Softmatic AG

ots Ad hoc-Service: Softmatic AG YEAR END RESULT OF SOFTMATIC AG BETTER THAN PLANNED

The sender is solely responsible for the contents of this announcement. --------------------------------------------------------- Norderstedt (ots Ad hoc-Service) - Softmatic AG, a leading supplier of standard software for mid-sized companies in the process industry, records a consolidated U.S.GAAP net loss of DM 3.4 million in fiscal 1999, which is lower than anticipated at the time of the IPO on June 1, 1999. This is mainly attributable to the mandatory capitalisation of deferred taxes on corporation and trade tax loss carryforwards. Compared to 1998, revenues increased by more than 65% from DM 24.6 million to DM 40.7 million through internal growth alone. Thus, the groups growth is significantly higher than that of the entire software segment and lies within the companys expectations. As already announced in November 1999, the pretax loss of DM 11.5 million is higher than anticipated at the time of the IPO as a result of faster than planned implementation of the internationalisation strategy and higher than planned marketing expenses. The company expects a further acceleration of its growth, an increase in revenues of 125% to DM 90 million and a balanced result in fiscal 2000. The annual report is published on www.softmatic.com. The press conference will be held on April 6, 2000 in Frankfurt a.M.. Further information: Kay Bommer, phone: 49 / 40 / 528 44 212, email: kbommer@softmatic.com End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Softmatic AG, übermittelt durch news aktuell

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