DGAP-News

Softing AG: Q3 2016 Statement - Seite 3

financial statements for the year ended December 31, 2015. Material changes
are also not expected for the remaining three months of 2016. For more
detailed information, we refer to our Group Management Report in the 2015
Annual Report, page 9 et seq. There was one change in the basis of
consolidation of Softing AG as of September 30, 2016. Shanghai Softing
software Co., Ltd, which was founded by Softing, commenced operations
effective August 1 and is now responsible for distributing Softing products
in China.

In the first nine months, the Industrial segment's growth trajectory in
Europe was strong, but performance in the United States and Asia was weaker
year on year. Compared with the prior-year period, growth in the Automotive
segment was very good, and performance going forward looks positive as
well.

Key figures of the Softing Group at a glance:


All figures in EUR Quarterly report Quarterly report
million
3/2016 3/2015

Incoming orders 59.4 63.0
Revenue 58.9 57.3
EBITDA 6.2 7.0
EBIT (operating) 2.7 3.9
Net profit for the 1.6 2.1
year
Earnings per share in 0.38 0.57
EUR (operating)


Results of Operations
In the Automotive Electronics segment, revenue rose by 13% in the first
nine months of 2016 to EUR 16.8 million (previous year: EUR 14.9 million),
while the Industrial Automation segment saw virtually stable revenue of EUR
42.1 million (previous year: EUR 42.4 million).
EBIT (operating) in the Automotive segment was up from EUR 0.4 million to
EUR 0.7 million. In the Industrial segment, EBIT (operating) declined from
EUR 3.7 million to EUR 2.0 million.
Despite the weakness of the US market, the total revenue of the Softing
Group amounted to EUR 58.9 million in the first nine months of 2016,
increasing EUR 1.6 million year on year (previous year: EUR 57.3 million).
Operating EBIT (EBIT adjusted for capitalized development services and
amortization on these as well as effects from purchase price allocation) in
the reporting period totaled EUR 2.7 million (previous year: EUR 3.9
million). The decline is largely due to the lower gross profit generated on
the US market. EBIT amounted to EUR 2.5 million (previous year: EUR 3.1
million). EBITDA was EUR 6.2 million in the first nine months (previous
year: EUR 7.0 million), and the EBITDA margin was 10% (previous year: 12%).

Net Assets and Financial Position
The equity ratio as of September 30, 2016 was 53% (December 31, 2015: 51%);
the share capital of Softing AG remained unchanged at EUR 6,959,438 as of
September 30, 2016.
Cash and cash equivalents as of September 30, 2016 amounted to EUR 8.4
million (December 31, 2015: EUR 9.2 million). Capital expenditure on