Softline AG
Softing AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Softing Six-Months Figures 2001 and Outlook
According to provisional estimates, the Softing group has achieved a turnover of
17.4 million DM during the first six months of 2001 (16.4 million DM in the
corresponding period of the previous year) with an EBIT of -3.2 million DM
(-2.2 million DM in 2000). Thus, the expectations of the group in terms of
turnover and profit have not been met, especially during the last quarter of the
year. An encouraging factor was the development of the business segment
Automotive Electronics. Here, the increase in turnover and EBIT was clearly
above the first six months of the previous year and thus according to plan.
The provisional figures of the individual business segments are as follows:
turnover Automotive Electronics 8.6 million DM (in 2000: 6.7 million DM)
EBIT Automotive Electronics 1.6 million DM (in 2000: 0.7 million DM)
turnover Industrial Automation 7.8 million DM (in 2000: 8.6 million DM)
EBIT Industrial Automation -1.8 million DM (in 2000: -0.6 million DM)
turnover 4CONTROL 1.0 million DM (in 2000: 1.0 million DM)
EBIT 4CONTROL -2.9 million DM (in 2000: -2.0 million DM)
In spite of the fact that the Softing group generally achieves its largest
turnovers in the second half of the year, the executive board greatly reduces
its forecast figures for 2001. A turnover of 35 million DM for the entire year
2001 (planned amount: 44.7 million DM) is regarded as secure and an EBIT of -7
million DM (planned amount: balanced EBIT) as the lower limit. This replanning
concerns almost exclusively the segments Industrial Automation and 4CONTROL. The
main reason, in addition to the general economic situation, is that the sales
measures of the Softing group have not yet taken effect. The liquidity situation
of Softing continues to be positive and secure.
The supervisory board of Softing AG has unanimously supported the strategic
concept of the executive board to further strengthen the growth segment 4CONTROL
and expand the sales activities in Industrial Automation. This includes
improving the market position and employing additional sales staff as well as
optimizing and complementing the product portfolio.
Final figures and more information will be published with the quarterly report.
end of ad hoc announcement (c) DGAP 20.07.2001
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WKN: 517800; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
201433 Jul 01
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