Softing AG / Preliminary Results 26.02.2010 16:38 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. --------------------------------------------------------------------------- The Softing Group today announced that based on preliminary figures it posted sales revenue of EUR 23.7 million (2008: EUR 33.4 million) in 2009. EBIT fell to EUR - 2.5 million; this includes more than 500,000 EUR one-time costs to adjust personnel capacities in its Automotive Electronics division. Earnings per share were approximately EUR -0.33 (2008: EUR 0.46). Sales in both company segments have suffered in line with the difficulties of Softing's customers in both industries. Industrial Automation contributed to 63.3% and Automotive Electronics to 36.7% share of sales. Industrial Automation sells products and services to the factory- and process automation industry. Automotive Electronics provides hard- and software for the development and testing of vehicle electronics. The volume of incoming orders in 2009 was EUR 24.5 million, thus 24% down from the previous year. The order backlog on December 31, 2009, was approx. EUR 4.5 million. Softing will hold back its quantitative prognosis for 2010 until presenting Q1 or Q2 results as the general economy appears too hard to predict. Softing already states that it does expect 2010 to be profitable. CEO and shareholder, Dr. Wolfgang Trier, comments: 'Automotive Electronics has been the main source of losses in 2009. However, Softing managed to adjust its cost to the market situation by quick and systematic decisions. This will contribute to avoiding further losses resulting from Automotive Electronics in 2010. The currently discussed economic problems of repair shops will not directly impact Softing's sale of diagnostic devices as Softing sells its products to the automotive manufacturers. We are optimistic for both segments to show growth in 2010 as we are observing a growing order backlog.' The exact figures will be published on March 31, 2010, 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: InvestorRelations@softing.com Technical realisation: Phone: +49(0)89 45656 311 Email: koe@softing.com 26.02.2010 16:38 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: 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: InvestorRelations@softing.com Internet: www.softing.com ISIN: DE0005178008 WKN: 517800 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Softing Group - returning to profit in 2010
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