DGAP-News: Softing AG
(firmenpresse) - DGAP-News: Softing AG / Key word(s): Preliminary Results
Softing AG
16.07.2013 / 09:59
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With earnings before interest and taxes (EBIT) that jumped nearly 30% to
EUR 3.1 million (previous year: EUR 2.4 million), the Munich-based Softing
AG has sent a clear signal in the first half of 2013 in terms of expanding
its EBIT margin. Sales rose to EUR 25.5 million (previous year: EUR 24.2
million).
The Automotive Electronics segment made a particularly substantial
contribution to the growth in earnings. This segment's focus on products
and projects with high margins, such as software licenses, is paying off.
The Industrial Automation segment is feeling the effects of the stagnation
of German engineering when it comes to factory automation, but it can
benefit from the growing demand in the more internationally oriented
process automation sector (e.g. with General Electric for gas turbine
controls, customers in the oil and gas industry such as ABB and Baker
Hughes, and new business with large customers in Asia). Since some
Industrial Automation orders could not be fulfilled in the first half-year
due to component-related delivery delays, Softing anticipates higher sales
and earnings in this segment in the second half of the year.
CEO and Softing shareholder Dr. Wolfgang Trier summarized the first six
months as follows: 'Our successful growth in earnings is a clear
affirmation of our efforts. We expect to be able to maintain this growth
rate in the second half of the year. We are especially pleased to see such
active interest in our products for longer-term projects with new customers
since this will be the foundation for growth in the year 2014 and beyond.'
Softing will publish the details for its second quarter on August 14, 2013,
in accordance with the financial calendar.
About Softing AG
Softing AG is a global management holding company. The companies of the
Softing Group produce and market hardware and software for in the
industrial automation and automotive electronics segments. They develop
high-quality standard technology products and customized solutions in close
cooperation with their customers. Both of Softing's business segments
operate in growth markets.
End of Corporate News
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16.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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(at)softing.com
Internet: www.softing.com
ISIN: DE0005178008
WKN: 517800Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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221357 16.07.2013
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Datum: 16.07.2013 - 09:59 Uhr
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