Risks and Opportunities for the Company's Future Development As of the reporting date of March 31, 2021, the Company's risk and opportunity structure had not deviated significantly from the description in the consolidated financial statements for the year ended December 31, 2020. Material changes are also not expected for the remaining nine months of 2021. For more detailed information, we refer to the Group Management Report in the 2020 Annual Report, page 10 et seq. New risks relating to the COVID-19 crisis are currently being reviewed on an almost daily basis and acted on at short notice as required. This affects the global business activities of the entire Group, in close cooperation with the Executive Board and the management of the individual units. The effects of the global chip crisis are not yet fully foreseeable. Softing is currently responding to it as described above. Outlook We are currently confirming the Group's guidance for 2021 published in the management report of the 2020 Annual Report (p. 33). Overall, we continue to anticipate an increase in both revenue and incoming orders for the 2021 financial year. We anticipate both EBIT and operating EBIT to be in the range of EUR 2.0 million to EUR 3.0 million. However, the above revenue and EBIT planning is contingent on a global economic stabilization and recovery in the next nine months of 2021. The earliest update to the forecast can be published after the COVID-19 crisis has subsided in Europe, as the economic uncertainty associated with the pandemic will continue to make it impossible to issue specific statements before that. Events after the Reporting Period There are no events after the reporting date of the quarterly management statement to report. General accounting policies The consolidated financial statements of Softing AG as of December 31, 2020 were prepared in accordance with the International Financial Reporting Standards (IFRSs) and the guidance of the International Accounting Standards Board (IASB) applicable at the reporting date. The quarterly management statement as of March 31, 2021, which was prepared on the basis of International Accounting Standard (IAS) 34 "Interim Financial Reporting", does not contain all of the required information in accordance with the requirements for the presentation of the annual report and should be read in conjunction with the consolidated financial statements of Softing AG as of December 31, 2020. In general, the same accounting policies were applied in the quarterly management statement as of March 31, 2021 as in the consolidated financial statements for the 2020 financial year. This quarterly management statement was prepared without an auditor's review. Changes in the Basis of Consolidation As of March 31, 2021, no changes occurred in the basis of consolidation of Softing AG compared to December 31, 2020. Key figures for the 1st quarter of 2021 Quarterly Quarterly All figures in EUR million management statement management statement 1/2021 1/2020 Incoming orders 24.0 21.0 Orders on hand 18.4 19.4 Revenue 20.1 20.0 EBITDA 2.3 1.3 EBIT 0.4 -0.7 EBIT (operating) 1.2 0.0 Net profit/loss for the period -0.7 -0.5 Earnings per share in EUR (operating) 0.08 -0.06 Contact: For furthter information please contact: Softing AG Investor Relations Richard-Reitzner-Allee 6 D-85540 Haar Tel. +49 (0)89 456 56-0 ----------------------------------------------------------------------------------------------------------------------- Additional features: File: Interim Statement on the 1st Quarter of 2021 -----------------------------------------------------------------------------------------------------------------------
2021-05-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1191876 End of News DGAP News Service =------------
1191876 2021-05-04
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May 04, 2021 02:31 ET (06:31 GMT)