Brief: Software Q1 EBIT At EUR 3.1 Mln

Software AG

27/04/2023 06:12

April 27 (Reuters) - SOFTWARE AG  SOWGn.DE :
    * FULL-YEAR GUIDANCE FOR 2023 CONFIRMED
    * Q1 OPERATING PROFIT MARGIN (EBITA, NON-IFRS) DEVELOPED AS
PLANNED AND REACHED 11.2%.
    * GROUP PRODUCT SALES INCREASED BY 2% YEAR-ON-YEAR OR 1% IN
CONSTANT CURRENCY, IN LINE WITH EXPECTATIONS
    * ADABAS & NATURAL (A&N) CONVERSION TO SUBSCRIPTIONS
CONTINUES,
WITH SEGMENT ARR GROWING 5% OR 7% AT CONSTANT CURRENCY
    * Q1 THE ARR IN THE DIGITAL BUSINESS REACHED €518.9 MILLION
(PREVIOUS YEAR: €429.4 MILLION),
    * Q1 TOTAL REVENUE AT €210.6 MILLION
    * Q1 GROUP PRODUCT SALES INCREASED BY 2 % OR BY 1 % AFTER
ADJUSTING FOR FOREIGN EXCHANGE EFFECTS TO € 169.8 MILLION
(PREVIOUS YEAR: € 166.9 MILLION)
    * Q1 GROUP EARNINGS BEFORE INTEREST AND TAXES (EBIT)
AMOUNTED TO
€3.1 MILLION
    * Q1 THE OPERATING RESULT (EBITA, NON-IFRS) AMOUNTED TO
€23.6
MILLION
    * FREE CASH FLOW AMOUNTED TO €20.9 MILLION IN THE FIRST
QUARTER
(PREVIOUS YEAR: €24.3 MILLION)

Source text for Eikon:  ID:nPex9J838a 
Further company coverage:  SOWGn.DE 

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