For the first three months of 2001, turnover and EBIT of Softing are according to plan
With 8.0 million DM (9.2 million DM in 2000), incoming orders were slightly below plan; however, we are happy to announce that the vol-ume of orders on 31 March, 2001, amounted to 12.8 million DM, which is approx. 60 % more than in 2000 (8.1 million DM). During the first quarter of the year, the Softing group achieved a turnover of 8.1 million DM worldwide (in 2000: 6.1 million DM). The EBIT amounted to –1.9 million DM. It must be taken into account that the first quarter usually brings low sales and low profit and that especially the antedated product developments for 2001 had effects on incoming orders. On 31 March, 2001, the deficit amounted to –1.0 million DM.
Retroactively as of 1 January, 2001, the operative Softing GmbH, a wholly-owned subsidiary of Softing AG, was merged with the latter which had acted as holding company up to this point. The merger aimed at cost savings and, above all, at a higher brand transparency of Softing due to a uni-fied company image.
The company’s most important goal continues to be market leadership in the area of Internet-based control systems with the product 4CONTROL. This involves a clear orientation of all new compo-nent developments in Industrial Automation towards synergistic effects with 4CONTROL and, in connection with that, a narrower Softing pro-duct range.
This year again, one of our main focuses will be on strengthening our international market posi-tion; for the second half of 2001, the establishment of a sales office in the United States is envisaged. The first important steps have already been taken;
now we are planning to found a subsidiary in the Boston area. In addition to these investments in expanding our global sales and support network, we are constantly examining possibilities where capital tie-ups with other companies can lead to synergistic effects for Softing.
To remain in the lead of the technological trends in our sectors, Softing will continue to actively cooperate in the important national and, above all, in the international standardization forums.
S o f t i n g – E v e r y t h i n g u n d e r 4 C O N T R O L
Employees
Automotive Electronics –
all Core Figures According to Plan
In the business segment Automotive Electronics, incoming orders during the first three months of the current financial year amounted to 4.2 million DM (in 2000: 3.7 million DM). Turnover ran to 3.5 million DM and EBIT to 90,000 DM. A high-light for this segment during the first quarter of 2001 was that the VW group could be won as an important direct partner for electronic diagnosis in the field of workshop testers.
Industrial Automation –
an Area Marked by Reorientation
In the business segment Industrial Automation, incoming orders amounted to 3.2 million DM (in 2000: 5.0 million DM). Turnover ran to 3.9 million DM and EBIT to –0.6 million DM. The antedated component developments around the product family 4CONTROL in Industrial Automation had effects on the project business.
4CONTROL - Internet-based Automation – Softing-based Solutions
In the business segment 4CONTROL, incoming orders during the first three months of 2001 amounted to 0.6 million DM (2000: 0.4 million DM). Turnover ran to 0.7 million DM and EBIT to -1.3 million DM. As a new important reference customer for Softing, Krauss Maffei could be won for 4CONTROL during the first quarter of the year.
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On 2 January, 2001, the stock price was 3.30 Euros. Shortly after, it fell below 3 Euros and took a very favorable course after this. At the close of the offi-cial stock market in Frankfurt on 29 March, 2001, however, the price was again below 4 Euros. By persistently continuing its high-quality work, Softing will gain in the financial public the place which has never been questioned in the technical world and customers’ opinion.
Company Schedule
Shareholders’ meeting in the “Haus der Bayerischen Wirtschaft”
in Munich, Germany 29. 05. 2001 Semi-annual report 2/2001 14.08.2001 Quarterly report 3/2001 22.11.2001 Audited annual statements 2001 28.03.2002 Shareholders’ meeting 2002 06.06.2002 Contact Softing AG Investor Relations Tel: +49 (89) 4 56 56-333 Fax: +49 (89) 4 56 56-492 E-Mail: [email protected]
S t o c k P r i c e R e m a i n s a t l o w L e v e l
Final Prices Official Stock Market Frankfurt
Ownership of stock; Status: 31. March, 2001
During the reporting period, no member of the Managing Board nor any member of the Supervisory Board performed any share transac-tions to be reported.
G r o u p B a l a n c e S h e e t
A c c o r d i n g t o I A S ; S t a t u s : 3 1 M a r c h , 2 0 0 1 , n o t A u d i t e d
ASSETS
A. Fixed assets
I. intangible assets
1. industrial property rights and similar rights and values as well as licenses to such rights and values 2. goodwill
II. tangible assets
other assets, furnitures and fixtures III. financial assets
1. other loans
B. Deferred taxes
C. Current assets
I. stocks
II. accounts receivable and other assets 1. trade debtors
2. loans to affiliated undertakings 3. other assets
III. investments VI. liquid funds
D. Prepayments and accrued income
G r o u p B a l a n c e S h e e t
A c c o r d i n g t o I A S ; S t a t u s : 3 1 M a r c h , 2 0 0 1 , n o t A u d i t e d
LIABILITIES
A. Equity capital
I. subscribed capital II. capital reserves
III. reserve from capital consolidation IV. consolidated net earnings
B. Minority interests
C. Accruals
1. Accruals for pensions and similar liabilities 2. provisions for taxation 3. other accruals
D. Liabilities
1. liabilities to credit institutions
2. liabilities from long-term production orders 3. customer prepayments for orders
4. trade accounts payable 5. other liabilities
E. Accruals and deferred income
G r o u p P r o f i t a n d L o s s A c c o u n t
A c c o r d i n g t o I A S ; S t a t u s : 3 1 M a r c h , 2 0 0 1 , n o t A u d i t e d
1. sales revenues
2. change in inventory of finished and unfinished products
3. other internally produced and capitalized assets 4. other operating revenue
5. raw materials and consumables
a) expenses for raw materials and supplies and for purchased goods
b) expenses for purchased services 6. Staff costs
a) wages and salaries
b) social insurance contributions and social costs for old age pension and for support 7. amortization of intangible
and tangible assets 8. other operating expenses
9. income from long-term financial investments 10. other interests and similar earnings 11. interest and related expenses
12. result of ordinary business activities
13. income taxes 14. other taxes
15. annual net profit / deficit (-)
16. minority interests
17. transfer to earnings reserves 18. profit carried forward
19. consolidated profit / consolidated loss (-) net earnings per share according to DVFA / SG
G r o u p C a s h - F l o w S t a t e m e n t
A c c o r d i n g t o I A S ; S t a t u s : 3 1 M a r c h , 2 0 0 1 , n o t A u d i t e d
n result for the period (including shares of minority shareholders before extraordinary items)
n write-downs/write-ups on fixed assets (including start-up expenses)
n increase/decrease in provisions
n profit/loss from the disposal of fixed assets
n increase/decrease in inventories, trade accounts receivable and other assets not part of investment or financing activities
n increase/decrease in trade accounts payable and other liabilities not part of investment or financing activities
cash flow from operating activities
n payments received for the disposal of tangible assets
n payments made for investments in self-produced intangible assets
n payments made for investments in other intangible or tangible assets
n payments received for the disposal of financial assets
n payments made for investments in financial assets
cash flow from investing activities
n payments received from equity increases (without conversion of capital and profit reserves to equity)
n payments made or received due to short-term financial investments
n payments received from issuing bonds and taking up loans
n changes in reserves due to capital consolidation
n payments made for IPO costs
n transfer to capital reserves (without third-party shares)
n payments received for third-party shares
n payments made for the redemption of bonds and loans
cash flow from financing activities
n changes in funds not affecting the movement of funds
n funds at the beginning of the period
funds at the end of the period
