26.10.2015 Mensch und Maschine Software SE  DE0006580806

DGAP-News: Mensch und Maschine Software SE discloses nine months report


 
DGAP-News: Mensch und Maschine Software SE / Key word(s): 9-month figures Mensch und Maschine Software SE discloses nine months report 26.10.2015 / 08:58 --------------------------------------------------------------------- Strong 9M figures: M+M increases guidance - 9M: Sales +16% / EBITDA op. +72% / Cash flows +91% - Sales and EBITDA guidance are increased moderately Wessling, October 26, 2015 - After a good first half year, Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, managed to stay on the strong growth track in Q3: Sales and gross margin continued on double digit increases, while the purely operating EBITDA was more than doubled in Q3, thus gaining over EUR 3.7 mln or 72% on a nine months base. 9M sales amounted to EUR 119.30 mln (PY: 102.97 / +16%), with M+M Software contributing EUR 29.86 mln (PY: 27.55 / +8.4%) and the VAR Business contributing EUR 89.44 mln (PY: 75.42 / +19%). Nearly one third of the VAR Business growth was due to the Swiss Franc increase against the Euro, the remainder - still double digit - was organic. Gross margin climbed to a new record EUR 61.83 mln (PY: 54.04 / +14.4%), with contributions of EUR 28.46 mln (PY: 26.06 / +9.2%) from Software and EUR 33.37 mln (PY: 27.98 / +19%) from VAR Business - also here, just over two thirds of the growth was organic. Operating profit EBITDA before depreciation, amortization, interest and taxes climbed to EUR 5.56 mln (PY: 4.80 / +16%) for Software and EUR 3.36 mln (PY: 2.65 / +27%) for the VAR Business. Group EBITDA came in at EUR 8.92 mln (PY: 7.45 / +20%). After deducting from the previous year's result EUR 2.25 mln contribution from the 2011 sale of the Distribution business, group EBITDA on a purely operating basis increased by EUR 3.72 mln or a remarkable 72%. In the VAR segment, the purely operating EBITDA jumped from the previous year's EUR 0.40 mln to EUR 3.36 mln. Net profit after minority shares increased to EUR 2.77 mln (PY: 2.07 / +34%), or 17 Cents (PY: 13) per share. The net profit calculation is based on an expected 37% tax rate for 2015, while the previous year was restated to the actual 26.3% annual tax rate. The 2015 tax rate is expected to be extra­ordinarily higher because the amortisation on purchase price allocation (PPA) amounting to approx. EUR 2 mln is not eligible for tax deduction. This effect was dampened by deferred tax credits in previous years, which will not be the case any more for 2015. Operating cash flows nearly doubled to EUR 14.96 mln (PY: 7.83 / +91%). After the strong business development during the first nine months, M+M CEO Adi Drotleff moderately increased the guidance for fiscal year 2015. 'We now expect sales north of EUR 155 mln (PY: 140) and gross margin to exceed EUR 83 mln (PY: 74.66). The EBITDA target range was increased by one Million to EUR 12-13 mln (PY: 10.87 / purely operating 7.87). Due to the expected higher tax rate, we keep the guidance for net profit / EPS to remain in the same range as in the previous year (EUR 3.72 min / 24 Cents) - plus/minus a certain volatility, mainly depending on EBITDA, currency exchange effects on the financial result and the actual tax rate.' --------------------------------------------------------------------- 26.10.2015 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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 405257 26.10.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 160,85 185,40 245,94 243,98 266,16 320,47 323,31
EBITDA1,2 18,04 22,75 36,55 40,33 44,44 52,67 56,64
EBITDA-Marge3 11,22 12,27 14,86 16,53 16,70 16,44
EBIT1,4 15,21 19,66 27,19 31,03 34,69 42,64 46,83
EBIT-Marge5 9,46 10,60 11,06 12,72 13,03 13,31 14,49
Jahresüberschuss1 8,98 12,47 18,31 20,90 23,88 28,91 31,93
Netto-Marge6 5,58 6,73 7,44 8,57 8,97 9,02 9,88
Cashflow1,7 15,22 15,23 26,35 33,73 36,91 39,05 50,59
Ergebnis je Aktie8 0,53 0,71 0,99 1,12 1,26 1,55 1,72
Dividende8 0,50 0,65 0,85 1,00 1,20 1,40 0,35
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: dhpg

INVESTOR-INFORMATIONEN
©boersengefluester.de
Mensch und Maschine
WKN Kurs in € Einschätzung Börsenwert in Mio. €
658080 52,900 Kaufen 907,18
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,51 34,62 0,66 50,24
KBV KCV KUV EV/EBITDA
13,94 17,93 2,81 15,67
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,40 1,65 3,12 08.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
18.04.2024 18.07.2024 18.10.2024 14.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,46% 2,34% -3,82% 4,55%
    
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