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Softing AG — Earnings Release 2011
Nov 18, 2011
405_rns_2011-11-18_32788878-6462-4a54-a487-8986347adacc.html
Earnings Release
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Ad-hoc | 18 November 2011 08:46
Softing AG: Guidance raise
Softing AG / Key word(s): Change in Forecast
18.11.2011 08:46
Dissemination 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.
Softing AG today announced a raise in its guidance for the current
financial year because of the continued, extraordinarily positive
performance of its business in 2011. After recording sales of EUR 31.67
million in 2010, Softing expects sales for the current year to total
approx. EUR 37 million, up from the previous guidance of EUR 35 million.
Earnings before interest and taxes (EBIT) are now expected to exceed EUR
3.7 million. This compares to EBIT of EUR 1.53 in 2010. Softing also
assumes that its net liquidity will continue to grow by year's end.
The Executive Board and the Supervisory Board are currently reviewing
whether to propose a dividend increase to up to EUR 0.20 per share to the
2012 Annual General Meeting (2011: EUR 0.11) in order to let shareholders
participate adequately in the company's success.
About Softing:
Softing is a global management holding company. The companies of the
Softing Group produce and market hardware and software for industrial
automation and automotive electronics. They develop high-quality standard
technology products and customized solutions in close cooperation with
their customers.
Content:
Dr. Wolfgang Trier
Phone.: +49(0)89 45656 0
Email: [email protected]
Technical realisation:
Phone: +49(0)89 45656 311
Email: [email protected]
18.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Softing AG
Richard-Reitzner-Allee 6
85540 Haar
Germany
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, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service