Softing suspends forecast due to pandemic

Given the consequences of the corona pandemic, Softing is suspending its 2020 forecast. “Product and project calls from key customers, which were the basis of the originally made outlook, will in some cases be extended to 2021 or could be completely postponed to 2021”, the company from Haar near Munich announced on Friday. So far, the company had mentioned a rapid and significant recovery in the global economy in the second half of the year as a prerequisite for the previous forecast. This has to be questioned.

The previously expected figures for operating EBIT and sales at the previous year’s level are unlikely to be achieved, according to the South Germans. A concrete new forecast could not be given due to the uncertainty about the duration and consequences of the Covid-19 pandemic.

“Pleasing is the very robust liquidity situation of Softing AG, which together with consistent cost management enables the continuation of the essential new product developments and further product developments”, says Softing.

At a glance – chart and news: Softing

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