DGAP-News: Nemetschek AG / Key word(s): Quarter Results
Nemetschek AG: Nemetschek continues on growth course
29.04.2011 / 07:00
---------------------------------------------------------------------
Corporate News
Nemetschek continues on growth course
Revenues up by 10 percent in Q1 / EBITDA margin of 24 percent / Net income
up by 48 percent / Forecast confirmed
Munich, April 29, 2011: Nemetschek AG (ISIN 0006452907), Europe's largest
vendor of software for architecture and the building industry, remained on
its growth path in the first quarter of 2011. Revenues increased by 10
percent to 38.8 million euros. The operating result (EBITDA) went up by 11
percent to 9.3 million euros, which corresponds to an EBITDA margin at the
same level as last year (24 percent). As a result of positive interest
income the net income (group shares) increased disproportionately by 48
percent to 5 million euros.
Revenues from abroad increased by 15 percent
Revenues from long-term maintenance contracts increased by 15 percent to 18
million euros in the first quarter; they now account for 46 percent of
overall revenues (up from 44 percent in the previous year). Revenues from
license sales increased by 7 percent to 18.6 million euros in the first
quarter. In the foreign markets, revenues increased by 15 percent to 24.2
million euros - the share of revenues from abroad thus rose from 59 to 62
percent of overall revenues. In Germany, revenues increased slightly from
14.3 to 14.6 million euros.
The Nemetschek Group managed to grow in all of its essential business
units. In the Design segment, revenues increased by 8 percent to 31.1
million euros, the EBITDA margin in this segment was 20 percent, after 21
percent in the previous year. In the Multimedia segment, revenues increased
by almost 50 percent to 3.4 million euros. This was partly due to the
successful introduction of maintenance contracts in the previous year and
the gradual realization of the corresponding deferred revenues.
Consequently, the EBITDA margin in the Multimedia unit increased from 38 to
53 percent. In the Build segment, revenues increased by 8 percent to 3.5
million euros, the EBITDA margin amounted to 32 percent (41 percent in the
previous year). In the Manage unit, revenues remained marginally below the
previous year's level at 0.9 million euros (1.0 million euros), the EBITDA
margin amounted to 6 percent, after 10 percent in the same period in the
previous year.
Earnings per share up by almost 50 percent
As a result of the growth in revenues, the operating result (EBITDA) went
up from 8.3 million euros to 9.3 million euros; the EBITDA margin remained
stable at 24 percent. Following the announced growth initiatives, the
operating costs increased by 9 percent to 32.7 million euros. Thanks to
positive interest income of 0.7 million euros the net income (group shares)
increased disproportionately by 48 percent to 5 million euros (previous
year: 3.4 million euros). The earnings per share (group shares, basic) are
0.52 euros after 0.35 euros in Q1 2010.
The group achieved a cash flow for the period of 9.2 million euros, an
increase of 18 percent. Following the reduction in liabilities, the cash
flow from operating activities was 12.8 million euros - at the same level
as in the first quarter of 2010. The cash flow from investment activities
was -1.2 million euros (previous year: -1.0 million euros) and mainly
comprises the replacement of fixed assets.
The cash and cash equivalents increased by 10.7 million euros to 41.3
million euros compared with December 31, 2010. The equity quote of the
Nemetschek Group is 57 percent.
Forecast confirmed
For fiscal 2011 the group plans to grow by 10 percent and the development
in the first quarter confirms this forecast. 'As expected, we grew above
all abroad, and we intend to pursue this trend,' emphasized Ernst Homolka,
CEO, Nemetschek AG.
In view of the revenue expectation and the planned investments in future
growth, Nemetschek continues to forecast an operating result (EBITDA) of 40
million euros for 2011, which would represent an EBITDA margin of 24
percent. The group will succeed in almost completely repaying the loan
taken to finance the acquisition of Graphisoft this current fiscal year.
The interest charges will likely drop and the annual net income - as
forecasted at the beginning of the year - will increase to over 20 million
euros.
About Nemetschek
The Nemetschek Group is Europe's leading vendor of software for
architecture and construction. The graphical, analytical and commercial
solutions cover a large part of the entire value chain in construction -
from the planning and visualization of a building and the construction
process itself through to building management. The software programs range
from CAD solutions for architects and engineers to construction software
for cost planning, tenders, awarding of contracts and execution. These are
complemented by solutions for facility and real estate management as well
as visualization software for architects and the movie industry.
The company was founded in 1963 and employs more than 1,000 people
worldwide. Its products are used by more than 300,000 customers in 142
countries worldwide. In 2010, Nemetschek achieved revenues of 150 million
euros and an operating result (EBITDA) of 37 million euros.
In case of queries, please contact:
Nemetschek AG
Head of Investor Relations
Regine Petzsch
Konrad-Zuse-Platz 1
81829 Munich
Germany
Phone: +49 89 92793-1219
Fax: +49 89 92793-5404
End of Corporate News
---------------------------------------------------------------------
29.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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: Nemetschek AG
Konrad-Zuse-Platz 1
81829 München
Deutschland
Phone: +49 (0)89 92 793-0
Fax: +49 (0)89 927 93-5200
E-mail: investorrelations@nemetschek.com
Internet: www.nemetschek.com
ISIN: DE0006452907
WKN: 645290
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
121969 29.04.2011
DGAP-News: Nemetschek AG: Nemetschek continues on growth course
| Source: EQS Group AG