MENSCH UND MASCHINE SOFTWARE SE Mensch und Maschine Software SE presenting Q3 Report 2023
M+M proprietary business back to dominance- Strongest 9M result in company's history
- Unchanged positive guidance for 2023/24
Wessling, October 19, 2023 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved the strongest nine months result in the company's history, with a record Q1 driven by high reselling business followed by the return to dominance of proprietary M+M business in Q2 and Q3, resulting in unchanged targets for 2023/24.
Nine months sales amounted to EUR 242.21 mln (PY: 228.25 / +6.1%). After Q1 sales had been up +21% due to Autodesk's 3YR final peak, the sales curve in Q2/Q3 was slower, as expected. Gross profit climbed disproportionately to EUR 126.00 mln (PY: 116.62 / +8.0%). The swing to proprietary business is clearly visible in gross yield development, which after 45.7% in Q1 jumped to 56.7% in Q2/Q3.
Operating profit EBIT was increased to EUR 34.41 mln (PY: 30.34 / +13%). EBIT margin rose to 14.2% (PY: 13.3%). Net profit after minority shares grew by +14% to 20.95 mln (PY: 18.39), or 125 Cents (PY: 109) per share. Operating cash flows jumped by +41% to EUR 48.61 mln (PY: 34.44) or 290 Cents/share (PY: 205).
CFO Markus Pech and Chairman Adi Drotleff look out positively to 2023/24: "After the solid first nine months, we can leave the 164-181 Cents/share net profit guidance for 2023 unchanged. Accumulated over the two years 2022/23 this would result in +38-55 Cents surplus over the 126 Cents/share achieved in 2021, or +14-20% p.a. - exactly matching the original 2-year forecast. When attaining this goal, we shall increase the dividend to 155-165 Cents (PY: 140). For 2024 we also expect EPS to grow by +14-20% or +24-34 Cents and plan for +15-25 Cents dividend increase."
The Q3 report title story is BIM in Civil Engineering, using the example of the Sixth Street Viaduct in Los Angeles, completed in 2022.
Nine months sales amounted to EUR 242.21 mln (PY: 228.25 / +6.1%). After Q1 sales had been up +21% due to Autodesk's 3YR final peak, the sales curve in Q2/Q3 was slower, as expected. Gross profit climbed disproportionately to EUR 126.00 mln (PY: 116.62 / +8.0%). The swing to proprietary business is clearly visible in gross yield development, which after 45.7% in Q1 jumped to 56.7% in Q2/Q3.
Operating profit EBIT was increased to EUR 34.41 mln (PY: 30.34 / +13%). EBIT margin rose to 14.2% (PY: 13.3%). Net profit after minority shares grew by +14% to 20.95 mln (PY: 18.39), or 125 Cents (PY: 109) per share. Operating cash flows jumped by +41% to EUR 48.61 mln (PY: 34.44) or 290 Cents/share (PY: 205).
CFO Markus Pech and Chairman Adi Drotleff look out positively to 2023/24: "After the solid first nine months, we can leave the 164-181 Cents/share net profit guidance for 2023 unchanged. Accumulated over the two years 2022/23 this would result in +38-55 Cents surplus over the 126 Cents/share achieved in 2021, or +14-20% p.a. - exactly matching the original 2-year forecast. When attaining this goal, we shall increase the dividend to 155-165 Cents (PY: 140). For 2024 we also expect EPS to grow by +14-20% or +24-34 Cents and plan for +15-25 Cents dividend increase."
The Q3 report title story is BIM in Civil Engineering, using the example of the Sixth Street Viaduct in Los Angeles, completed in 2022.
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MUM - Mensch und Maschine Software SE published this content on 19 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2023 07:10:34 UTC.
