euro adhoc: Softing AG
Financial Figures/Balance Sheet
Softing AG:
Industrial Automation clearly above target in first half of 2006
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.07.2006
Softing AG today announced that its Industrial Automation division will clearly surpass its growth target for 2006 and contribute more than expected to the company's sales and to its EBIT for 2006, which will probably come in at EUR 1.5 million. This development is already discernible today despite the fact that some major deals are not expected to be concluded until the second half of the year. Expectations for the Automotive Electronics division with regard to sales and earnings, however, did not materialize in the quarter just ended. Dr. Michael Siedentop, the Executive Board member who has been in charge of the division since February, expects some large contracts to be won in the second half of the year. The realignment of the Automotive Electronics division, which was initiated by Dr. Siedentop, will impact the division's earnings in the second half of the year as well. In contrast, hard&soft Salwetter-Rottenberger GmbH, which was acquired in 2005, shows a very pleasing development and makes a positive contribution to EBIT.
The divisions' preliminary figures for the first six months of 2006 are as follows: Sales Industrial Automation: EUR 5.9 million (previous year: EUR 5.6 million) EBIT Industrial Automation: EUR 0.5 million (previous year: EUR 0.6 million) Sales Automotive Electronics: EUR 5.0 million (previous year: EUR 4.4 million) EBIT Automotive Electronics: EUR -1.0 million (previous year: EUR -0.3 million)
Sales of the Softing Group amounted to EUR 5.6 million in the second quarter of 2006 (2005: EUR 5.6 million) and totaled EUR 10.9 million overall in the first half-year (2005: EUR 10.0 million). The operating income was EUR -0.2 million in the second quarter (2005: EUR 0.4 million) and EUR -0.5 million in the first six months of the current financial year (2005: EUR 0.2 million).
Equity as of the end of the first six months of 2006 was EUR 13.2 million. This translates to EUR 2.40 per Softing share compared to the current share price of approx. EUR 2.55. The Quarterly Report 2/2006 can be downloaded in pdf format from the Investor Relations section at www.softing.com from August 11, 2006.
end of announcement euro adhoc 21.07.2006 08:10:27
Further inquiry note:
Dr. Wolfgang Trier
Tel.: +49(0)89 45656 0
email: InvestorRelations@softing.com
Branche: Technology
ISIN: DE0005178008
WKN: 517800
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade