May 2, 2017 / 8:47 AM / 3 months ago

BRIEF-Softing Q1 revenue up at 19.8 mln euros

1 Min Read

May 2 (Reuters) - Softing AG:

* Q1 revenue rose to 19.8 million euros ($21.61 million)(previous year: 17.9 million euros), equivalent to organic growth of 11%

* In Q1 orders on hand grew by more than 50% to 14.6 million euros (previous year: 9.7 million euros)

* Q1 incoming orders increased by 23% to an impressive 21.8 million euros(previous year: 17.7 million euros)

* First-Quarter EBIT was just 0.5 million eueos(previous year: 0.7 million euros)

* Raises annual revenue forecast to around 85 million euros and confirming our EBIT guidance of around 6 million euros for 2017 Source text for Eikon: Further company coverage: ($1 = 0.9163 euros) (Gdynia Newsroom)

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