Software AG cannot meet expectations

Software AG’s key data for the third quarter are below expectations. Both the estimates of the market and those of the Baader experts are in some cases clearly missed with the figures presented. The company reports a turnover of 180.5 million euros to 185.0 million euros, the analysts had expected 200.8 million euros. The analysts’ expectations for EBITA were 36.5 million euros. Ultimately, Software AG comes to 28.4 million euros to 31.9 million euros.

As before, the analysts have given the shares of Software AG an “add” rating. The price target of EUR 42.60 is also confirmed.

There was an attack against the Darmstadt team recently, so the numbers are reported in a range. More precise dates will follow in the coming weeks. The forecast for the year as a whole is adhered to. The margin should be between 20 percent and 22 percent. The consensus stands at 21.1 percent.

Software AG shares lost 3.3 percent to 34.38 euros at noon.


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