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Abonner Software AG

Software AG

euro adhoc: Software AG
Justice/Processes
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

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

Plus de actualités: Software AG
Plus de actualités: Software AG