Software AG
Software AG english
Software AG to fully retain fiscal 2002 earnings
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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The Supervisory Board of Software AG has today resolved to fully retain fiscal
2002 earnings. This move is designed to strengthen the Company`s equity base and
to improve cash flow, increasing competitiveness.
Software AG`s strategic goal is to translate its proven technological expertise
into new software products. The investment funds required for further growth
will be sourced entirely from operating cash flow. It is stated Company policy
to finance investment without resorting to borrowing. Moreover, seeking to raise
capital via the stock market is inadvisable in the current climate.
At the same time, the prolonged downturn in the IT industry makes further cost-
savings a necessity. The restructuring program initiated in 2002 will therefore
be continued in 2003. The aim is to align the cost base with the current level
of revenue, and to achieve a lasting improvement in profitability.
Software AG will present the audited financial statements for fiscal 2002 at a
press conference to be held in Frankfurt on March 6.
New member of the Executive Board:
The Supervisory Board has appointed Dr. Peter Mossack, Vice President Research
and Development of Software AG, to the Executive Board as a deputy member.
end of ad-hoc-announcement (c)DGAP 28.02.2003
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WKN: 724264; ISIN: DE0007242646; Index: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin,
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
281232 Feb 03
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