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euro adhoc: Softing AG
Quarterly or Semiannual Financial Statements
Operational Targets will be Reached
Additional Restructuring Expenditures in 2002 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
In the second quarter, the Softing Group achieved a sales revenue of
4.8 million EUR (in 2001:  4.9 million EUR). For the first six
months, the revenue amounted to 8.2 million EUR (in 2001:  9.1
million EUR). The operating result of the Softing Group ran to -0.9
million EUR during the second quarter (in 2001: -0.7 million EUR) and
during the first two quarters of the current financial year to -2.2
million EUR (in 2001: -1.6 million EUR).
The -2.2 million EUR operating result includes restructuring
expenditures amounting to 0.3 million EUR. To create the
prerequisites for a positive operating result and cash flow in 2003,
there will be non-recurrent special expenditures amounting to 1.2
million EUR during the second half of 2002. These special
expenditures will consist both of expenses affecting liquidity, such
as personnel layoffs, and expenses not affecting liquidity, such as
depreciation of product developments.
The incoming orders developed in a very positive manner throughout
the Group during the past quarter, both in trend and in absolute
numbers. During the second quarter of the year, incoming orders of
the Softing Group amounted to 6.1 million EUR (in 2001:  4.0 million
EUR) and during the first six months, to 9.8 million EUR (in 2001: 
8.1 million EUR). The incoming orders include 0.8 million EUR for the
large order by the city of Bruneck, Italy, for its new district
heating network. Due to the increase in orders received during the
past quarter, new acquisition possibilities in the project business
and the effects of restructuring, which will begin to influence
results as of the fourth quarter, the Executive Board of Softing AG
proceeds on the assumption that the operational targets in turnover
(20 million EUR) and operating result (-1.9 million EUR) will be
reached. The crucial factor, however, will be the investment climate
during the next six months. At the end of the year, equity capital
will amount to approx. 15 million EUR, i.e. 3 EUR per Softing share.
The liquid funds of Softing AG currently amount to nearly 5 million
EUR with a market capitalization of 5.5 million EUR (stock price 1.10
EUR). The quarterly report 2/2002 of Softing AG can be downloaded as
a pdf file from the Investor Relations page of the Softing Web site
(www.softing.com).
end of announcement        euro adhoc 06.08.2002

Further inquiry note:

Dr. Stephan Fickel

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

Original content of: Softing AG, transmitted by news aktuell