Softing AG — Earnings Release 2005

Nov 2, 2005

News Details

Ad-hoc | 2 November 2005 08:02

Softing confirms earnings forecast in excess of one million euros

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— According to preliminary figures, the Softing Group achieved significant improvements in key areas such as incoming sales, earnings and net income in the first nine months of fiscal year 2005 as compared to the same period of last year. In the third quarter, Softing recorded global sales worth EUR 5.8 million (2004: EUR 5.1 million). Total sales for the first nine months of 2005 were EUR 15.8 million (2004: EUR 14.7 million). The incoming orders in the Softing Group totaled EUR 16.3 million in the first nine months (2004: EUR 15.2 million). The operating income was EUR 0.3 million in the third quarter (2004: EUR 0.3 million) and EUR 0.5 million in the first nine months of the current fiscal year (2004: EUR 0.3 million). Softing also recorded a substantial net income of EUR 0.4 million (2004: EUR 0.2 million). As expected, Reutlingen-based hard & soft Salwetter-Rottenberger GmbH, which was acquired in July 2005, did not yet make a significant contribution to sales and earnings because of the necessary technical and operational integration activities. The reduction in cash and cash equivalents to EUR 4.8 million as compared to the previous quarter (EUR 6.8 million) is essentially due to the takeover. Softing thus confirms its guidance for fiscal year 2005: sales growth of ten percent to over EUR 22 million and positive earnings in excess of EUR 1.0 million. The Quarterly Report 3/2005 with the final figures can be downloaded in pdf format from the Investor Relations section at http://www.softing.com from November 15, 2005. Softing AG Richard-Reitzner-Allee 85540 Haar Deutschland ISIN: DE0005178008 WKN: 517800 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, München und Stuttgart End of ad hoc announcement (c)DGAP 02.11.2005