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Softing AG

Softing AG raises 2007 earnings forecast by more than 30%

Haar (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/earnings forecast
(Haar/Germany, August 28, 2007). Softing AG, a
global provider of industrial automation and automotive electronics 
hardware and software headquartered in Haar near Munich/Germany, 
today announced a significant increase of its 2007 sales and earnings
forecast. Given the sustained, positive performance of the company's 
business, the Executive Board of Munich-based Softing AG now expects 
earnings before interest and taxes (EBIT) to total at least EUR 2 
million and sales to come in at more than EUR 26 million in 2007.
Chief Executive Officer Dr. Wolfgang Trier presented a highly 
positive review of the first half-year at the company's annual 
general meeting last Friday. In the first six months, Softing boosted
sales by 24%  to EUR 13.6 million. EBIT showed an equally positive 
development, jumping by EUR 1.7 million in the first half-year to EUR
1.2 million. A particularly pleasing development is that Automotive 
Electronics is back on the road to success.  The division is 
experiencing double-digit growth rates and has returned to 
profitability.
The capital measures that were adopted by a large majority at the 
annual general meeting enable Softing to carry out acquisitions at 
short notice if required to support the company's non-organic growth.
The management is currently reviewing various options in this regard.
end of announcement                               euro adhoc 28.08.2007 14:25:12

Further inquiry note:

Inhalt der Meldung: Dr. Wolfgang Trier
Tel.: +49(0)89 45656 0
E-Mail: InvestorRelations@softing.com
Technische Umsetzung: Emilio Kokot
Tel.: +49(0)89 45656 311
E-Mail: Emilio.Kokot@softing.com

Branche: Software
ISIN: DE0005178008
WKN: 517800
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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

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