Software AG

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

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- 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.

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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

Weitere Meldungen: Software AG

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