DGAP-News: Mensch und Maschine Software SE discloses preliminary Q1 figures
(firmenpresse) - DGAP-News: Mensch und Maschine Software SE / Key word(s): Quarter
Results
Mensch und Maschine Software SE discloses preliminary Q1 figures
23.04.2012 / 10:45
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Strong start of M+M's new fiscal year 2012
- Software / VAR D/A/CH segments: EBITDA +91% / +39%
- Group EBITDA above Q1/2011 in spite of exit from Distribution
Wessling, April 23, 2012 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, started the new fiscal year
strongly. In Q1/2012, sales in the continued segments M+M Software and VAR
D/A/CH rose by 21% and 15% to approx. EUR 8.2 mln (PY: 6.81) and approx.
EUR 20.1 mln (PY: 17.55), respectively. Operating profit EBITDA before
depreciation, amortization, interest and taxes jumped to approx. EUR 1.7
mln (PY: 0.89 / +91%) and approx. EUR 1.1 mln (PY: 0.79 / +39%),
respectively.
The VAR Europe segment, which is in transition from the former Distribution
segment, so far did not contribute significantly, with sales amounting to
approx. EUR 1.7 mln (PY: Distribution 34.7), as the planned acquisitions
will be closed during Q2/Q3. Due to a pro rata contribution from last
year's sale of Distribution business, EBITDA however stayed in the black,
amounting to approx. EUR 0.2 mln (PY: Distribution 1.16).
Group EBITDA amounting to approx. EUR 3.0 mln (PY: 2.85) was higher than in
Q1/2011, though group sales without the Distribution business nearly halved
to approx. EUR 30.0 mln (PY: 59.06). Due to the new business model's
significantly higher added value, group gross margin amounting to approx.
15.7 mln was just approx. 16% below last year's EUR 18.64 mln, with the
following contributions: M+M Software segment approx. EUR 7.4 mln / +21%,
VAR D/A/CH approx. EUR 8.0 mln / +18% and VAR Europe approx. EUR 0.3 mln
(PY: Distribution 5.60).
The EBITDA margin in the group thus doubled to approx. 10% (PY: 4.8%),
while the group gross yield jumped to approx. 52% (PY: 31.6%).
'Our first quarter 2012 did not reflect the economy pessimists' opinion'
M+M CEO Adi Drotleff happily states. 'Therefore we are confident from
today's point of view that our 2012 targets - EUR 150 mln sales, EUR 13 mln
EBITDA, EUR 5 mln net earnings and 30 Cents EPS - are achievable.'
Attention: Due an ongoing technical update within M+M's group IT, the
detailed Q1 report including P&L, balance sheet, cash flow statement and
notes exceptionally will be delayed until mid of May. The final figures can
slightly differ from the preliminary figures disclosed in this document.
End of Corporate News
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23.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Mensch und Maschine Software SE
Argelsrieder Feld 5
82234 Wessling
GermanyPhone: +49 (0)815 3933-0
Fax: +49 (0)815 3933-100
E-mail: investor-relations(at)mum.de
Internet: www.mum.de
ISIN: DE0006580806
WKN: 658 080
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News-Service
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166018 23.04.2012
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