DGAP-News: Mensch und Maschine Software SE / Key word(s): 9-month
figures
Mensch und Maschine Software SE discloses Q3 report
27.10.2014 / 08:59
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Q3/2014: Growth trend continued
- 14% sales growth and 76% EBITDA increase in Q3
- Ambitious sales and profit targets for 2014 confirmed
Wessling, October 27, 2014 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, continued the growth trend in
Q3/2014, with double digit sales growth and significantly disproportionate
EBITDA increase. Q3 sales climbed by 14% to EUR 32.26 mln (PY: 28.21),
increasing nine months sales to EUR 102.97 mln (PY: 93.46 / +10%), to which
Software contributed EUR 27.55 mln (PY: 25.58 / +7.7%) and the VAR Business
contributed EUR 75.42 mln (PY: 67.88 / +11%).
Gross margin increased to EUR 54.04 mln (PY: 49.81 / +8.5%), with
contributions of EUR 26.06 mln (PY: 23.91 / +9.0%) from Software and EUR
27.98 mln (PY: 25.91 / +8.0%) from VAR Business. Thus the nine months gross
margin exceeded the previous record level from 2011, amounting to EUR 53.29
mln, including the Distribution business which was not yet sold at the
time. Excluding Distribution, gross margin had been EUR 38.83 mln, so it
grew 39% in three years, resulting in an annual growth rate around 12%.
Operating profit EBITDA before depreciation, amortization, interest and
taxes in Q3 alone increased significantly disproportionately to EUR 1.88
mln (PY: 1.07 / +76%). Nine months EBITDA amounted to EUR 4.80 mln (PY:
3.85 / +25%) for the Software segment and to EUR 2.65 mln (PY: 1.52 / +72%)
for the VAR Business. Group EBITDA increased to EUR 7.45 mln (PY: 5.37 /
+39%). Net profit after minority shares was more than doubled to EUR 2.81
mln (PY: 1.30 / +116%), or 18 Cents (PY: 8.5) per share, as well as
operating cash flows to EUR 7.82 mln (PY: 3.51 / +127%).
M+M CEO Adi Drotleff: 'The positive business development during the first 9
months makes us confident that the ambitious targets for fiscal year 2014
should be achievable. So, from this actual point of view, sales are
expected to be in the order of magnitude of EUR 140 mln (PY: 125.83 /
+11%). The Q4 sales target thus is EUR 37.0 mln / +14%. EBITDA is targeted
at EUR 11.5 mln (PY: 7.81 / +47%), net profit at EUR 5.5 mln (PY: 2.62 /
+110%) or approx. 35 Cents per share (PY: 17). For Q4, the EBITDA target
thus is EUR 4.0 mln / +64%, and the net profit target is EUR 2.7 mln /
+105% or 17 Cents per share (Q4/2013: 8.5).'
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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: investor-relations@mum.de
Internet: www.mum.de
ISIN: DE0006580806
WKN: 658 080
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Frankfurt in Open Market (Entry
Standard)
End of News DGAP News-Service
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293011 27.10.2014
DGAP-News: Mensch und Maschine Software SE discloses Q3 report
| Source: EQS Group AG