The Executive Board of Softing AG expected to achieve for the year 2024 a sales volume of EUR 105 million and an operating EBIT of approximately EUR 4 million.
As previously communicated, the achievement of these targets depended on the realization of individual large-volume and high-margin businesses. Due to a sharp decline in the business of our automotive and industrial customers, they are cancelling planned investments or postponing them into the year 2025.
As a result of the weakend customer demand, the Management Board considers the previous sales and earnings expectations to be no longer achievable.
The Management Board now expects revenues of between EUR 90 million and EUR 95 million, an operating EBIT of between EUR 2 million and EUR 2.5 million and a break-even EBIT.
