DGAP-News: Mensch und Maschine Software SE / Key word(s): Preliminary
Results
Mensch und Maschine Software SE discloses preliminary 2013 figures

10.02.2014 / 09:30

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Strong closing quarter made 2013 finally successful
- EBITDA 2013 purely operating nearly EUR 3 Million above PY

Wessling, February 10, 2014 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, finished the fiscal year 2013
with a strong closing quarter, according to preliminary figures. On a
purely operating basis, operating profit EBITDA for the full year 2013 was
improved by nearly EUR 3 mln compared to the previous year.

Group sales 2013 amounted to approx. EUR 125.8 mln (PY: 118.80 / +5.9%),
with Software contributing approx. EUR 35.1 mln (PY: 33.62 / +4.4%) and the
VAR Business contributing approx. EUR 90.7 mln (PY: 85.18 / +6.4%).
Software sales suffered from the strong Euro, particularly against the
Japanese YEN. The Software segment grew more than 8% in local currencies.

Gross margin increased slightly disproportionately to sales by approx. 7%
to approx. EUR 67.4 mln (PY: 62.97), with contributions of approx. EUR 32.5
mln (PY: 30.63 / +6.1% or +10% in local currencies) from Software and
approx. EUR 34.9 mln (PY: 32.34 / +7.9%) from the VAR Business.

Other operating income decreased to approx. EUR 7.6 mln (PY: 13.11), as the
contribution from the sale of the Distribution business, closed in 2011,
was down to EUR 4.0 mln (PY: 9.0), according to plan.

Total added value, defined as gross margin plus other operating income,
amounted to approx. EUR 75.0 mln, which was slightly under the previous
year's EUR 76.08 mln, due to the EUR 5 mln less contribution from the
Distribution sale.

Operating profit EBITDA before depreciation, amortization, interest and
taxes for the full year 2013 amounted to approx. EUR 5.95 mln (PY: 5.49 /
+7.5%) for Software and approx. EUR 1.85 mln (PY: 4.48) for the VAR
Business. Group EBITDA amounting to approx. EUR 7.8 mln (PY: 9.97)
nominally came in below previous year. Purely operating, adjusted by the
contributions from the sale of Distribution, it nearly quadrupled from EUR
0.97 mln to approx. EUR 3.8 mln.

The closing quarter contributed approx. EUR 32.3 mln (PY: 30.50 / +5.9%) to
sales and approx. EUR 2.4 mln to EBITDA, which purely operating represented
an increase of approx. EUR 1.6 mln over previous year's EUR 2.83 mln before
adjustment.

Net profit after minority shares amounted to approx. EUR 2.5 mln (PY: 3.62
unadjusted) or approx. 16 Cents (PY: 24 unadjusted) per share.

Operating cash flows, which had been strongly negative during 2012, due to
the business model transition with its changes to working capital, returned
to the black. This amounted to approx. EUR 2.9 mln (PY: -5.58) - an
improvement of approx. EUR 8.5 Million.

'With an operating profit increase of nearly three Million Euros in a
rather challenging environment, 2013 finally was a successful year for us',
M+M CEO Adi Drotleff happily comments. 'The highest hurdle in the long term
transition of the M+M business model to more value is now behind us, and we
feel well on track for our goal to increase EPS to 50 Cents by 2015 and to
one Euro by 2018, which would represent more than a quintupling in five
years.'

Attention: The final audited 2013 figures, which will be disclosed in the
accounts press conference on March 17, 2014, can differ from the
preliminary figures disclosed in this document.


End of Corporate News

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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:      investor-relations@mum.de                               
Internet:    www.mum.de                                              
ISIN:        DE0006580806                                            
WKN:         658 080                                                 
Listed:      Freiverkehr in Berlin, Düsseldorf, Hamburg, München     
             (m:access), Stuttgart; Frankfurt in Open Market (Entry  
             Standard)                                               
 
 
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