15.02.2016
Mensch und Maschine Software SE DE0006580806
DGAP-News: Mensch und Maschine Software SE discloses preliminary 2015 figures
DGAP-News: Mensch und Maschine Software SE / Key word(s): Preliminary
Results
Mensch und Maschine Software SE discloses preliminary 2015 figures
15.02.2016 / 09:06
The issuer is solely responsible for the content of this announcement.
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2015: Record gross margin and cash flows
- Sales +14% / EBITDA op. +62% / Cash flows +130%
- Initial targets clearly exceeded
Wessling, February 15, 2016 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, continued on its strong growth
track in the closing quarter: In the fiscal year 2015 double digit
increases for sales and gross margin as well as a disproportionate 62%
growth in purely operating EBITDA were achieved. Gross margin and cash
flows reached new historical record levels.
According to preliminary figures, sales surprisingly exceeded the level of
EUR 160 mln (PY: 140.0 / +14%), with M+M Software contributing more than
EUR 41 mln (PY: 38.5 / +7%) and the VAR Business contributing approx. EUR
119 mln (PY: 101.5 / +17%). Gross margin climbed to a new record amount of
approx. EUR 84.5 mln (PY: 74.6 / +13%), with contributions of approx. EUR
39.6 mln (PY: 36.6 / +8%) from Software and approx. EUR 44.9 mln (PY: 38.1
/ +18%) from VAR Business.
Operating profit EBITDA before depreciation, amortization, interest and
taxes climbed to approx. EUR 12.8 mln (PY: 10.9 / +17%), with approx. EUR
8.2 mln (PY: 7.2 / +14%) from Software and approx. EUR 4.6 mln (PY: 3.7 /
+24%) from the VAR Business. After adjusting the 2014 result by the last
EUR 3 mln earnout from the 2011 sale of the Distribution business, group
EBITDA on a purely operating basis increased by approx. EUR 4.9 mln or 62%
- the initial growth target was between EUR 3 and 4 Million.
Net profit after minority shares remained level at approx. EUR 3.8 mln (PY:
3.7), or 24 Cents (PY: 24) per share, as expected, because approx. EUR 2
mln amortisation on purchase price allocation (PPA), not eligible for tax
deduction, pushed the tax rate to more than 40% (PY: 26.3%). This effect
had been dampened by deferred tax credits in previous years and will not
recur, as the majority of PPA has been written off by the end of 2015.
Operating cash flows more than doubled to a new record level of approx. EUR
14.5 mln (PY: 6.3 / +130%).
M+M CEO Adi Drotleff appreciates the success. '2015 was an outstanding year
for us, in which we managed to exceed all our targets. I would like to
express a warm thank you for that to our entire team.'
Attention: The final audited 2015 figures, which will be disclosed in the
accounts press conference on March 14, 2016, can differ from the
preliminary figures.
Corporate news
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15.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: [email protected]
Internet: www.mum.de
ISIN: DE0006580806
WKN: 658 080
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich (m:access), Stuttgart; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News Service
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437317 15.02.2016
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