Softing AG Revises Annual Forecast Amidst Market Challenges

Softing AG has announced a revision of its full-year guidance for 2024 due to significant market changes. The company initially projected a sales volume of EUR 105 million and an operational EBIT of around EUR 4 million. However, a notable decline in business from their automotive and industrial clientele has led to cancellations and postponements of planned investments into 2025.

Consequently, the company's management now anticipates revenue between EUR 90 million and EUR 95 million, with an operating EBIT ranging from EUR 2 million to EUR 2.5 million, and a break-even EBIT. This adjustment reflects the reduced demand and strategic shifts necessitated by the evolving business environment.