Softing AG Q1 2024 Interim Report: Key Insights and Highlights

• Softing AG reported a revenue of EUR 24.2 million in Q1 2024, a drop from EUR 28.5 million in 2023 due to the clearing of backorders.
• The company's order volume at the end of Q1 2024 was EUR 37.2 million, falling short of the previous year's EUR 69.8 million.
• The Industrial segment generated a revenue of EUR 16.1 million in Q1 2024, down from EUR 22.5 million in 2023.
• The Automotive segment's revenue increased to EUR 6.5 million in Q1 2024, up from EUR 4.5 million in the same period in 2023.
• IT Networks segment recognized a revenue of EUR 1.8 million in Q1 2024, with operating EBIT remaining negative at EUR -0.4 million.
• Softing AG reiterated its full-year guidance for the Group of total revenue between EUR 105 and EUR 113 million, with operating EBIT expected to be between EUR 5 and EUR 7 million.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Softing is on 07.05.2024.

The price of Softing at the time of the news was 5,3500EUR and did not change compared to the previous day.
18 minutes after the article was published, the price was 5,3000EUR this corresponds to a minus of -0,93 % since publication.

Softing

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ISIN:DE0005178008WKN:517800

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