Softing AG — Earnings Release 2003

Aug 4, 2003

News Details

Ad-hoc | 4 August 2003 09:05

Softing AG english

Softing AG: Turnaround success story continues in the second quarter of 2003 Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Softing AG: Turnaround success story continues in the second quarter of 2003 In the second quarter, the Softing Group achieved sales revenues of EUR 4.6 million. This brings the Group’s sales revenues for the first half-year to EUR 9.4 million (2002: EUR 8.2 million), an increase of considerably more than 10 percent. The operating loss in the second quarter came in at EUR 0.6 million; in the first two quarters of the current fiscal year, the operating loss totaled EUR 0.7 million (2002: EUR 2.2 million). This figure includes what are probably the last financial charges from restructuring measures, amounting to around EUR 0.4 million, which resulted from the reduction of the executive board and the reorganization of personnel. The incoming orders in the Softing Group amounted to EUR 4.5 million in the second quarter of 2003 and totaled EUR 9.3 million overall in the first half- year (2002: EUR 9.8 million). Softing is therefore ahead of its own plans, particularly as the second quarter of last year was positively affected by the receipt of the complete large order from Bruneck in the amount of nearly EUR 1 million. At EUR 5.1 million, cash and cash equivalents were EUR 0.3 million higher than in the year before as of June 30, 2003. This means that, despite an economic environment which remains difficult, the Softing Group was able to increase its cash and cash equivalents for the third time in a row. The complete Quarterly Report 2/2003 can be downloaded from the investor relations section at http://www.softing.com from August 13, 2003. end of ad-hoc-announcement (c)DGAP 04.08.2003 ——————————————————————————– WKN: 517800; ISIN: DE0005178008; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 040905 Aug 03