Softing AG — Earnings Release 2009

Aug 14, 2009

News Details

Corporate | 14 August 2009 08:16

Softing AG: First rays of hope in the crisis

Softing AG / Half Year 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.

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(Haar/Germany, August 14, 2009) - Softing AG today announced that order
levels are beginning to normalize again after its incoming orders declined
in the first two quarters of 2009 from EUR 16.4 million in the previous
year to EUR 10.8 million as of June 30, 2009. Softing's sales in the first
half of this year decreased from EUR 16 million to EUR 11.4 million, while
EBIT amounted to EUR -1.6 million in the first six months (previous year:
EUR 1.4 million). Earnings per share in the second quarter came to EUR
-0.14, compared to EUR 0.10 in 2008.

The costs of the personnel adjustments necessary in the first quarter also
had a negative impact on earnings in the second quarter. Softing does not
expect any further personnel measures to be necessary in the second half of
the year.

Softing's liquidity of EUR 4.1 million will enable the company both to
strengthen its presence in promising foreign markets and expand its product
portfolio for the future. CEO and main shareholder Dr. Wolfgang Trier said,
'In these difficult times, Softing is positioning itself as an innovative,
cost-conscious partner for sophisticated industrial automation and
automotive electronics solutions.'

Softing has seen the first rays of hope in the crisis and expects its
incoming orders to improve after the vacation period. According to Dr.
Trier, 'Many of our customers are ready to sign off on new projects. As
soon as the general climate improves, we expect our incoming orders to pick
up significantly. This could happen as early as the fall.'

Softing anticipates that, by the end of the year, it will have made up for
some of the decline in sales and orders compared to the year before.
However, it will probably be difficult to end the year 2009 with a positive
annual result.

The complete Quarterly Report 2/2009 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: InvestorRelations@softing.com
Technical realisation:
Emilio Kokot
Phone: +49(0)89 45656 311
Email: koe@softing.com

14.08.2009 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: InvestorRelations@softing.com
Internet: www.softing.com
ISIN: DE0005178008
WKN: 517800
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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