Softing finished the 2017 fiscal year with revenues of EUR 78.7 million (previous year: EUR 80.4 million).
The EBIT amounted to EUR 2.3 million (previous year EUR 7.2 million including a one-time effect of EUR 4.1 million).
Cash and cash equivalents amounted to EUR 10.3 million at year-end (previous year: EUR 10.9 million). Softing’s equity-to-assets ratio improved to 65% (previous year 57%).
Softing expects stable revenues and a significantly improved EBIT in fiscal year 2018. The Company will issue an initial guidance with the publication of final figures in its 2017 annual report.
The complete annual report for 2017 will be available at www.softing.com from March 29, 2018.