Mensch und Maschine Software SE presenting Q3 Report 2023
October 19, 2023 at 08:02 am
Share
EQS-News: Mensch und Maschine Software SE
/ Key word(s): 9 Month figures
Mensch und Maschine Software SE presenting Q3 Report 2023
19.10.2023 / 08:59 CET/CEST
The issuer is solely responsible for the content of this announcement.
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.
19.10.2023 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.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
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.