Softing AG

euro adhoc: Softing AG
Quarterly or Semiannual Financial Statements
Softing AG: Nine-Month Figures (E)

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In the third quarter, the Softing Group achieved a sales revenue of 4.9 million EUR (in 2001:  4.4 million EUR); thus, during the first nine months, a sales revenue of 13.0 million EUR (in 2001:  13.4 million EUR) was achieved. During the third quarter, the operating result of the Softing Group amounted to -1.3 million EUR (in 2001: -0.7 million EUR); during the first three quarters of the current fiscal year, to -3.5 million EUR (in 2001:  -2.4 million EUR).

The -3.5 million EUR operating result includes restructuring expenditures amounting to 0.7 million EUR. Due to the continued weak investment climate and the recessive economic situation, we expect that we will narrowly achieve the planned turnover of 20 million EUR. The operating result will probably be clearly off the target of -1.9 million EUR.

Nonetheless, the repositioning measures already taken have laid the foundations for a positive cash flow after completion of all repositioning measures in 2003. During the fourth quarter of 2002, there will be additional nonrecurrent special expenditures. These expenditures will include, to a lesser extent, expenses affecting liquidity and, to a larger extent, expenses not affecting liquidity.

The incoming orders of the past quarter have again developed very positively throughout the Group. During the third quarter of the year, incoming orders of the Softing Group amounted to 5.1 million EUR (in 2001:  3.6 million EUR) and during the first nine months, to 14.9 million EUR (in 2001:  11.7 million EUR). Thus, the incoming orders of the previous year (2001:  16.3 million EUR) were nearly achieved already at the end of the third quarter for this important medium- and long-term indicator of the business.

At the end of the third quarter, equity capital amounted to 14.7 million EUR, i.e. 2.94 EUR per Softing share. At the end of the reporting period, the liquid assets of Softing AG amounted to 4.0 million EUR; the liquidity position of the Group is therefore secure.

As of November 7, 2002, the quarterly report 3/2002 of Softing AG can be downloaded as a pdf file from the Investor Relations page of the Softing Web site (www.softing.com). Contact: Dr. Stephan Fickel, phone: +49-89-45656-333, Email: InvestorRelations@softing.com

end of announcement            euro adhoc 06.11.2002
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Further inquiry note: Dr. Stephan Fickel

Branche: Software
ISIN:      DE0005178008
WKN:        517800
Index:    Nemax All Share, Nemax Technology
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Hamburger Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / Neuer Markt



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