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Softing AG (SYTG.DE)

SYTG.DE on Xetra

11.70EUR
11:36am EDT
Change (% chg)

€-0.25 (-2.09%)
Prev Close
€11.95
Open
€11.95
Day's High
€11.95
Day's Low
€11.70
Volume
9,299
Avg. Vol
11,934
52-wk High
€14.30
52-wk Low
€9.80

Latest Key Developments (Source: Significant Developments)

Softing gets EUR 7.9 mln gross proceeds from new shares placement
Thursday, 8 Jun 2017 01:22am EDT 

June 8 (Reuters) - SOFTING AG ::SAID ON WEDNESDAY: SUCCESSFUL COMPLETION OF THE CAPITAL INCREASE.SUCCESSFULLY PLACED 695.943 NEW SHARES WITH INSTITUTIONAL INVESTORS BY MEANS OF AN ACCELERATED BOOKBUILDING PROCEDURE.WILL RECEIVE GROSS PROCEEDS FROM THE PLACEMENT OF THE NEW SHARES IN THE AMOUNT OF EUR 7,864,156 GROSS.PLACEMENT PRICE WAS EUR 11.30 PER SHARE. THE XETRA CLOSING PRICE WAS EUR 11.36.THE PLACEMENT WAS OVERSUBSCRIBED BY MORE THAN FOUR TIMES..  Full Article

Softing decided to raise its capital
Wednesday, 7 Jun 2017 11:44am EDT 

June 7 (Reuters) - SOFTING AG ::SOFTING HAS DECIDED TO RAISE ITS CAPITAL.‍TO RAISE CAPITAL OF SOFTING FROM EUR 6.959.438,00 BY UP TO EUR 695.943 TO UP TO EUR 7.655.381,00 BY ISSUING UP TO 695.943 NEW SHARES​.TO USE CAPITAL RAISED TO FINANCE PRODUCT DEVELOPMENT IN ALL SEGMENTS AND TO FINANCE SMALL AND MEDIUM SIZED ACQUISITIONS, EXPECTED IN REMAINING TIME OF 2017, IN COMBINATION WITH DEBT​.  Full Article

Softing Q1 revenue up at 19.8 mln euros
Tuesday, 2 May 2017 04:39am EDT 

May 2 (Reuters) - Softing AG ::Q1 revenue rose to 19.8 million euros ($21.61 million)(previous year: 17.9 million euros), equivalent to organic growth of 11%.In Q1 orders on hand grew by more than 50% to 14.6 million euros (previous year: 9.7 million euros).Q1 incoming orders increased by 23% to an impressive 21.8 million euros(previous year: 17.7 million euros).First-Quarter EBIT was just 0.5 million eueos(previous year: 0.7 million euros).Raises annual revenue forecast to around 85 million euros and confirming our EBIT guidance of around 6 million euros for 2017.  Full Article

Softing says Softing Automotive acquires new customer
Friday, 23 Dec 2016 09:00am EST 

Softing AG : Softing Automotive acquires new customer . International producer of commercial vehicles has decided to use Softing software tools for development, flashing and diagnostics of Ecus used in their vehicles .Expects additional revenue of several million euros once these tools are being integrated and deployed in architecture of future vehicles.  Full Article

Softing confirms FY 2016 forecast
Monday, 2 May 2016 11:50am EDT 

Softing AG:Confirms previous forecast for 2016.Expects second quarter to be stronger than the first.Most revenue in 2016 will again be generated in third and fourth quarters.  Full Article