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Darmstadt, Germany, 3/17/2010
Software AG’s executive board and supervisory board will recommend a 2009 dividend payment of €1.15 (previous year: €1.10) per share at the Annual Shareholders’ Meeting on May 21, 2010. This will result in total dividends of €32.6 million (2008: €31.5 million).
For fiscal year 2009, Software AG reported increased revenue of 18 percent, earnings up by 22 percent and a free cash flow increase of 41 percent. This strong growth in net income as well as cash flow has allowed the company to again increase its dividend, simultaneously reducing its net debt position, predominantly resulting from its acquisition of IDS Scheer in 2009. Software AG plans to repay liabilities from operating cash flow by 2013.
"Reducing net debt will allow us to take advantage of further consolidation in the software industry”, said CEO Karl-Heinz Streibich. ”We have set ourselves the goal of market leadership in Business Process Excellence and we need to be able to react quickly to acquisition opportunities.”
Software AG is forecasting for fiscal year 2010, at constant currency rates, total revenue growth of 25 to 30 percent with product revenue growth of 12 to 15 percent. The company also forecasts growth in net income of 8 to 12 percent.
According to CFO Arnd Zinnhardt, “We believe that this dividend strikes the right balance between rewarding shareholders, in line with the record results achieved in 2009, and the necessity of reducing net debt, therefore keeping our options open regarding further business development.”
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Software AG is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods.
We are unique in offering the world’s only end-to-end – and easiest to use – business process management (BPM) solutions, with the lowest Total-Cost-of-Ownership. Our industry-leading brands, ARIS, webMethods, Adabas, Natural and IDS Scheer Consulting, represent a unique portfolio for: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of 847 million euro (IFRS, unaudited) in 2009 and has more than 6,000 employees serving 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
Software AG – Get There Faster
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Fax: +49 6151 92-1623