Brief: Softing Q1 Incoming Orders Down At EUR 21 Mln

Softing AG

04/05/2020 07:22

May 4 (Reuters) - SOFTING AG  SYTG.DE :
    * INTERIM STATEMENT ON THE 1ST QUARTER OF 2020
    * Q1 EBIT WAS SLIGHTLY WEAKER YEAR-ON-YEAR AT EUR -0.7
MILLION
(PREVIOUS YEAR: EUR -0.5 MILLION)
    * Q1 MANAGED TO INCREASE REVENUE SLIGHTLY TO EUR 20.0
MILLION IN
Q1
    * Q1 INCOMING ORDERS FALLING TO EUR 21 MILLION (PREVIOUS
YEAR: EUR
24.8 MILLION).
    * ALTHOUGH WE ARE CURRENTLY ANTICIPATING A YEAR-ON-YEAR
DECLINE IN
REVENUE AND EBIT IN Q2, WE ARE EXPECTING A RECOVERY IN SECOND
HALF OF YEAR.
    * Q1 ORDERS ON HAND FELL ONLY SLIGHTLY TO EUR 19.4 MILLION
(PREVIOUS YEAR: EUR 20.5 MILLION)

Source text for Eikon:  ID:nEQ2MZ3v7a 
Further company coverage:  SYTG.DE 

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