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
For 30 years, EASY SOFTWARE AG, headquartered in Mülheim an der Ruhr, Germany, has been developing intuitive, customised software products for customers to digitise business processes, which can be seamlessly integrated into existing systems and automate, mobilise and optimise workflows of its customers worldwide. EASY provides these solutions on-premises, in the cloud and mobile.With more than 13,600 cross-industry installations, EASY SOFTWARE is one of the market leaders for software products and software solutions in Germany. Since its founding in 1990, the company has been active in 60 countries and currently employs almost 400 people. EASY SOFTWARE has a network of around 100 partners. Its international subsidiaries are located in Europe, Asia and the USA.With the acquisition of Apinauten GmbH from Leipzig, EASY SOFTWARE AG made a technology acquisition with the multi-experience platform ApiOmat at the end of 2018, which provides access to new customer segments in the attractive and strongly growing cloud business.Since the merger of Apinauten GmbH with EASY ENTERPRISE SERVICES GmbH in August 2019, the ApiOmat platform has been under the banner EASY APIOMAT GmbH.In the 2020 financial year, the EASY SOFTWARE Group achieved sales revenues of EUR 49.2 million.
EASY SOFTWARE
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