Earnings Release • Jul 13, 2016
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 13 July 2016 22:30
Software AG Raises 2016 Full Year Guidance
Software AG / Key word(s): Change in Forecast
13.07.2016 22:30
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Darmstadt (Germany), 13 July 2016 - The Management Board of Software AG
(SOW - TECDAX) decided today to raise the company's outlook for the full
year 2016. Based on preliminary figures in the second quarter and the
positive business development in the first half of 2016, as well as on the
strong project pipeline for the second half of 2016, Software AG's board
now expects the following business development:
The operating profit margin (EBITA, non-IFRS) for the full year 2016 is
expected to reach +30.5 to +31.5 percent (prior guidance as of 27
January 2016: +30.0 to +31.0 percent).
For the database business Adabas & Natural (A&N), a significantly more
stable development and a product revenue adjustment of between -2 and
-6 percent at constant currency compared to the previous year (prior
guidance as of 27 January 2016: -4 to -8 percent) is expected for the
full year 2016.
The company's outlook for the full year 2016 for the Digital Business
Platform (DBP) remains unchanged with an expected currency-adjusted
product revenue increase of between +5 and +10 percent over the
previous year.
Software AG is publishing further information on its preliminary half year
and second quarter 2016 financial results in a press release. The company
will hold a conference call for investors, analysts and media on Thursday,
14 July 2016 at 09:30 CEST. Dial in details can be found on the Software AG
corporate website under "Investor Relations". Also, final Q2 and H1
financial results will be published on Software AG's corporate website on
July 20, 2016.
13.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: +49 (0)6151 92-1900
Fax: +49 (0)6151 92-34 1899
E-mail: [email protected]
Internet: www.softwareag.com
ISIN: DE0003304002
WKN: 330400
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Terminbörse EUREX;
London, SIX
End of Announcement DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.