Ad hoc report pursuant to Clause 17 of the German Market Abuse Regulation – Earnings forecast for the 2018 financial year abandoned

Mülheim an der Ruhr, January 7, 2019.

In the course of preparing the annual financial statements, it became apparent that the results of EASY SOFTWARE AG and the Group, in addition to expected one-off costs, will be significantly impacted by additional one-off cost effects, which are largely attributable to other periods and caused by the acquisition of Apinauten GmbH. On the basis of previous findings, the Management Board anticipates additional one-off cost effects totaling around EUR 1.0 million. These will lead to the fact that the forecast Group EBITDA of EUR 0.4 million to EUR 1.0 million will most likely be significantly missed. The Management Board is therefore withdrawing its earnings forecast for the 2018 financial year. A revised forecast is currently not possible with sufficient certainty, as the company has not yet completed the closing entries.

The revenue expectations of EUR 45.0 million to EUR 47.0 million are maintained.

EASY SOFTWARE AG
The Board of Directors

related articles

What should you pay attention to when introducing archiving software at your company?

Investing in a system for audit-proof archiving represents an investment in the future. In this context, much depends on the current situation of your company. Before you implement an archiving solution, you should ask yourself important questions about it and answer them honestly.

READ MORE

The electronic invoice – compulsory in the B2B segment as of 2025?

Since 2020, German companies have been required to send all invoices for public contracts electronically as e-invoices. In future, all companies in Germany should only issue electronic invoices to each other in a structured data format.

READ MORE

Cyber Security in 2023: Interview with IT Director Andreas Fey

easy is a member of the Alliance for Cyber Security of the BSI (German Federal Office for Information Security). What does this commitment mean and why is high sensitivity to cyber security becoming more important with each passing year?

READ MORE