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    SYT   DE0005178008

SOFTING AG

(SYT)
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PRESS RELEASE : Softing AG: Interim Statement on -2-

05/04/2021 | 02:32am EDT
Risks and Opportunities for the Company's Future Development 
As of the reporting date of March 31, 2021, the Company's risk and opportunity structure had not deviated significantly 
from the description in the consolidated financial statements for the year ended December 31, 2020. Material changes 
are also not expected for the remaining nine months of 2021. For more detailed information, we refer to the Group 
Management Report in the 2020 Annual Report, page 10 et seq. New risks relating to the COVID-19 crisis are currently 
being reviewed on an almost daily basis and acted on at short notice as required. This affects the global business 
activities of the entire Group, in close cooperation with the Executive Board and the management of the individual 
units. The effects of the global chip crisis are not yet fully foreseeable. Softing is currently responding to it as 
described above. 
Outlook 
We are currently confirming the Group's guidance for 2021 published in the management report of the 2020 Annual Report 
(p. 33). Overall, we continue to anticipate an increase in both revenue and incoming orders for the 2021 financial 
year. 
We anticipate both EBIT and operating EBIT to be in the range of EUR 2.0 million to EUR 3.0 million. However, the above 
revenue and EBIT planning is contingent on a global economic stabilization and recovery in the next nine months of 
2021. The earliest update to the forecast can be published after the COVID-19 crisis has subsided in Europe, as the 
economic uncertainty associated with the pandemic will continue to make it impossible to issue specific statements 
before that. 
Events after the Reporting Period 
There are no events after the reporting date of the quarterly management statement to report. 
General accounting policies 
The consolidated financial statements of Softing AG as of December 31, 2020 were prepared in accordance with the 
International Financial Reporting Standards (IFRSs) and the guidance of the International Accounting Standards Board 
(IASB) applicable at the reporting date. The quarterly management statement as of March 31, 2021, which was prepared on 
the basis of International Accounting Standard (IAS) 34 "Interim Financial Reporting", does not contain all of the 
required information in accordance with the requirements for the presentation of the annual report and should be read 
in conjunction with the consolidated financial statements of Softing AG as of December 31, 2020. In general, the same 
accounting policies were applied in the quarterly management statement as of March 31, 2021 as in the consolidated 
financial statements for the 2020 financial year. This quarterly management statement was prepared without an auditor's 
review. 
Changes in the Basis of Consolidation 
As of March 31, 2021, no changes occurred in the basis of consolidation of Softing AG compared to December 31, 2020. 
Key figures for the 1st quarter of 2021 
                                                 Quarterly            Quarterly 
All figures in EUR million            management statement management statement 
                                                    1/2021               1/2020 
 
Incoming orders                                       24.0                 21.0 
Orders on hand                                        18.4                 19.4 
Revenue                                               20.1                 20.0 
EBITDA                                                 2.3                  1.3 
EBIT                                                   0.4                 -0.7 
EBIT (operating)                                       1.2                  0.0 
Net profit/loss for the period                        -0.7                 -0.5 
Earnings per share in EUR (operating)                 0.08                -0.06 Contact: For furthter information please contact: Softing AG Investor Relations Richard-Reitzner-Allee 6 D-85540 Haar Tel. +49 (0)89 456 56-0 ----------------------------------------------------------------------------------------------------------------------- Additional features: File: Interim Statement on the 1st Quarter of 2021 ----------------------------------------------------------------------------------------------------------------------- 

2021-05-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Softing AG 
              Richard-Reitzner-Allee 6 
              85540 Haar 
              Germany 
Phone:        +49 (0)89 456 56-333 
Fax:          +49 (0)89 456 56-399 
E-mail:       InvestorRelations@softing.com 
Internet:     www.softing.com 
ISIN:         DE0005178008 
WKN:          517800 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1191876 
 
End of News   DGAP News Service 
=------------ 

1191876 2021-05-04

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1191876&application_name=news 
 

(END) Dow Jones Newswires

May 04, 2021 02:31 ET (06:31 GMT)

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Financials
Sales 2021 87,0 M 106 M 106 M
Net income 2021 1,80 M 2,19 M 2,19 M
Net Debt 2021 13,0 M 15,8 M 15,8 M
P/E ratio 2021 29,7x
Yield 2021 0,71%
Capitalization 50,8 M 61,8 M 61,8 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,65x
Nbr of Employees 397
Free-Float 45,1%
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Mean consensus BUY
Number of Analysts 1
Average target price 7,50 €
Last Close Price 5,64 €
Spread / Highest target 33,0%
Spread / Average Target 33,0%
Spread / Lowest Target 33,0%
EPS Revisions
Managers and Directors
NameTitle
Wolfgang Trier Chief Executive Officer
Ernst Homolka Head-Finance & Human Resources
Horst Schiessl Chairman-Supervisory Board
Klaus Fuchs Member-Supervisory Board
Andreas Beat Kratzer Deputy Chairman-Supervisory Board
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