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EQS-News: Mensch und Maschine Software SE
/ Key word(s): 9 Month figures
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. |
| 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: | 1752297 |
| End of News | EQS News Service |
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1752297 19.10.2023 CET/CEST
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