from Softing AG (isin : DE0005178008)
EQS-Adhoc: Softing AG Revises Full-Year Guidance
EQS-Ad-hoc: Softing AG / Key word(s): Change in Forecast
Softing AG Revises Full-Year Guidance
12-Dec-2024 / 14:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Executive Board of Softing AG expected to achieve for the year 2024 a sales volume of EUR 105 million and an operating EBIT of approximately EUR 4 million.
As previously communicated, the achievement of these targets depended on the realization of individual large-volume and high-margin businesses. Due to a sharp decline in the business of our automotive and industrial customers, they are cancelling planned investments or postponing them into the year 2025.
As a result of the weakend customer demand, the Management Board considers the previous sales and earnings expectations to be no longer achievable.
The Management Board now expects revenues of between EUR 90 million and EUR 95 million, an operating EBIT of between EUR 2 million and EUR 2.5 million and a break-even EBIT.
Contact:
Dr. Wolfgang Trier
CEO
End of Inside Information
12-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| 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: | 2050219 |
| End of Announcement | EQS News Service |
2050219 12-Dec-2024 CET/CEST