Software AG

euro adhoc: Software AG
Software AG confirms market entry into Brazil on January 1st, 2008

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 18.12.2007 - New York´s Southern District Court rules in Software AG´s favor in dispute with Consist, Software AG´s Brazilian distributor - Software AG´s office in Sao Paulo to start direct sales on January 1st, 2008 - Direct market presence in Brazil expected to contribute revenue of $20 to $30 million in 2008 - Group target EBIT margin raised to 23% - 24% in 2008 Darmstadt, Germany, 17.12.2007 Software AG today announced that the legal dispute with Consist, their distributor in Brazil, has been settled in Software AG´s favor. The United States District Court for the Southern District New York today decided that Software AG has legally terminated their distribution agreement with Consist. The ruling paves the way for Software AG to start direct operations in Brazil from its Sao Paulo office on Jan 1st, 2008 as planned. Software AG has forecast growth of group revenue in the range of 22% to 25% in 2008 at constant currency rates. This includes the direct market presence in Brazil which is expected to provide a revenue contribution of $20 to $30 million in 2008. Based on the court ruling, Software AG does not incur any additional extraordinary market entry costs and therefore has raised the 2008 target EBIT margin to 23% - 24%. Establishing direct activities in Brazil is a major step for Software AG and will support the company in reaching its target of EUR1 billion revenue even earlier than the planned 2011. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Software AG Im Internet recherchierbar: Further inquiry note: Otmar F. Winzig Vice President Investor Relations Phone +49 (0) 6151 92-1699 Fax +49 (0) 6151 92-1191 Norbert Eder Vice President Corporate Communications Phone +49 (0) 6151 92-1146 Fax +49 (0) 6151 92-1444 Branche: Software ISIN: DE0003304002 WKN: 330400 Index: TecDAX, CDAX, HDAX, Prime All Share, Technologie All Share Börsen: Börse Frankfurt / regulated dealing/prime standard Börse Berlin / free trade Börse Hamburg / free trade Börse Stuttgart / free trade Börse Düsseldorf / free trade Börse Hannover / free trade

Das könnte Sie auch interessieren: