Softing AG - Earnings Release 2019

News Details

Corporate | 3 March 2020 08:44

Preliminary figures of Softing AG

DGAP-News: Softing AG / Key word(s): Preliminary Results

03.03.2020 / 08:44

The issuer is solely responsible for the content of this announcement.

Softing finished the 2019 fiscal year with its highest revenues ever of EUR 91.1 million (previous year: EUR 83.9 million).

The operating EBIT (EBIT corrected of capitalized product development, depreciation and purchase price allocation) amounted to EUR 4.1 million (previous year EUR 3.5 million). This number includes start-up costs of approx. EUR 2 million for GlobalmatiX AG which had been acquired in 2018.

Cash and cash equivalents amounted to EUR 14.9 million at year-end (previous year: EUR 9.7 million). Softing’s equity-to-assets ratio amounts to 60% (previous year 68.5%).

Softing expects growing revenues and further improvements on EBIT in fiscal year 2020. The Company will issue an initial guidance with the publication of final figures in its 2019 annual report.

The complete annual report for 2019 will be available at www.softing.com from March 27, 2020.

Contact:

Dr. Wolfgang Trier

CEO

03.03.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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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:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	988059