Softing AG — Earnings Release 2004

Apr 13, 2004

News Details

Ad-hoc | 13 April 2004 08:19

Softing AG: Volume and profitability further improved

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Softing AG: Volume and profitability further improved Based on preliminary calculations, the Softing Group was able to further improve its strong figures from the first quarter of 2003 in a number of key categories. Incoming orders, an important early indicator, were up by more than 10% in the first quarter and reached EUR 5.3 million (2003: EUR 4.8 million). Global sales amounted to EUR 4.81 million and thus remained at the previous year’s level (2003: EUR 4.86 million). Cash and cash equivalents as of March 31, 2004 were EUR 5.8 million, down just slightly compared to December 31, 2003 (EUR 6.0 million). Earnings further improved in the first quarter of 2004, reaching EUR 0.1 million (2003: minus EUR 0.1 million). This is a very positive result for the first quarter, especially in view of the fact that the first quarter traditionally is a weaker quarter in the context of the overall fiscal year. The figures once again confirm the success of the reorientation program initiated by Softing in fiscal year 2003, which is aimed at profitable growth. Given that orders on-hand increased by 24% to an encouraging figure of EUR 3.1 million (2003: EUR 2.5 million as of December 31, 2003), Softing has a confident outlook on the development of the current fiscal year. The complete Quarterly Report 1/2004 can be downloaded from the investor relations section at http://www.softing.com from May 14, 2004. end of ad-hoc-announcement (c)DGAP 13.04.2004 ——————————————————————————– WKN: 517800; ISIN: DE0005178008; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 130819 Apr 04