25.04.2016
Mensch und Maschine Software SE DE0006580806
DGAP-News: Mensch und Maschine Software SE discloses Q1 report
DGAP-News: Mensch und Maschine Software SE / Key word(s): Quarter Results
Mensch und Maschine Software SE discloses Q1 report
25.04.2016 / 08:51
The issuer is solely responsible for the content of this announcement.
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Best Q1 ever in the 32-year company history
- Sales +18% / EBITDA +37% / Net profit +78%
- Ambitious targets for 2016 underlined
Wessling, April 25, 2016 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, started 2016 with the best Q1
ever in the 32-year history of the company: While sales and gross margin
had double digit growth, all earnings figures increased highly
disproportionately: Operating earnings EBITDA grew by 37%, while net profit
after minority shares showed a significantly higher +78% jump.
Sales climbed to EUR 50.37 mln (PY: 42.80 / +18%), with M+M Software
contributing EUR 11.52 mln (PY: 10.34 / +11%) and the VAR Business
contributing EUR 38.85 mln (PY: 32.45 / +20%). Gross margin increased to
EUR 24.60 mln (PY: 21.92 / +12%), with contributions of EUR 11.13 mln (PY:
9.88 / +13%) from Software and EUR 13.47 mln (PY: 12.04 / +12%) from the
VAR Business. The growth drivers were M+M's proprietary software
technology, mainly CAM, and the Autodesk software license business where
there were pull effects in advance of the transition to a rental model.
Operating profit EBITDA before depreciation, amortization, interest and
taxes grew to a disproportionate EUR 5.28 mln (PY: 3.85 / +37%), with EUR
2.92 mln (PY: 2.45 / +19%) coming from Software and EUR 2.36 mln (PY: 1.40
/ +69%) from the VAR Business.
Net profit after minority shares jumped by 78% to EUR 2.26 mln (PY: 1.27),
or 14 Cents (PY: 8) per share. The net profit calculation is based on an
expected 35% tax rate for 2016, while the previous year was restated to the
actual 43.3% annual tax rate. Operating cash flows remained on a strong
level at EUR 6.14 mln (PY: 6.67).
Group headcount at March 31, 2016, just grew moderately to 745 (PY: 725 /
+2.8%). M+M keeps up strict cost discipline to turn the good growth
momentum to a maximum economy of scale effect in earnings.
M+M CEO Adi Drotleff believes that the ambitious EBITDA target of approx.
EUR 16 mln (PY: 12.8 / +25%) is comfortably underlined by the first quarter
business development, as well as the targeted doubling of net profit after
minority shares to approx. EUR 8 mln (PY: EUR 3.87 mln) and of EPS to about
50 Cents (PY: 24), as from Q2/Q3 onwards more PPA amortisation will be
lapsing.
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25.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Mensch und Maschine Software SE
Argelsrieder Feld 5
82234 Wessling
Germany
Phone: +49 (0)815 3933-0
Fax: +49 (0)815 3933-100
E-mail: [email protected]
Internet: www.mum.de
ISIN: DE0006580806
WKN: 658 080
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich (m:access), Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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457125 25.04.2016
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