|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||4.93 - 5.06|
|52-week range||4.93 - 5.06|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Softing Inc. today introduces the NetXpert XG Plus Ethernet cable tester and active network manager, the latest advancement in Softing’s network communications cable testing portfolio extending cable qualification to fiber optic cable. NetXpert XG Plus cable qualifier is part of a complete IT Network solutions portfolio from Softing for certifying, qualifying, and verifying cabling installations and active IT Networks.
Softing AG / Key word(s): Change in Forecast Softing AG Suspends Forecast for 2020 19-Jun-2020 / 12:59 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *With respect to the COVID-19 pandemic, the managing board of Softing AG has determined today that the financial forecast as given in the Q1-2020 report concerning EBIT, operational EBIT and sales equal to the previous fiscal year may not be achieved. Deliveries of products and projects of lead customers, which had been the basis for the previous forecast, are partially stretched into the year 2021 or may be shifted to 2021 completely. Such, a fast and significant recovery of the world economy as assumed in the Q1-2020 report has to be questioned.We are pleased with the robust cash situation at Softing AG. This in combination with strict cost management enables the company to proceed with all its major product developments and product enhancements.Our internal forecast scatters between reaching the previous forecast and a significant reduction thereof due to the inherent uncertainty of the duration and the consequences of the COVID-19 pandemic. Therefore, a reliable forecast for sales and profit cannot be given at this point in time. Contact: Dr. Wolfgang Trier CEO * * *19-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Softing AG Richard-Reitzner-Allee 6 85540 Haar Germany Phone: +49 (0)89 456 56-333 Fax: +49 (0)89 456 56-399 E-mail: InvestorRelations@softing.com Internet: www.softing.com ISIN: DE0005178008 WKN: 517800 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1074325 End of Announcement DGAP News Service
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