DGAP-Adhoc: Softing AG announces best half-year in the company's history and raises guidance

Softing AG  / Key word(s): Preliminary Results

08.08.2011 09:05

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.

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Softing AG has made excellent use of the market opportunities offered in
the first half-year and translated them into profitable sales. After an
outstanding second quarter, Softing looks back at its most successful
half-year ever. EBIT increased tenfold year on year, from EUR 0.2 million
to EUR 2 million, and EPS jumped from EUR 0.03 to EUR 0.27. Incoming orders
grew by around 50% to EUR 20.5 million (EUR 14 million), while sales rose
30% to EUR 18.1 million.

|[![CDATA[|[pre|]]]|]

All figures               2. Quarter  2. Quarter  Six-month    Six-month
in EUR million            2011        2010        report 2011  report 2010
Incoming orders           10.5        7.2         20.5         14.0
Sales                     9.3         7.1         18.1         13.9
Earnings (EBIT)           1.1         0.0         2.0          0.2
Net profit for the year   0.8         0.0         1.5          0.2
Earnings per share in     0.15        0.00        0.27         0.03
EUR


|[![CDATA[|[/pre|]]]|]

Both divisions - Industrial Automation and Automotive Electronics -
contributed to the company's success in almost equal measure.

Cash and cash equivalents in the first half of 2011 increased by EUR 0.5
million to EUR 6.6 million, although a significant amount of prematerials
was purchased for production in the year's second half.

Softing expects sales for the full year to amount to EUR 35 million
(previous year: EUR 31.7 million). Chances are good that this figure will
be surpassed in 2012.

Based on the excellent business performance in the first half of this year
and the continued, positive prospects for the year's second half, Softing
is raising its EBIT guidance for the current year from EUR 1.8 million to
more than EUR 3 million.

For details see the half-yearly report, which will be published as planned
on August 12, 2011.

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.


08.08.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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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:       InvestorRelations@softing.com
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
 
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