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Software AG
Earnings Release • Apr 13, 2018
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Earnings Release
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News Details
Ad-hoc | 13 April 2018 23:04
SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018 OUTLOOK FOR ITS IOT & CLOUD BUSINESS
Software AG / Key word(s): Change in Forecast
SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018 OUTLOOK FOR ITS IOT & CLOUD BUSINESS
13-Apr-2018 / 23:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc Disclosure (Inside Information according to article 17 MAR)
SOFTWARE AG PUBLISHES PRELIMINARY Q1 FINANCIAL RESULTS AND RAISES 2018 OUTLOOK FOR ITS IOT & CLOUD BUSINESS
– IoT & Cloud revenue in Q1 2018 up by +124.6% at constant currency (stated +115.0%) compared to Q1 2017
– 2018 outlook for IoT & Cloud revenue raised from 70 to 100% growth (EUR 25-30 million) to 100 to 135% growth (EUR 30-35 million)
– DBP product revenue (excluding IoT & Cloud) in Q1 2018 down by -5.4 percent at constant currency (stated -13.1%) compared to Q1 2017
– 2018 revenue outlook for Digital Business Platform, A&N, operating margin (non-IFRS) and EPS (non-IFRS) outlook confirmed
The Management Board of Software AG (TecDAX, ISIN DE000A2GS401, WKN A2GS40 / SOW) today pre-announced its financial figures (IFRS, preliminary) for the first quarter of 2018. According to the results the IoT & Cloud revenue in Q1 2018 increased by +124.6% at constant currency (stated +115.0%) from EUR3.0 million to EUR6.4 million compared to the previous year. The DBP product revenue (excluding IoT & Cloud) decreased by -5.4% at constant currency (stated -13.1%) from EUR102.9 million to EUR89.4 million in the first quarter 2018.
Based on the current business development and the expected project pipeline by the end of 2018, the Management Board has raised its 2018 outlook for its IoT & Cloud business from 70 to 100% growth (EUR 25-30 million) to 100 to 135% growth (EUR 30-35 million). The Company confirmed its 2018 outlook, published on 25 January 2018, for DBP, A&N, operating margin (non-IFRS) and EPS (non-IFRS).
Darmstadt, April 13, 2018
Software AG
The Management Board
Person making the notification:
Frederic Freichel
Junior Manager Investor Relations
Email: [email protected]
Tel: +49 6151 92 1106
13-Apr-2018 CET/CEST 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: | DE000A2GS401 |
| WKN: | A2GS40 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |