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Softing AG — Earnings Release 2008
Nov 12, 2008
405_rns_2008-11-12_1e69a254-82f1-4095-87fb-677038065629.html
Earnings Release
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Corporate | 12 November 2008 07:58
Softing shows strong performance: sales up more than 18%, earnings up more than 35%
Softing AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
The Softing Group looks back upon a strong third quarter and an exceptional
nine-month performance in 2008. The volume of incoming orders increased by
19% to EUR 25.5 million in the first nine months of the year. In the third
quarter, Softing recorded global sales worth EUR 8.7 million (2007: EUR 7.2
million). Total sales for the first nine months of 2008 were EUR 24.7
million (2007: EUR 20.8 million).
The operating income (EBIT) was EUR 1.0 million in the third quarter (2007:
EUR 0.6 million) and EUR 2.4 million in the first nine months of the
current financial year (2007: EUR 1.8 million). As a result, the Group's
EBIT margin was 10%. Softing also posted a substantial net income of EUR
1.7 million in the first three quarters of the year (2007: EUR 0.8
million). This represents EPS of EUR 0.32.
Dr. Wolfgang Trier, chairman of the Executive Board of Softing AG, said:
'I am proud to say that our figures for the first nine months of 2008 are
the best ever in the history of Softing. The third quarter continues the
positive development of the past months.'
For the full year, Softing expects strong demand to continue, resulting in
sales of more than EUR 31 million and EPS growth of over 40% to more than
EUR 0.35. Previous forecasts for the full financial year had called for EPS
of only EUR 0.32. The current volume of orders on hand of EUR 5.4 million
as of September 30, 2008 so far does not yet reflect any economic weakness.
The complete Quarterly Report 3/2008 can be downloaded in PDF format from
the investor relations section at www.softing.com.
About Softing:
Softing is a global provider of hardware and software for industrial
automation and automotive electronics. The company develops high-quality
standard technology products in close cooperation with its customers.
The Industrial Automation division has established itself as a specialist
provider of fieldbus technology and as a competent partner for the
networking of automation systems. Softing develops solutions for its
customers to connect and diagnose devices, controls and systems involved in
the exchange of data.
The powerful tools and solutions offered by its Automotive Electronics
division have made Softing a systems partner to automobile manufacturers as
well as systems and control unit suppliers. Softing specializes in vehicle
communication, diagnostics and test systems.
Content:
Dr. Wolfgang Trier
Phone.: +49(0)89 45656 0
Email: [email protected]
Technical realisation:
Emilio Kokot
Phone: +49(0)89 45656 311
Email: [email protected]
12.11.2008 Financial News transmitted by DGAP
Language: English
Issuer: Softing AG
Richard-Reitzner-Allee 6
85540 Haar
Deutschland
Phone: +49 (0)89 456 56-333
Fax: +49 (0)89 456 56-399
E-mail: [email protected]
Internet: www.softing.com
ISIN: DE0005178008
WKN: 517800
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service