The restructuring of Software AG’s business model and the corona pandemic continue to weigh on the balance sheet. But the order situation is picking up.

(Image: Software AG)

According to initial key data, Software AG landed a little more new orders in the past quarter than analysts expected. However, the billed business in terms of sales and operating profit was weaker than expected. According to the preliminary figures, sales should be at 180, 5 to 185 Million euros, as the MDax Group announced on Wednesday in Darmstadt. That is up to almost 20 percent less than a year ago with 224 Millions.

Profit falls At Software AG, in addition to the corona pandemic, the conversion of the business model to subscriptions is having an impact. The management expects the earnings before interest, taxes and goodwill amortization adjusted for special effects to be 28 to 32 million euros after 32, 4 million in the previous year.

Software AG is currently fighting a hacker attack and, according to its own information, can only provide key business data for the time being. After all, CEO Sanjay Brahmawar confirmed the forecasts that relate to the company’s contracts for software. Between July and the end of September, the divisions for integration software and for cloud and machine networking were able to increase orders more than expected, the decline in the traditional database division fell