DGAP-News: Softing AG: Preliminary Q1 2014 figures: Revenue boosted significantly - weaker earnings

| Source: EQS Group AG
DGAP-News: Softing AG / Key word(s): Preliminary Results
Softing AG: Preliminary Q1 2014 figures: Revenue boosted significantly
- weaker earnings

06.05.2014 / 18:55


Softing today announces that it managed to significantly expand its
business volume in the first quarter by boosting revenue by more than 30%
to EUR 16 million (EUR 12 million). EBIT declined to around EUR 1 million
(EUR 1.4 million) due to extraordinary items. Net profit for the year was
EUR 0.64 million (EUR 1.1 million).

The figures include around EUR 2.34 million in revenue and a double-digit
EBIT margin generated by Psiber Data GmbH, which was acquired effective
January 1, 2014. At just under 13%, organic growth was strong - even
without Psiber effects.

The result of the first quarter was significantly depressed by costs for
setting up the new sales organization in North America, one-off costs for
the completed acquisition and the costs of on-going acquisition efforts. A
deferral of particularly high-margin release orders from major customers to
the year's second half also impacted first-quarter earnings.

Softing expects to roll out several new products in 2014 and anticipates
initial effects from major multi-year orders to materialize. Furthermore,
major customers have committed to taking delivery of planned product
quantities during the year, despite the deferrals. Softing therefore
confirms its annual revenue target of more than EUR 60 million and EBIT
target of around EUR 7 million.

The complete Quarterly Report 1/2014 with the final figures can be
downloaded from the investor relations section at www.softing.com from May
14, 2014.

About Softing AG

Softing is a global management holding company. The companies of the
Softing Group produce and market hardware and software for in the
industrial automation and automotive electronics segments. They develop
high-quality standard technology products and customized solutions in close
cooperation with their customers. Both of Softing's business segments
operate in growth markets. Softing aims at achieving sustainable
profitability with double-digit revenue growth annually.

End of Corporate News


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Language:    English                                               
Company:     Softing AG                                            
             Richard-Reitzner-Allee 6                              
             85540 Haar                                            
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,  
End of News    DGAP News-Service  
266825 06.05.2014