DGAP-News
Softing AG: Q3 2016 Statement - Seite 2
in four trade fairs and conferences where we reinforced our diagnostics and
security expertise by giving specialist presentations. This enabled us to
establish contact with several vehicle manufacturers, particularly in the
USA, that will generate new business in 2017. We are placing a similar
focus on Asia in the current fourth quarter by giving seminars and training
sessions to existing and future major customers.
We also want to continue expanding our market position through the
acquisition of suitable target companies. While doing this, we will also
let ourselves be guided by the overriding strategic importance of taking
business risks into consideration when structuring these acquisitions. Our
third-quarter checks revealed that some individual takeover candidates were
unable to meet these criteria. They were replaced with new opportunities
that are currently under review. Based on current information, we
anticipate that these transactions will take place in the first quarter of
2017 rather than the current year.
We confirm our existing guidance of annual revenue of between EUR 80 and 85
million and EBIT within a range of EUR 7 and 8 million. While the timely
delivery of several major orders in December poses a residual risk to our
forecasts, this primarily affects sales as a result of advance payments.
Nevertheless, we are currently confident of being able to process these
deliveries on schedule.
We hope that you, Softing's shareholders and friends, will remain
associated with us going forward and will continue to participate in the
Company's development.
Sincerely Yours,
Wolfgang Trier
Q3 2016 Statement
The quarterly management statement as of September 30, 2016, 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, 2015 (which were
prepared in accordance with the International Financial Reporting Standards
(IFRSs) of the International Accounting Standards Board (IASB) applicable
as of the reporting date). In general, the same accounting policies were
applied in the quarterly management statement as of September 30, 2016 as
in the consolidated financial statements for the 2015 financial year. As of
the reporting date of September 30, 2016, the Company's risk structure had
not deviated significantly from the description in the consolidated
million and EBIT within a range of EUR 7 and 8 million. While the timely
delivery of several major orders in December poses a residual risk to our
forecasts, this primarily affects sales as a result of advance payments.
Nevertheless, we are currently confident of being able to process these
deliveries on schedule.
We hope that you, Softing's shareholders and friends, will remain
associated with us going forward and will continue to participate in the
Company's development.
Sincerely Yours,
Wolfgang Trier
Q3 2016 Statement
The quarterly management statement as of September 30, 2016, 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, 2015 (which were
prepared in accordance with the International Financial Reporting Standards
(IFRSs) of the International Accounting Standards Board (IASB) applicable
as of the reporting date). In general, the same accounting policies were
applied in the quarterly management statement as of September 30, 2016 as
in the consolidated financial statements for the 2015 financial year. As of
the reporting date of September 30, 2016, the Company's risk structure had
not deviated significantly from the description in the consolidated
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte