DGAP-News: USU Software AG: Good Performance Thanks to Upturn in International Business
Summary
However, the profit and loss transfer agreement between the company and its subsidiary USU GmbH, which was resolved at this years Annual General Meeting on July 2, 2019 and hence only comes into force subsequently, is expected to lead to a relative reduction in tax expense for 2019 as a whole. USU solutions give customers an overall view of their IT processes and IT infrastructure and enable them to transparently plan, allocate, monitor and actively manage services. However, the profit and loss transfer agreement between the company and its subsidiary USU GmbH, which was resolved at this years Annual General Meeting on July 2, 2019 and hence only comes into force subsequently, is expected to lead to a relative reduction in tax expense for 2019 as a whole. However, all assumptions are based on the absence of a fully-fledged recession in Germany or worldwide.Based on the above assumptions, the Management Board is in turn planning to enable the shareholders of USU Software AG to participate significantly in the companys operating success in fiscal 2019, as in previous years, and to continue the shareholder-friendly dividend policy with the distribution of a dividend that is never lower than in the previous year and that amounts to around half of the profit generated.The USU Group is the largest European provider of IT and knowledge management software. USU solutions give customers an overall view of their IT processes and IT infrastructure and enable them to transparently plan, allocate, monitor and actively manage services.
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