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SAG QB1 2013, englisch

13 05 Interim Management Report 16 interim Financial Statements 24 Notes to the Interim Financial Statements 36 Service Net income Net Income Q1 2013 in € millions Q1 2013 Q1 2012 ∆% EBIT 41.6 54.8 – 24 % Net financial income/expense – 1.3 – 2.0 – 35  Earnings before tax 40.3 52.8 – 24 % Other tax – 1.8 – 1.3 + 38 % Income tax – 11.3 – 15.6 – 28 % Tax rate as % 32.5 % 32.0 % Net income 27.2 35.9 – 24 % EPS in €* 0.32 0.41 – 22 % * Weighted average number of shares outstanding (basic): Q1 2013: 85.8 mn/Q1 2012: 86.8 mn Software AG’s tax rate was 32.5 percent, which is exactly the middle of the forecast range for this year. Net income after taxes fell to €27.2 million (2012: €35.9 million) due to the aforementioned investments and currency translation effects. Earnings per share were therefore €0.32 (2012: €0.41) in the quarter under review. The share buyback pro- gram started on February 12, 2013 already had an effect on earnings per share, which, adjusted, would have been €0.31. 3 FINANCIAL POSITION 3.1 Cash flow Cash flow Q1 2013 in € millions Q1 2013 Q1 2012 ∆% Operating cash flow 65.4 61.0 + 7 % . /. CapEX* – 2.7 – 1.9 Free cash flow 62.7 59.1 + 6 % % of revenue 27.9 % 23.3 % Free cash flow per share in € 0.73 0.68 + 7 % * Cash outflows from investing activities adjusted for acquisitions. Weighted average number of shares outstanding (basic): Q1 2013: 85.8 mn/Q1 2012: 86.8 mn Free cash flow increased 6 percent to total €62.7 million (2012: €59.1 million) in the quarter under review. The reduc- tion of Software AG’s trade receivables and steady decrease of its DSO contributed to free cash flow. Accordingly, free cash flow per share rose to €0.73 (2012: €0.68) in the first quarter of 2013. SIGNIFICANT EVENTS DURING THE REPoRTING PERIOD 05 FINANCIAL PERFORMANCE 08 FINANCIAL POSITION 13 EMPLOYEES 14 OPPORTUNITIES AND RISKS 15 EVENTS AFTER THE ­BALANCE SHEET DATE 15 OUTLOOK 15

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