Softline AG

Earnings Release • Jul 20, 2001

News Details

Ad-hoc | 20 July 2001 14:33

Softing AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Softing Six-Months Figures 2001 and Outlook According to provisional estimates, the Softing group has achieved a turnover of 17.4 million DM during the first six months of 2001 (16.4 million DM in the corresponding period of the previous year) with an EBIT of -3.2 million DM (-2.2 million DM in 2000). Thus, the expectations of the group in terms of turnover and profit have not been met, especially during the last quarter of the year. An encouraging factor was the development of the business segment Automotive Electronics. Here, the increase in turnover and EBIT was clearly above the first six months of the previous year and thus according to plan. The provisional figures of the individual business segments are as follows: turnover Automotive Electronics 8.6 million DM (in 2000: 6.7 million DM) EBIT Automotive Electronics 1.6 million DM (in 2000: 0.7 million DM) turnover Industrial Automation 7.8 million DM (in 2000: 8.6 million DM) EBIT Industrial Automation -1.8 million DM (in 2000: -0.6 million DM) turnover 4CONTROL 1.0 million DM (in 2000: 1.0 million DM) EBIT 4CONTROL -2.9 million DM (in 2000: -2.0 million DM) In spite of the fact that the Softing group generally achieves its largest turnovers in the second half of the year, the executive board greatly reduces its forecast figures for 2001. A turnover of 35 million DM for the entire year 2001 (planned amount: 44.7 million DM) is regarded as secure and an EBIT of -7 million DM (planned amount: balanced EBIT) as the lower limit. This replanning concerns almost exclusively the segments Industrial Automation and 4CONTROL. The main reason, in addition to the general economic situation, is that the sales measures of the Softing group have not yet taken effect. The liquidity situation of Softing continues to be positive and secure. The supervisory board of Softing AG has unanimously supported the strategic concept of the executive board to further strengthen the growth segment 4CONTROL and expand the sales activities in Industrial Automation. This includes improving the market position and employing additional sales staff as well as optimizing and complementing the product portfolio. Final figures and more information will be published with the quarterly report. end of ad hoc announcement (c) DGAP 20.07.2001 ——————————————————————————– WKN: 517800; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 201433 Jul 01