15.02.2016 Mensch und Maschine Software SE  DE0006580806

DGAP-News: Mensch und Maschine Software SE discloses preliminary 2015 figures


 
DGAP-News: Mensch und Maschine Software SE / Key word(s): Preliminary Results Mensch und Maschine Software SE discloses preliminary 2015 figures 15.02.2016 / 09:06 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 2015: Record gross margin and cash flows - Sales +14% / EBITDA op. +62% / Cash flows +130% - Initial targets clearly exceeded Wessling, February 15, 2016 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, continued on its strong growth track in the closing quarter: In the fiscal year 2015 double digit increases for sales and gross margin as well as a disproportionate 62% growth in purely operating EBITDA were achieved. Gross margin and cash flows reached new historical record levels. According to preliminary figures, sales surprisingly exceeded the level of EUR 160 mln (PY: 140.0 / +14%), with M+M Software contributing more than EUR 41 mln (PY: 38.5 / +7%) and the VAR Business contributing approx. EUR 119 mln (PY: 101.5 / +17%). Gross margin climbed to a new record amount of approx. EUR 84.5 mln (PY: 74.6 / +13%), with contributions of approx. EUR 39.6 mln (PY: 36.6 / +8%) from Software and approx. EUR 44.9 mln (PY: 38.1 / +18%) from VAR Business. Operating profit EBITDA before depreciation, amortization, interest and taxes climbed to approx. EUR 12.8 mln (PY: 10.9 / +17%), with approx. EUR 8.2 mln (PY: 7.2 / +14%) from Software and approx. EUR 4.6 mln (PY: 3.7 / +24%) from the VAR Business. After adjusting the 2014 result by the last EUR 3 mln earnout from the 2011 sale of the Distribution business, group EBITDA on a purely operating basis increased by approx. EUR 4.9 mln or 62% - the initial growth target was between EUR 3 and 4 Million. Net profit after minority shares remained level at approx. EUR 3.8 mln (PY: 3.7), or 24 Cents (PY: 24) per share, as expected, because approx. EUR 2 mln amortisation on purchase price allocation (PPA), not eligible for tax deduction, pushed the tax rate to more than 40% (PY: 26.3%). This effect had been dampened by deferred tax credits in previous years and will not recur, as the majority of PPA has been written off by the end of 2015. Operating cash flows more than doubled to a new record level of approx. EUR 14.5 mln (PY: 6.3 / +130%). M+M CEO Adi Drotleff appreciates the success. '2015 was an outstanding year for us, in which we managed to exceed all our targets. I would like to express a warm thank you for that to our entire team.' Attention: The final audited 2015 figures, which will be disclosed in the accounts press conference on March 14, 2016, can differ from the preliminary figures. Corporate news --------------------------------------------------------------------------- 15.02.2016 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 --------------------------------------------------------------------------- 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: investor-relations@mum.de 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 --------------------------------------------------------------------------- 437317 15.02.2016