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Thu, 12.12.2024
The Executive Board of Softing AG expected to achieve for the year 2024 a sales volume of EUR 105 million and an operating EBIT of approximately EUR 4 million.
As previously communicated, the achievement of these targets depended on the realization of individual large-volume and high-margin businesses. Due to a sharp decline in the business of our...
DEAR SHAREHOLDERS, EMPLOYEES, PARTNERS AND FRIENDS OF SOFTING,
After having made a solid start in the first quarter, Softing has been feeling the impact of weak sales markets in both the mechanical engineering and, after some delay, the process manufacturing sectors. Across the industry, our competitors and customers are reporting declining figure...
Inside information pursuant to Article 17 MAR (Ad hoc announcement)
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Softing AG Resolves Cash C...
Dear Shareholders, Employees, Partners and Friends of Softing,
We have finished the first quarter of what is not going to be an easy year. The bar is set high, especially as 2023 was an exceedingly successful year for us. Then there’s the weak economic data to consider, which is not limited to Germany either. Customers and market players alike are...
At the end of 2023, Softing AG expects goodwill impairments of EUR 7.0 million to EUR 9.0 million at Group level in the Softing IT Networks and GlobalmatiX divisions.
The background to the impairment of these goodwill is the fact that these goodwill were created as "goodwill" at the time of the respective company acquisition on the basis of the exp...
Softing AG expects to recognize impairment losses on goodwill at Group level in the Softing IT Networks and GlobalmatiX segments in the amount of EUR 7.0 million to EUR 9.0 million at the end of year 2023.
In the IT Networks segment, the reasons for the impairment lie in the restructuring of the organization from a distribution model with third-par...
Softing Automotive Electronics, a 100% subsidiary of Softing AG, has been commissioned by a North American manufacturer of special vehicles to supply a complete package for the creation of a diagnostic system to service its vehicles.
The contract consists of licenses for the Softing TDX modular system, a maintenance contract for 5 years, services ...
Dear Shareholders, Employees, Partners and Friends of Softing,
Softing continued to record impressive growth in the third quarter. In the first nine months of the year, we increased consolidated revenue by more than 24% year-on-year to EUR 87.2 million. This growth was mainly driven by our Industrial and Automotive segments.
Revenue in the Indus...
Strong earnings in the Industrial segment, Softing’s dominant core business, continued in the second quarter of 2023. The transformation of order backlog accumulated in 2021 and the organic growth of sales with both existing and new customers accounted for the risen earnings.
The guidance for the operational EBIT (EBIT with neutralized depreciation...
DEAR SHAREHOLDERS, EMPLOYEES, PARTNERS AND FRIENDS OF SOFTING,
I am pleased to report that 2023 got off to an excellent start for Softing. Very briefly, revenue and earnings surged to record highs, sustaining the growth momentum we had seen in the previous year (+16 %).
We lifted our revenue by a respectable 38 %, from EUR 20.6 million in the sam...
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