Softing AG Adjusts Goodwill Value, Maintains Positive Outlook

• Softing AG expects goodwill impairments of EUR 7.0 million to EUR 9.0 million at Group level in the Softing IT Networks and GlobalmatiX divisions.
• The impairments are necessary due to changes in the business models of both divisions.
• Softing IT Networks has transitioned from a trading business to a product business, resulting in the discontinuation of the old trading business and the need for a value adjustment.
• GlobalmatiX AG has changed its sales approach and marketing strategy, focusing on more complex data and services, which requires a value adjustment.
• The correction of goodwill in both companies is unique and there are no further risks arising from goodwill after this correction.
• The impairments will not have an impact on the main performance indicators of Softing AG.

The price of Softing at the time of the news was 5,5250EUR and was down -6,36 % compared with the previous day.

Softing

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ISIN:DE0005178008WKN:517800

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