Softing finished the 2019 fiscal year with its highest revenues ever of EUR 91.1 million (previous year: EUR 83.9 million).
The operating EBIT (EBIT corrected of capitalized product development, depreciation and purchase price allocation) amounted to EUR 4.1 million (previous year EUR 3.5 million). This number includes start-up costs of approx. EUR 2 million for GlobalmatiX AG which had been acquired in 2018.
Cash and cash equivalents amounted to EUR 14.9 million at year-end (previous year: EUR 9.7 million). Softing’s equity-to-assets ratio amounts to 60% (previous year 68.5%).
Softing expects growing revenues and further improvements on EBIT in fiscal year 2020. The Company will issue an initial guidance with the publication of final figures in its 2019 annual report.
The complete annual report for 2019 will be available at www.softing.com from March 27, 2020.