Mensch und Maschine Software SE discloses preliminary results 2023
February 07, 2024 at 08:04 am
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EQS-News: Mensch und Maschine Software SE
/ Key word(s): Preliminary Results
Mensch und Maschine Software SE discloses preliminary results 2023
07.02.2024 / 09:02 CET/CEST
The issuer is solely responsible for the content of this announcement.
Mensch und Maschine Software SE discloses preliminary results 2023
Guidance exactly matched: EPS 2022/23 +17% p.a.
- New record year with very high cash flows
- Dividend proposal +14% / Positive outlook
Wessling, February 7, 2024 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved strong earnings in the final quarter, resulting in new record figures for 2023. EPS growth was +17% p.a. over the two years 2022/23, exactly matching the original +14-20% guidance from 2021.
According to preliminary figures, sales came in at approx. EUR 322 mln, just slightly above previous year’s EUR 320.48 mln, as expected, with a contribution of EUR 104.5 mln / +7.5% from Software and EUR 217.5 mln / -0% from the VAR Business. Gross profit climbed disproportionately to approx. EUR 168.5 mln (PY: 161.14 / +4.6%), with EUR 95 mln / +9% from Software and EUR 73.5 mln / -0% from the VAR Business.
Operating profit EBIT increased to approx. EUR 46.8 mln (PY: 42.63 / +10%), with EUR 28.4 mln / +13% from Software and EUR 18.4 mln / +5% from VAR Business. EBIT margin rose to 14.5% (PY: 13.3%). Through strict cost discipline, consistently higher quarterly EBITs were achieved despite inflation, even compared to the record Q4 in the previous year.
Net profit after minority shares grew by +11% to approx. EUR 28.8 mln (PY: 26.01), or 172 Cents (PY: 155) per share. Compared to the 126 Cents per share from 2021, growth was +36.5% or +17% per year.
Operating cash flows jumped by more than a quarter to a new record amount of approx. EUR 50 mln (PY: 39.05) or 300 Cents/share (PY: 233).
CFO Markus Pech and Chairman Adi Drotleff are completely satisfied with the 2023 financial year, especially given the harsh environment, and plan to submit to the general meeting a dividend proposal of 160 Cents (PY: 140 / +14%), i.e. in the middle of the guidance range.
They also give a positive outlook, expecting an increase of +10-20% to 189-206 Cents in EPS and an increase in the dividend of +20-30 Cents to 180-190 Cents in 2024. For 2025, M+M management is targeting EPS growth of +12-25% and +25-35 Cents more in dividends.
07.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Mensch und Maschine Software SE is a Germany-based provider of software solutions in the field of Computer Aided Design (CAD), Computer Aided Manufacturing (CAM), Product Data Management (PDM) and Building Information Management (BIM). It focuses on the areas industry and mechanical engineering, construction and architecture, electrical engineering and plant construction, data management, industrial design, animation and entertainment and infrastructure management. Along with software development, the Company provides related support service. The Company is present in Germany, Austria, Switzerland, France, Italy, the United Kingdom, Poland, Romania, Spain, the United States, Brazil, Japan and in the Asia-Pacific region.