Nemetschek AG / Final Results
27.03.2009
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Corporate News
Nemetschek presents annual report and prepares for the crisis
Revenues up by 2.9 percent / EBITDA of 31.4 million euros / Period Cash
flow at 29.9 million euros / Earnings per share 1.08 euros / Equity ratio
of 40.6 percent
Munich, March 27, 2009: Nemetschek AG (ISIN 0006452907), Europe's largest
vendor of software for architecture, civil engineering and the building
industry published its annual report for 2008 today. As was announced with
the provisional figures, revenues increased by 2.9 percent to 150.4 million
euros, two thirds of which was generated abroad. The EBITDA amounted to
31.4 million euros after 33.6 million euros in the previous year; the
EBITDA margin was thus at 20.9 percent after 23.0 percent in the previous
year.
The operating result (EBIT) was 21.0 after 23.9 million euros in the
previous year. As a result of the negative interest owing to the changed
market appraisal of interest rate swaps, the annual net income dropped
disproportionately from 15.3 million euros to 11.3 million euros, while the
cash flow for the period remained largely stable at 29.9 million euros
(previous year: 30.8 million years). The cash flow from operating
activities increased from 25.3 million euros to 30.4 million euros thanks
to strict receivables and liquidity management. The cash stock amounted to
23.2 million euros; the net liabilities from the loan for the Graphisoft
acquisition amounted to 26.1 million euros as of 12/31/2008.
The earnings per share were 1.08 euros, compared to 1.52 euros in the
previous year. Due to the uncertain global economic situation Nemetschek AG
wants to dispense with a dividend payment this year and consolidate the
equity base instead. In 2008 the equity capital increased from 62.9 million
euros to 67.9 million euros. The equity ratio increased accordingly from
34.4 to 40.6 percent.
'The group is now also prepared for what may turn out to be a longer slump,
and the solid annual profit in 2008 contributed a considerable amount to
that,' emphasized Ernst Homolka, member of the managing board and CEO,
Nemetschek AG.
All business units are profitable
The software solutions of the four Nemetschek AG business units span the
entire value-added process - from the planning and design of a building and
its visualization to the actual construction process and the use of the
building. All segments in the group were profitable in 2008. With revenues
of 124.3 million euros (previous year: 121.2 million euros) the Design
business unit - encompassing the software solutions of the investment
management companies with a focus on architecture and civil engineering -
was once again responsible for the lion's share of group revenues. The
EBITDA in the Design segment amounted to 24.3 million euros after 26.2
million euros in the previous year.
The Build business unit encompasses the alphanumeric software products that
accompany the actual construction process. With revenues of 12.9 million
euros (previous year: 13.2 million euros) the EBITDA amounted to 3.5
million euros (4.1 million euros). The Manage business unit with its
solutions for commercial and technical facility management achieved
revenues of 4.2 million euros (3.6 million euros) and an EBITDA of 0.5
million euros (0.9 million euros). In the Multimedia segment (3D
visualization and animation software) revenues increased from 8.1 to 9.0
million euros in 2008, the EBITDA amounted to 3.1 million euros after 2.4
million euros in the previous year.
Nemetschek to remain profitable in the future
Due to the uncertain global economic situation, the managing board of
Nemetschek AG will again not make a concrete forecast for the time being,
but expects fiscal 2009 to be a weak year overall. A tendency toward slower
demand in important markets of the group is to be reckoned with. 'National
infrastructure development and ecological construction programs could
compensate for this in part, but will probably not take effect before the
second half of the year,' explained Ernst Homolka, member of the managing
board and CEO, Nemetschek AG. The expectations for the first six months are
additionally muted due to the fact that the first two quarters of 2008 were
particularly strong in terms of revenues.
Homolka emphasized that tiered cost reduction measures among the
subsidiaries were planned in the event of a significant drop in revenues
and that these could be implemented promptly. However, he added, the
individual companies could be affected differently by the crisis - the wide
variety of solutions and the breadth of the customer base would benefit the
group in the crisis. The share contributed to overall revenues by long-term
maintenance contracts, now at 39 percent, was a good starting basis, he
added. 2009 also would see the launch of attractive product innovations on
the market that could stimulate demand.
By continuing with its tight cost management policy, the group would be in
a position to compensate for a potential drop in revenues of around 10
percent so that the EBITDA margin in 2009 would not drop below 15 percent,
emphasized Homolka. 'We will at any rate remain a profitable company with a
substantial cash flow - and that, too, is not a matter of course in these
times.'
About Nemetschek
The Nemetschek Group is Europe's largest vendor of software for architects,
engineers and the building industry. Worldwide, the group's companies
support their customers with solutions for the complete lifecycle of
buildings. These encompass the entire value chain - from design and
visualization to the actual construction process to usage and occupancy.
The closely interlinked software solutions facilitate interdisciplinary
collaboration among all those involved in the building process and thus
make the process itself more efficient.
Nemetschek products are used by more than 270,000 customers in 142
countries worldwide. The company was founded in 1963 by Prof. Georg
Nemetschek and has more than 1,100 employees worldwide. Nemetschek AG,
which has been listed since 1999, achieved revenues exceeding 150 million
euros in fiscal 2008. For more information, visit
www.nemetschek.com.
Regine Petzsch
Head of Investor Relations
Tel. +49 89 92793-1219
mailto:rpetzsch@nemetschek.com
DGAP 27.03.2009
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Language: English
Issuer: Nemetschek AG
Konrad-Zuse-Platz 1
81829 München
Deutschland
Phone: +49 (0)89 92 793-0
Fax: +49 (0)89 927 93-5200
E-mail: investorrelations@nemetschek.com
Internet: www.nemetschek.com
ISIN: DE0006452907
WKN: 645290
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-News: Nemetschek AG: Nemetschek presents annual report and prepares for the crisis
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