Ad-hoc-release – Change in forecast: EASY SOFTWARE AG adjusts EBITDA forecast for fiscal 2019 by up to minus 10%

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

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