Mülheim an der Ruhr, February 24, 2020 – EASY SOFTWARE AG (ISIN DE000A2YN991, WKN A2YN99) is expected to close the 2019 fiscal year slightly below the projected sales and EBITDA corridor. According to preliminary, unaudited data, sales are just below EUR 51 million (forecast: EUR 51 to 53 million, 2018: EUR 46.6 million). In the course of the closing entries – even before the start of the main audit by the auditor – it became apparent that EBITDA could be up to 10% lower than the lowest value of the forecast corridor of EUR 4.7 to 5.7 million (2018: EUR -0.9 million without IFRS 16). Two main effects are responsible for the expected deviation in the 2019 financial year: on the one hand, it has now become necessary to make additional allocations to provisions, and on the other hand, a right of withdrawal exercised by individual customers, which affects contracts and revenues already booked in December.

EASY SOFTWARE AG
The Management Board

About EASY SOFTWARE
EASY SOFTWARE AG, with its headquarter in Mülheim an der Ruhr, Germany, is developing intuitive and customized software products and services for customers for the digitization of business processes for since 1990. These products can be seamlessly integrated into existing systems and automate, mobilize, and optimize their customers' workflows worldwide. EASY provides these solutions on-premises, in the cloud and mobile. With over 13,600 cross-industry installations, EASY SOFTWARE AG is one of the market leaders for software products and solutions in Germany. Since its foundation in 1990, the company has been active in 60 countries and currently has 393 employees. The EASY SOFTWARE has a network of around 100 partners. Its international subsidiaries are located in Europe, Asia and the USA. At the end of 2018, EASY SOFTWARE AG made the significant technology acquisition of Apinauten GmbH from Leipzig, which offers the multi-experience ApiOmat platform. It will provide access to new customer segments in the attractive and fast-growing cloud business. Following the merger of Apinauten GmbH with EASY ENTERPRISE SERVICES GmbH in August 2019, the ApiOmat platform operates under the EASY APIOMAT GmbH banner. In fiscal year 2019, the EASY SOFTWARE Group generated revenues of EUR 50.6 million.
EASY SOFTWARE

That was EASY WORLD 2020
100% Digital

A day full of knowledge transfer, exchange and inspiration for your digitization. All lectures of EASY WORLD 2020 are available as recordings on our website. Register once and take a look at them at any time.

Watch the videos
This might also interest you:
Back to topic Next Post