Softline has denied reports of its bankruptcy. This is stated in the company's message in connection with reports in a number of media outlets that the Berks software developer plans to initiate bankruptcy of Softline.
The Softline Group of companies has been cooperating with Merlion (Berks LLC) for more than 20 years. Due to a delay in the acceptance of the supplied equipment by one of Softline's government customers, one payment was overdue to Berks LLC. The delay in the amount of ~ 0.5% of the turnover of the Softline Group of companies led to the publication of a message on behalf of Merlion about the commencement of bankruptcy proceedings to Softline PJSC. Today, all financial obligations of PJSC Softline to LLC Berks (Merlion Group of Companies) have been fulfilled in full.
At the moment, there are no grounds for bankruptcy of Softline. Given the publicity, the company admits that this information could have been used to manipulate the market. The company confirmed that Softline Group continues its normal business activities and confirms the proper fulfillment of all assumed obligations to market participants.
Softline Group (PJSC Softline) is a provider of solutions and services in the field of digital transformation and information security, developing a comprehensive portfolio of its own products and services.
The net profit of the Softline group under IFRS for the first 9 months of 2024 decreased 4.3 times to 1.5 billion rubles from 6.5 billion rubles a year earlier. Turnover increased by 35% to 71.1 billion rubles from 52.6 billion rubles, gross profit increased by 92% to 23.94 billion rubles from 12.49 billion rubles, adjusted EBITDA increased by more than 2 times to 4.6 billion rubles from 1.7 billion rubles.