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Software AG is aiming for sales billion mark

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Software-AG-Chef Streibich setzt sich ambitionierte Ziele. Quelle: dpa

Software AG CEO Streibich sets itself ambitious targets. Source: AP

DARMSTADT HB. Buoyed by record results in the crisis itself, the software AG already this year, the sales Billion mark crack. "The starting point for future growth is excellent," said the chief executive of Germany’s second largest software provider, Karl-Heinz Streibich, on Friday at the annual general meeting in Darmstadt.

Originally, this goal for 2011 had been targeted. 2006 yet it generated sales of 483 million euros.

The Supervisory Board extended the contract until Streibich March 2015. The 57-year-old CEO since October 2003. At the Annual General Meeting a dividend increase of 1.10 was decided to 1.15 euros.

The companies listed in the TecDAX had achieved in 2009 despite the crisis records. Compared to 2008, Group sales increased 18 percent to 847.4 million euros. The surplus rose by 22 percent to 140.8 million euros.

Streibich pulled a successful record in recent years. "There is virtually no negative effects due to the crisis, which indeed since 2007 was evident, "he said. "We the turnover within the last seven years were more than 100 percent and the gain factor of twenty." The share price has risen during this period by about 400 percent.

The integration of software and consulting company IDS Scheer run as scheduled from Saarbrücken. Its shareholders are to enter in a general meeting in July, its approval of the merger. The acquisition is also reflected in the number of software Employees down. It increased in 2009 compared to the previous year to nearly 2,500 to just over 6000th