Brief: Softing FY Total Revenue At EUR 78 Mln

Softing AG

17/02/2021 06:58

Feb 17 (Reuters) - SOFTING AG  SYTG.DE :
    * EXCEEDS EXPECTATIONS IN 2020
    * FY TOTAL REVENUE OF SOFTING GROUP AMOUNTED TO APPROX. EUR
78
MILLION
    * COMMUNICATED AN OPERATING EBIT BETWEEN EUR 0 AND EUR 0.5
MILLION
AS ITS EXPECTATION FOR 2020
    * WE EXPECT NEED TO ADJUST VALUE OF A CERTAIN PRODUCT
ASSIGNED TO
"AUTOMOTIVE ELECTRONICS" SEGMENT. ADJUSTMENT IS EXPECTED TO
REDUCE EBIT BY APPROX. EUR 3.5 MILLION.
    * FY OPERATING EBIT OF APPROX. EUR 1,6 MILLION

Source text for Eikon:  ID:nEQ9jrb5Ba 
Further company coverage:  SYTG.DE 

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