the Darmstadt-based company has gone with good figures in the current year. (Photo: AP)
Berlin software AG with an unexpectedly strong license business enterprise software into the new year started. “The increase in our licenses reflects our loyal customer base,” CEO Karl-Heinz Streibich said Wednesday in a conference call with analysts. “We are firmly committed to our forecast for 2016.”
With an increase in operating profit (EBITA) by nearly a quarter to 59 million euros and a sales increase of nine percent to 206 million euros exceeded the Darmstadt SAP rival analysts’ expectations. In addition, the transactions for the Group were worth more: The operating sales margin rose to 29 from 25 percent last year. Companies listed on the TecDAX stocks jumped in the head by more than nine percent to its highest level in nearly five years.
The Group Revenues from software licenses rose in the first quarter by 30 percent to 59 million euros, the contrast, maintenance revenues stagnated at 99 million euros. In particular, the growth of the division Databases (A & N) surprised. Reason for the increase of 20 percent in the first quarter were mainly early contracts, Software AG expects a sales decline of up to eight percent of the area for the full year stated.
a downer in the quarterly figures found analysts hoping division Digital Business Platform (DBP), the business integration software company. Here, sales rose by six percent. For the full year range between five and ten percent is expected to grow.
“The development was much better than expected,” concluded DZ Bank analyst Harald Schnitzer together the first quarter. Against this background, reaffirmed full-year targets appeared conservative. This year, the Management Board expects an improvement in operating margin to 30 to 31 percent.
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