Softing AG — Earnings Release 2005

May 3, 2005

News Details

Ad-hoc | 3 May 2005 08:06

Softing AG: First-quarter 2005 results

Ad hoc announcement §15 WpHG Periodenergebnisse Softing AG: First-quarter 2005 results Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— The Softing Group recorded incoming orders worth EUR 5.3 million, which is on par with the same period of last year (2004: EUR 5.3 million). Global sales in the quarter just ended amounted to EUR 4.4 million (2004: EUR 4.8 million). The operating result was negative at EUR -0.2 million (2004: EUR 0.1 million). It has to be noted that these figures reflect the fact that some sales which were expected for the first quarter will not be posted until the second quarter. The first three months of 2005 are thus in line with the traditionally weaker first quarters of the Softing Group. Cash and cash equivalents as of March 31, 2005 were EUR 7.2 million, up EUR 1.4 million versus the previous year. Compared to December 31, 2004, cash and cash equivalents increased by EUR 0.9 million. The increase in cash and cash equivalents of Softing AG results from the 10% capital increase carried out in February of 2005. At the end of the first quarter of 2005, the Group’s equity was EUR 13.4 million. This translates to EUR 2.42 per Softing share based on the current share price of approximately EUR 2.20. The complete Quarterly Report 1/2005 can be downloaded from the investor relations section at http://www.softing.com from May 13, 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 03.05.2005 030806 Mai 05