Softing finished the 2015 financial year with a record revenue of EUR 82.3 million (previous year: EUR 74.5 million). This represents a 10% jump in revenue. Growth was primarily generated in the US market, validating Softing’s vision of being a global company.
Operating EBIT (EBIT adjusted for effects from purchase price allocation and capitalized development services and amortization on these) amounted to EUR 7.1 million and, with a 36% year-on-year increase, reached a new level. Softing considers this result a healthy foundation for subsequent years.
Despite considerable repayments, cash and cash equivalents increased to EUR 9.2 million at year-end (previous year: EUR 8.8 million). This means that Softing AG has successfully concluded the 2015 transition year.
Softing expects both revenue and operating EBIT to increase further in financial year 2016. The Company will issue an initial guidance with the publication of final figures in its 2015 annual report.
The complete annual report for 2015 will be available at www.softing.com from March 23, 2016.