Software AG plans to generate sales of 1 billion euros by 2023. The company confirmed this at the general meeting. The operating EBITA margin is expected to be between 25 percent and 30 percent. The reduced forecast for the current year should be confirmed with the coming figures. For example, there should be an order increase of 20 percent to 40 percent in the cloud and IoT area. In the DBP segment, the increase is expected to be 10 percent.
On July 22nd, the Darmstadt-based company released the second quarter figures. DZ Bank analysts expect sales of EUR 200 million. The operating non-IFRS EBIT is seen at 40 million euros.
So far, the analysts have issued a buy recommendation for Software AG shares. The target price was EUR 35.00. In the new study, the rating drops to “hold”. The new target price is EUR 37.00.
Software AG’s shares have recently risen sharply. Therefore, the paper is graded.
The demand in the field of digitization is increasing strongly. This can also be related to the pandemic crisis.
Software AG’s papers today gain 0.8 percent to EUR 37.04.