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Softing AG

euro adhoc: Softing AG
Quarterly or Semiannual Financial Statements
Softing AG: Nine-Month Figures (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
In the third quarter, the Softing Group achieved a sales revenue of
4.9 million EUR (in 2001:  4.4 million EUR); thus, during the first
nine months, a sales revenue of 13.0 million EUR (in 2001:  13.4
million EUR) was achieved. During the third quarter, the operating
result of the Softing Group amounted to -1.3 million EUR (in 2001: 
-0.7 million EUR); during the first three quarters of the current
fiscal year, to -3.5 million EUR (in 2001:  -2.4 million EUR).
The -3.5 million EUR operating result includes restructuring
expenditures amounting to 0.7 million EUR. Due to the continued weak
investment climate and the recessive economic situation, we expect
that we will narrowly achieve the planned turnover of 20 million EUR.
The operating result will probably be clearly off the target of -1.9
million EUR.
Nonetheless, the repositioning measures already taken have laid the
foundations for a positive cash flow after completion of all
repositioning measures in 2003. During the fourth quarter of 2002,
there will be additional nonrecurrent special expenditures. These
expenditures will include, to a lesser extent, expenses affecting
liquidity and, to a larger extent, expenses not affecting liquidity.
The incoming orders of the past quarter have again developed very
positively throughout the Group. During the third quarter of the
year, incoming orders of the Softing Group amounted to 5.1 million
EUR (in 2001:  3.6 million EUR) and during the first nine months, to
14.9 million EUR (in 2001:  11.7 million EUR). Thus, the incoming
orders of the previous year (2001:  16.3 million EUR) were nearly
achieved already at the end of the third quarter for this important
medium- and long-term indicator of the business.
At the end of the third quarter, equity capital amounted to 14.7
million EUR, i.e. 2.94 EUR per Softing share. At the end of the
reporting period, the liquid assets of Softing AG amounted to 4.0
million EUR; the liquidity position of the Group is therefore secure.
As of November 7, 2002, the quarterly report 3/2002 of Softing AG can
be downloaded as a pdf file from the Investor Relations page of the
Softing Web site (www.softing.com). Contact: Dr. Stephan Fickel,
phone: +49-89-45656-333, Email:  InvestorRelations@softing.com
end of announcement        euro adhoc 06.11.2002

Further inquiry note:

Dr. Stephan Fickel

Branche: Software
ISIN: DE0005178008
WKN: 517800
Index: Nemax All Share, Nemax Technology
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / Neuer Markt

Original-Content von: Softing AG, übermittelt durch news aktuell

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