PTA-Adhoc: Software AG: Software AG increases guidance for financial year 2020
Public disclosure of inside information according to article 17 MAR
Darmstadt (pta002/18.11.2020/00:57) - Ad hoc Disclosure (Inside Information according to article 17 MAR)
Software AG increases guidance for financial year 2020
Today, the Management Board of Software AG has decided to increase its guidance for the financial year 2020 after completion of the latest evaluation of Software AG's financial performance, including the final unaudited numbers for the first nine months 2020 and an updated forecast for the financial year 2020.
Based on these results, the management board now expects the following outlook (at constant currency):
The management board points out that the guidance on A&N should be seen in the context of cyclicality and timing of A&N renewals by Software AG's customers. Therefore, the 2020 performance cannot automatically be extrapolated into 2021 as a run-rate. Software AG will provide guidance on fiscal 2021 after numbers for Q4 2020 are available.
The full set of third quarter 2020 financial figures will be published on November 18, 2020 at 07:00 CET.
An analyst & media call will be held on November 18, 2020 at 9:00 CET.
Darmstadt, November 17, 2020
The Management Board