13.02.2017
Mensch und Maschine Software SE DE0006580806
DGAP-News: Mensch und Maschine Software SE discloses preliminary 2016 figures
DGAP-News: Mensch und Maschine Software SE / Key word(s): Preliminary
Results
Mensch und Maschine Software SE discloses preliminary 2016 figures
13.02.2017 / 09:03
The issuer is solely responsible for the content of this announcement.
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Mensch und Maschine Software SE discloses preliminary 2016 figures
High profit gain and strong cash flows
- Gross margin +8.2% / EBIT +46% / Net profit +68%
- Proprietary software/services driving business
Wessling, February 13, 2017 - Strong organic growth of proprietary software
and services, mainly in the CAM, BIM and PDM areas, and strict cost
discipline helped Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, hit a new gross margin record
in 2016, significantly increase operating and net profit and achieve strong
operating cash flows.
According to preliminary figures, sales amounted to approx. EUR 167 mln
(PY: 160.38 / +4.1%), while gross margin climbed to a new record of approx.
EUR 91.4 mln (PY: 84.52 / +8.2%), with a strong contribution of approx. EUR
44.7 mln (PY: 39.58 / +13%) from M+M Software. Gross margin from VAR
business was approx. EUR 46.7 mln (PY: 44.94 / +4%), thereof approx. EUR
25.7 mln (PY: 22.10 / +16%) from M+M services. All in all, gross margin
from proprietary software and services grew by more than 14% to approx. EUR
70.4 mln (PY: 61.68), while due to the current transition from license sale
to a rental model the gross margin from resale of Autodesk software fell to
approx. EUR 21.0 mln (PY: 22.84 / -8%).
Operating profit EBITDA before depreciation, amortization, interest and
taxes grew to a disproportionate EUR 15.7 mln approx. (PY: 12.81 / +23%),
with approx. EUR 10.6 mln (PY: 8.21 / +29%) coming from Software and
approx. EUR 5.1 mln (PY: 4.60 / +10%) from the VAR Business. Due to
significantly lower PPA amortisation the EBIT increase was even higher:
Group EBIT climbed to approx. EUR 12.4 mln (PY: 8.47 / +46%). Operating
yield increased to approx. 9.4% (PY: 8.0%) for EBITDA and approx. 7.4% (PY:
5.3%) for EBIT.
Net profit after minority shares jumped by approx. 68% to approx. EUR 6.5
mln (PY: 3.87), or 40 Cents (PY: 24) per share. Adjusted by the non-cash
items PPA amortization and deferred taxes amounting to approx. EUR 1.6 mln
(PY: 2.28) or 10 Cents (PY: 14) per share, net profit amounted to approx.
EUR 8.1 mln (PY: 6.15) or 50 Cents (PY: 38) per share.
Operating cash flows were approx. EUR 14.6 mln or approx. 90 Cents per
share. The previous year's EUR 14.73 mln included a EUR 3 mln non-recurring
amount. Purely operating, cash flows thus exceeded the strong previous
year's level, making a dividend increase to 35 Cents (PY: 25 / +40%) very
likely.
M+M CEO Adi Drotleff is particularly pleased with M+M's proprietary
business: 'More than 14% organic growth in proprietary software and service
is really exceptional. With high earnings increases and strong cash flows
in 2016, we made another significant step towards our mid-term EPS target
of more than one Euro.'
Attention: The final audited 2016 figures, which will be disclosed in the
accounts press conference on March 13, 2017, can differ from the
preliminary figures.
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13.02.2017 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.
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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, Tradegate Exchange;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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543893 13.02.2017
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