EQS-News

Softing AG corrects goodwill from goodwill – Outlook remains positiv - Seite 2

The correction of goodwill in both companies is therefore unique. Further risks arising from goodwill do not exist after this correction.

Dr. Wolfgang Trier, CEO of Softing AG: "Although both Softing IT Networks and GlobalmatiX are developing in line with the latest plans and are facing significant revenue and earnings growth in 2024, we have to make impairments on the goodwill originally formed due to the changes in the respective business models that have taken place in recent years. This step will not have any impact on our main performance indicators of Group operating EBIT (Group EBIT adjusted for capitalized development activities and their depreciation and amortization, as well as effects from the purchase price distribution), Group EBITDA and Group cash flow. Despite a rather subdued economic environment, we remain optimistic about the coming financial year."

About Softing AG
Softing is a globally active management holding company. The Softing companies produce and sell hardware and software in the Automotive Electronics, Industrial Automation and IT Networks business segments. In close customer relationships, technologically high-quality standard products as well as individual solutions are realized. Softing operates in growth markets with all three business segments.

Contact:
Dr. Wolfgang Trier
CEO

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15.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Softing AG
	Richard-Reitzner-Allee 6
	85540 Haar
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
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:	1798275