Softline AG
Softline AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Softline doubles turnover despite tough industry climate
Offenburg, June 12, 2001: (Neuer Markt SFD GR). Based on preliminary figures as
of end of May, the Softline Group expects to reach annual turnover of
approximately EUR 85m in the current fiscal year 2000/ 2001 (30 June). With an
increase of 102 percent compared with the previous period (full year 2000: EUR
42.0m), the European software marketing firm has more than doubled its turnover.
Due to market conditions in the current quarter and as a consequence of the weak
industry climate, the original sales forecast of EUR 100m will prove
unattainable. On the profit and loss side, Softline is likely to end the 2000/
2001 fiscal year with an EBIT (US-GAAP) of between EUR -2.5m and EUR
-3.0m. Net loss for the year is expected to be between EUR 3.5m and EUR 4.0m,
mainly resulting out of goodwill depreciations of acquired companies and
deferred taxes relating to the IPO, only a small part is effecting liquidity.
Furthermore, stable cash reserves account for EUR 29m. The current market
conditions, which have deteriorated, make forecasting for the 2001/2002 fiscal
year difficult.
The management of the Softline Group has already taken appropriate measures for
the long-term: the introduction and launch of new products, the development of
new licence models for large key accounts, and the entry into new territories
through acquisitions in the European markets, and opening new branch offices
abroad. Besides the package of long-term measures, marketing activities
intensified in the short term are also designed to stimulate sales.
end of ad hoc announcement (c) DGAP 12.06.2001
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WKN: 720600; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
120831 Jun 01
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