Mensch und Maschine Software SE presenting Half year report 2024
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EQS-News: Mensch und Maschine Software SE
/ Key word(s): Half Year Results
Record half year and successful go-live
- New Autodesk partner model coming mid September - EPS and Dividend guidance for 2024/25E confirmed Wessling, July 18, 2024 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, again achieved the strongest first half year in the company's history. After successful go-live of a new ERP system, M+M is now ready to switch to the new Autodesk partner model as announced by mid September. Group sales amounted to EUR 175.97 mln (PY: 174.38 / +0.9%), with EUR 57.66 mln (PY: 54.58 / +5.6%) from M+M Software and EUR 118.31 mln (PY: 119.80 / -1.2%) from Digitization (previously VAR Business). Due to stronger M+M proprietary business, gross profit climbed disproportionately to the record amount of EUR 93.54 mln (PY: 88.06 / +6.2%), with EUR 52.34 mln (PY: 49.37 / +6.0%) from M+M Software and EUR 41.20 mln (PY: 38.69 / +6.5%) from Digitization. Half-year EBIT was also at a record level at EUR 27.98 mln (PY: 26.33 / +6.3%), with EUR 17.28 mln (PY: 16.21 / +6.6%) from Software and EUR 10.70 mln (PY: 10.12 / +5.8%) coming from Digitization. Net profit after minority shares grew by +9.5% to a new record EUR 17.95 mln (PY: 16.39) / 106 Cents (PY: 97) per share. Operating cash flow continues to soar and came in at EUR 31.39 mln (PY: 31.59) or 186 Cents (PY: 189) per share, only slightly below the previous year. Since the first half of 2023 had been much more profitable than the second half and a more consistent pattern is expected this year, M+M CFO Markus Pech and Chairman Adi Drotleff are sticking with the EPS target range of +10-20% to 189-206 Cents/share, as well as the dividend target of 185-195 Cent. For 2025 they continue to expect a stronger +12-25% EPS growth and are planning +25-35 Cents more in dividends. Over the two-year period 2024/25E, the average EPS target path thus remains at the +17% per year achieved in 2022/23. The cover story of the Half year report 2024 this time is “40 years of M+M: Digitalization is Sustainability.”
18.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 1948687 |
| End of News | EQS News Service |
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1948687 18.07.2024 CET/CEST
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