USU Software AG Announces 2023 Results and Strategic Shifts Including Delisting Plans

USU Software AG has disclosed its provisional financial figures for 2023, reporting significant growth with sales reaching EUR 132 million and an adjusted EBITDA of EUR 13.3 million. This growth marks a substantial upturn, largely fueled by a 20% increase in software-as-a-service (SaaS) solutions, amounting to EUR 17.0 million. In light of this performance, and to further capitalize on market opportunities, USU Software AG has unveiled plans for strategic adjustments and expansions.

The company intends to delist its shares, citing minimal strategic and financial benefits from stock exchange listing in the past, which do not justify the associated regulatory costs anymore. This decision is considered to be in the company’s best interest, requiring an acquisition offer for all USU shares, with AUSUM GmbH’s subsidiary in advanced stages of arranging finance for such an offer. Additionally, USU aims to focus on significant investments to bolster its product business growth, especially in AI and FinOps solutions, by seeking external partnerships and separating the product business from other divisions.