Softing AG

Regulatory Filings • Dec 12, 2024

News Details

Ad-hoc | 12 December 2024 14:40

Softing AG Revises Full-Year Guidance

Softing AG / Key word(s): Change in Forecast

Softing AG Revises Full-Year Guidance

12-Dec-2024 / 14:40 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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The Executive Board of Softing AG expected to achieve for the year 2024 a sales volume of EUR 105 million and an operating EBIT of approximately EUR 4 million.

As previously communicated, the achievement of these targets depended on the realization of individual large-volume and high-margin businesses. Due to a sharp decline in the business of our automotive and industrial customers, they are cancelling planned investments or postponing them into the year 2025.

As a result of the weakend customer demand, the Management Board considers the previous sales and earnings expectations to be no longer achievable.

The Management Board now expects revenues of between EUR 90 million and EUR 95 million, an operating EBIT of between EUR 2 million and EUR 2.5 million and a break-even EBIT.

Contact:

Dr. Wolfgang Trier

CEO

End of Inside Information

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Language:	English
Company:	Softing AG
	Richard-Reitzner-Allee 6
	85540 Haar
	Germany
Phone:	+49 (0)89 456 56-333
Fax:	+49 (0)89 456 56-399
E-mail:	InvestorRelations@softing.com
Internet:	www.softing.com
ISIN:	DE0005178008
WKN:	517800
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	2050219

End of Announcement	EQS News Service