Special effects bolster profit of Software AG – Echo-online

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DARMSTADT – Software AG has earned in the third quarter 2015 bottom line significantly more. Net income climbed to 44.8 (previous year: 30.4) million euros, as the software maker announced in Darmstadt on Wednesday. But the speculators left the profit jump quite cold in the morning, the price of SAG share was time, 0.5 percent.

“The early entry into the field of digitization and our technological leadership to show results”, assured Mr. Streibich, CEO of Software AG. The company is on the right track and will continue to grow profitably. With a margin of over 32 percent, Software AG had “achieved a peak in our industry” during the quarter, added CFO Arnd. “With this basis, we are very well prepared for the future”.

An important reason for the jump in profits in the third quarter, however, is a balance-sheet special effect: The company had provisions for remuneration of management resolved because initial sales targets are probably no longer be reached. Already about two weeks before the Darmstadt had announced that as approximately 15.6 million Euro were free and influenced the result positively. On the other hand a good eight million euros were laid for the reconstruction of the sales side. For two special effects had a positive impact on quarterly earnings in the amount of 7.3 million euros resulting.

The key data known to sales and operating profit confirmed the TecDAX companies. Turnover had increased by five percent to 215.9 million euros, while earnings before interest and taxes by more than one third to EUR 66.8 million.

The company confirmed that the initial forecasts for the years in the business integration software division (DBP) were no longer to create. For DBP Darmstadt now expect only an increase in sales of between zero and three percent. Previously wanted Germany’s second largest software maker after SAP here down six to twelve percent. But for this to its traditional business with database software now perform better than planned.

On September 30, 2015, the Software AG Group employed 4384 (4553) employees, of whom 1853 (1884) in Consulting, 919 (1026) in Sales and Marketing, 992 (989) in research and development and 620 (654) in the administration. The decline in the number of employees a company spokesperson justified by cost savings, the adoption of partial retirement programs as well as the withdrawal from the SAP consulting business. Work at the company headquarters in Darmstadt 710 (713) employees

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