Softing AG — Earnings Release 2005

Jul 15, 2005

News Details

Ad-hoc | 15 July 2005 07:45

First six months of 2005: Softing reports significantly improved key figures

Ad hoc announcement §15 WpHG Periodenergebnisse First six months of 2005: Softing reports significantly improved key figures Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— The Softing Group achieved substantial improvements in terms of incoming orders, sales revenue and earnings. According to preliminary figures, the incoming orders in the Softing Group amounted to EUR 5.8 million in the second quarter of 2005 (2004: EUR 4.5 million) and totaled EUR 11.1 million overall in the first six months (2004: EUR 9.8 million). This represents an increase of more than 10 percent. In the second quarter, Softing recorded global sales revenues of EUR 5.6 million (2004: EUR 4.8 million). This brings the Group’s sales revenues for the first six months to EUR 10.0 million (2004: EUR 9.6 million). The operating result in the second quarter came in at EUR 0.4 million (2004: EUR -0.1 million); in the first two quarters of the current fiscal year, the operating income totaled EUR 0.2 million (2004: EUR 0.0 million). Softing also recorded an encouraging net income of EUR 0.2 million (2004: EUR 0.0 million) in the second quarter of 2005 in what continued to be a difficult overall economic environment in Germany and Europe. Cash and cash equivalents as of June 30, 2005 were EUR 6.8 million, up EUR 1.6 million versus the previous year. At the end of the first six months of 2005, the Group’s equity was EUR 13.6 million. This translates to EUR 2.47 per Softing share compared to the current share price of approximately EUR 2.70. The Quarterly Report 2/2005 can be downloaded in pdf format from the Investor Relations section at http://www.softing.com from August 12, 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 15.07.2005 150745 Jul 05