22.04.2015
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
22.04.2015 / 08:26
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Sparkling start to year well above expectations
- Sales +13.5% / Net profit +47% / Cash flows +151%
Wessling, April 22, 2015 - Sparkling start to the year in Q1/2015 for
Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM
specialist company: Sales and gross margin had double digit increases,
while the purely operating EBITDA grew by more than EUR 1.4 mln or 57%,
well above expectations.
Sales amounted to EUR 42.80 mln (PY: 37.72 / +13.5%), with M+M Software
contributing EUR 10.34 mln (PY: 9.84 / +5.1%) and the VAR Business
contributing EUR 32.45 mln (PY: 27.88 / +16%). Nearly one third of the VAR
Business growth was due to the Swiss Franc increase against the Euro, the
remainder - still double digit - was purely organic. Gross margin climbed
disproportionately to EUR 21.92 mln (PY: 18.99 / +15.4%), with
contributions of EUR 9.88 mln (PY: 9.22 / +7.2%) from Software and EUR
12.04 mln (PY: 9.78 / +23%) from VAR Business - also here, just over two
third of the growth was purely organic.
Operating profit EBITDA before depreciation, amortization, interest and
taxes climbed to EUR 2.45 mln (PY: 2.13 / +15%) for Software and EUR 1.40
mln (PY: 1.07 / +31%) for the VAR Business. Group EBITDA came in at EUR
3.85 mln (PY: 3.20 / +21%). After deducting EUR 0.75 mln contribution from
the sale of the Distribution business, closed 2011, in the previous year,
group EBITDA on a purely operating basis increased by EUR 1.4 mln or a
remarkable 57%. In the VAR segment, the purely operating EBITDA was more
than quadrupled - from previous year's EUR 0.32 mln to EUR 1.40 mln.
Net profit after minority shares increased to EUR 1.57 mln (PY: 1.07 /
+47%), or 10 Cents (PY: 7) per share. The net profit calculation is based
on an expected 30% tax rate for 2015, while the previous year was restated
to the actual 26.3% annual tax rate. Operating cash flows more than doubled
to EUR 6.67 mln (PY: 2.66 / +151%).
After the good start, M+M CEO Adi Drotleff is optimistic: 'The higher than
expected business development in Q1 makes us confident that the targets for
fiscal year 2015 are achievable: Sales should clearly exceed EUR 150 mln
(PY: 140), for EBITDA a target range from EUR 11 to 12 mln (PY: 10.87 /
purely operating 7.87) was defined, net profit / EPS are expected to be in
the same range as in the previous year (EUR 3.72 min / 24 Cents) -
plus/minus a certain volatility, mainly depending on EBITDA, currency
exchange effects on the financial result and the actual tax rate.'
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22.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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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346923 22.04.2015
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