.9% decline in consolidated sales as against first quarter 2012 reflects the major project deals concluded by the company in the same quarter of the previous year, which are not anticipated until the second half of 2013. EBITDA was EUR 2,000 compared to LBITDA of EUR 119,000 a year ago. Consolidated loss amounted was EUR 434,000 or EUR 0.04 per share compared to EUR 1,264,000 or EUR 0.12 per share a year ago. After adjustment for acquisition-related extraordinary effects, the company generated adjusted EBIT of EUR 22,000 compared to EUR 1,675,000 a year ago. Adjusted consolidated loss was EUR 71,000 or EUR 0.01 per share compared to adjusted consolidated earnings of EUR 1,001,000 or EUR 0.01 per share a year ago. Cash flow from operating activities improved from EUR 2,469,000 in the first quarter of 2012 to EUR 7,315,000 in the first three months of 2013.

The company provided earnings guidance for the second half and full year 2013. For the second half, the company forecasting a significant improvement in business performance in the subsequent quarters, leading to strong sales and earnings growth in the second half of 2013 in particular. In addition to major project orders from the existing portfolio, sales from new product innovations are expected to be another factor here.

For the year 2013, the company goal of increasing sales as a whole to at least EUR 58 million compared to EUR 51.2 million in the year 2012. Adjusted EBIT is expected to rise to over EUR 8 million compared to EUR 7.1 million in the same period a year ago.