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

About EASY SOFTWARE
EASY SOFTWARE develops software solutions and actively drive the digital transformation for efficient, secure and mobile work with digital business processes. EASY integrates these into existing IT infrastructures and generates sustainable added value. This makes digitization a quick and easy experience for their customers.
EASY SOFTWARE
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