Softing AG

SYT

Equity

ISIN DE0005178008 / Valor 1080222

Xetra (2024-09-18)

EUR 4.30+0.94%

Softing AG
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About company

Softing AG is a company that specializes in providing measurement equipment for qualifying, certifying, and documenting the performance of cabling in IT systems through its Softing IT Networks division. Additionally, the company's Softing Automotive division focuses on the entire lifecycle of electronic control units and overall vehicle systems, from engineering through manufacturing to after-sales service. Softing is known for its expertise in the exchange of digital data and the provision of information for applications in automotive industries, industrial production, and ensuring the performance of IT systems. The company's products and services help customers optimize the efficiencies of their equipment and value creation processes.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the fourth quarter of 2022, Softing AG reported a significant increase in revenue, reaching EUR 98.3 million compared to EUR 84.7 million in the same quarter of the previous year. This marks a notable improvement and reflects the company's successful efforts in expanding its market presence and product offerings.

EBIT Performance

Softing AG's EBIT (operating) for Q4 2022 stood at EUR 3.3 million, up from EUR 3.0 million in Q4 2021. This positive trend indicates the company's effective cost management and operational efficiency, contributing to better profitability despite challenging market conditions.

EBITDA Increase

The EBITDA (IFRS) for Softing AG in the fourth quarter of 2022 was EUR 9.7 million, an increase from EUR 9.1 million in the same period of the previous year. This growth in EBITDA highlights the company's strong operational performance and ability to generate cash flow from its core business activities.

Consolidated Profit

Despite the revenue and operational improvements, Softing AG reported a consolidated loss (IFRS) of EUR 1.2 million in Q4 2022, compared to a loss of EUR 0.1 million in Q4 2021. This indicates that while the company has made strides in revenue and operational metrics, it still faces challenges in achieving overall profitability.

Earnings Per Share

Softing AG's earnings per share (IFRS) for the fourth quarter of 2022 were EUR -0.13, compared to EUR -0.1 in the same quarter of the previous year. This decline in EPS reflects the company's ongoing efforts to balance growth initiatives with profitability, and the impact of external economic factors on its financial performance.

Summarized from source with an LLMView Source

Key figures

-31.2%1Y

-34.8%3Y

-42.0%5Y

Performance

29.5%1Y

38.1%3Y

39.0%5Y

Volatility