Softing AG completed 2014 with significant growth
- Sales grew to EUR 74.5 million (EUR 52.6 million)
- Earnings per share resulted in EUR 0.58 (EUR 0.69)
- Cash dividend of EUR 0.25 per share proposed
Softing announces 2014 consolidated sales of EUR 74.5 million (previous year EUR 52.6 million). This represents a sales growth of more than 40%. The growth is mainly driven by recent acquisitions which all exceeded Softing’s expectations.
The EBIT resulted in EUR 5.9 million (previous year EUR 6.2 million). This is a healthy base for the upcoming years as it includes more than EUR 1 million direct and indirect one-time costs related to the 2014 acquisitions and EUR 0.8 million from the Purchase Price Allocation (PPA) on intangible assets.
Cash and cash equivalents amounted to EUR 8.8 million (previous year EUR 12.5 million). Earnings per share amounted to EUR 0.58 (previous year: EUR 0.69). The auditors have fully approved Softing’s consolidated financial statements. The Executive Board and the Supervisory Board propose a cash dividend of EUR 0.25 per share to the annual shareholder meeting held on May 6, 2015.
Softing expects a continuing growth of sales and EBITDA in 2015. Traditionally, Softing will publish a numeric guidance following the presentation of the 2015 first quarter results.
All details of the 2014 financial year can be found under www.softing.com in the 2014 annual report which will be published on March 27, 2015.