AI assistant
Softing AG — Earnings Release 2008
Mar 16, 2009
405_rns_2009-03-16_972bd430-84e0-4649-aef2-90f0b97c9d08.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 16 March 2009 08:33
Softing Group continues on record-setting course in 2008
Softing AG / Preliminary Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
The Softing Group today announced that based on preliminary figures it
posted sales revenue of EUR 33.4 million (2007: EUR 29 million) in 2008.
EBIT grew 48% to EUR 3.4 million, thus significantly outpacing sales
growth. Earnings per share were approximately EUR 0.46 (2007: EUR 0.22).
These figures show that in 2008 Softing succeeded in continuing on its
trajectory of growth, which had begun in 2004 with sales revenue of
approximately EUR 20.4 million.
Both divisions, Industrial Automation (55% share of sales) and Automotive
Electronics (45% share of sales) contributed to the growth in sales.
Operating in the factory automation and process industries, Industrial
Automation managed to win new strategic customers in these sectors towards
the end of 2008 and in the first quarter of 2009. Automotive Electronics,
which develops hardware and software for the development and testing of
vehicle electronics, anticipates additional major orders during 2009
despite initial delays and the difficult situation in the automobile
industry.
'While the volume of incoming orders in 2008 was EUR 32 million and thus 7%
above that of the previous year, we have felt a noticeable uncertainty and
delays in connection with new projects on the part of our customers in the
first months of the current year,' said Dr. Wolfgang Trier, CEO of Softing
AG. 'This is why we will not publish a specific forecast for the current
year until the figures for the first or second quarter of 2009 are
available.' Softing's cash and cash equivalents as of the end of 2008
amounted to just over EUR 5 million; the Group had no liabilities to banks.
A voluntary buyback program for up to 125,000 shares at a price of EUR 2.05
that is currently underway will conclude on March 16, 2009.
The exact figures will be published on March 31, 2009, after the
Supervisory Board has approved the consolidated financial statements.
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.
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]
16.03.2009 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: [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