DGAP-Adhoc: Softing AG: Consolidated EBIT up more than 25%

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Mar 18, 2014 at 9:45 AM

DGAP-Adhoc: Softing AG: Consolidated EBIT up more than 25% to EUR 6.2 million / Dividend to be proposed to the Annual General Meeting

Softing AG / Key word(s): Preliminary Results 18.03.2014 14:35 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Softing AG again records growth in 2013 - Earnings per share increases to EUR 0.69 (EUR 0.59) - Sales continue to grow to EUR 52.6 million (EUR 49.4. million) - Dividend to be proposed to the Annual General Meeting Softing announces 2013 consolidated sales of EUR 52,6 million (previous year: 49,4) and an EBIT of EUR 6,2 million (previous year: 4,9). Both segments - Industrial Automation and Automotive Electronics - again contributed approximately equal amounts to sales. Earnings, however, were dominated by considerable growth in Automotive Electronics. In the Industrial Automation segment, consolidated sales at just under EUR 26.5 million and EBIT at just under EUR 2.3 million remained almost stable. These figures are impacted by delays in development, which will push back high-margin new business to 2014. The Automotive Electronics segment boosted sales by EUR 3 million to around EUR 26 million and posted EBIT of around EUR 3.9 million in 2013. This growth was due to strong fundamental business and considerably expanded demand in vehicle diagnostics. Cash and cash equivalents increased from EUR 11.5 million to EUR 12.12 million year on year. This corresponds to net cash of EUR 1.88 per share (previous year: EUR 1.79) because Softing does not have any bank debts with the exception of minor credit lines at foreign subsidiaries. Earnings per share were EUR 0.69 (previous year: EUR 0.59). At its financials meeting, the Supervisory Board of Softing AG today approved the Executive Board's proposal regarding the appropriation of profits, which is to propose to the Annual General Meeting to be held on May 7, 2014, to distribute a dividend of EUR 0.35 per share for the 2013 financial year. According to the proposal, shareholders will have the option to receive the dividend either in cash or in the form of shares in Softing AG, which are to be issued for this purpose at a price approximating the market price prevailing at that time. The Executive Board and the Supervisory Board intend to resolve a capital increase from existing authorized capital after the close of the Annual General Meeting. This resolution is to be specified further by resolutions of the Executive Board and the Supervisory Board, which are to be taken during the further course of the planned process. The figures for the 2013 financial year are available for inspection at www.softing.com upon publication of the annual report on March 28, 2014. About Softing AG Softing 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. Softing aims at achieving sustainable profitability with double-digit sales growth annually. 18.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Taiwan's Bold Bid: From Tech Hub to Capital Magnet

Ambitious Plans Unveiled at Taiwan Weeks 2026 Forget the usual humdrum; Taiwan’s pulling no punches in its bid to become a capital powerhouse in Asia. If you'd told me years ago that Taiwan was eyeing dominance in asset management, I might've laughed. But at the 2026 Taiwan Weeks, they showed they're dead serious about it. Over 400 bigwigs and market shakers gathered,...

Tokenized Securities: Transfer Online's Next Frontier

Transfer Online Teams Up with OnchainTA Hold onto your investment hats, folks—Transfer Online is linking arms with OnchainTA to step right into the future playground of tokenized securities. Now, what's that mean? Well, it's like jumping from sailing schooners to speedboats; we're entering a whole new era in capital markets. What's At Stake? The pair-up between these...

Sungrow's 1,243 MWh BESS: 20-Day Commissioning Feat

Breaking Barriers in Energy Storage Innovation Sungrow's latest swift 20-day expedition in the land of renewable energy is a bit of a jaw-dropper. They've whipped up Europe's largest operational Battery Energy Storage System (BESS) at Hams Hall, and they did it at breakneck speed. This ain't just another plug-and-play; it's the 1,243 MWh goliath that's set up to be a key...

Askey & Icom Team Up: Trading Airwaves for Partnerships

Old-School Radios Meet Cutting-Edge 5G When I hear about a company linking their old-school tech with shiny new 5G jazz, skepticism kicks in fast. But then comes this announcement: Askey and Icom America are joining forces to bring 5G networks with integrated two-way radio systems to various sectors—like a classic combo meal with a tech twist. The key audience? Utility...

Fleet Management Software: Poised for 251% Growth

Explosive Growth Ahead in Fleet Management Software If you're thinking we're about to see a seismic shift in how fleets are managed, you're spot on. The fleet management software market, worth a modest USD 1.83 billion in 2026, is projected to skyrocket to USD 6.41 billion by 2033. We’re talking a solid 19.6% CAGR here, and that’s not some small potatoes. This isn’t...

What Business Owners Need to Know About Glass Replacement

Understanding the Nuts and Bolts of Storefront Glass Replacement Picture your storefront beaten and battered, glass cracks spidering over once-pristine panes. Cue Matt Sears of Bentonville Glass Inc. ready to patch things up without turning your business into a disaster zone. The homegrown hero makes his debut in HelloNation's latest chat, offering the kind of advice you...

Nomad Foods' Battle with Margins Amid Flat Volumes

Subtle Winds of Change in Nomad Foods' Financials Ah, Nomad Foods—Europe's frozen food titan, trotting out its third quarter numbers like a well-rehearsed production line. You've got your slight revenue bump of 2.3% on reported streams, hitting €770 million. But dig a little deeper and you find organic revenue doing a waltz at 1.6% year-on-year, surprising no one...

Everest Group Faces Shaky Ground in Securities Fraud Suit

Investors Take Aim at Everest Group's Alleged Missteps Looks like Everest Group, Ltd. (NYSE: EG) has found itself knee-deep in legal quicksand. There's a class-action lawsuit afoot, spearheaded by the folks at Schall, Brown & Schwartz LLP. They're putting forward claims that Everest, a player in the securities exchange, was painting a misleading picture when it came to...

Q32 Bio Eyes New Horizons with Bempikibart's Potentials

Q32 Bio Steers Forward: New Insights from Chief Results Today's update isn't just another quarterly snooze-fest—it’s a nudge in a crucial direction for Q32 Bio (NASDAQ:QTTB). After a bold brush with the European Academy of Dermatology and Venereology (EADV) Congress 2026, the company laid out a plan and a half, showing its hand with bempikibart for alopecia areata...

Dissecting the USDOT's New DBE/ACDBE Final Rule

The Landscape Shift in DBE/ACDBE Compliance When the USDOT decided to roll out their Final Rule in September, they didn't just shuffle the deck - they reshuffled the whole game for the Disadvantaged Business Enterprise (DBE) and Airport Concession Disadvantaged Business Enterprise (ACDBE) programs. Public agencies and businesses from coast to coast have been left...