DGAP-News: Mensch und Maschine Software SE / Key word(s): Quarter Results Mensch und Maschine Software SE discloses Q1 report 28.04.2014 / 09:07 --------------------------------------------------------------------- Strong start of fiscal year within expectations - 28% of 2014 EBITDA target achieved - Ambitious targets for 2014 fully confirmed Wessling, April 28, 2014 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, started the new fiscal year 2014 strongly, though the exceptionally good Q1/2013 could not be exceeded, as expected. Sales amounted to EUR 37.72 mln (PY: 37.45 / +0.7%), with M+M Software contributing EUR 9.84 mln (PY: 9.16 / +7.4%) and the VAR Business contributing EUR 27.88 mln (PY: 28.29 / -1.5%). The Software segment profited from M+M's re-entering into the development of the electrical engineering software ecscad, while in the VAR Business the previous year's Q1 had been impacted by a high demand for Autodesk subscriptions before price increases. Gross margin climbed to EUR 18.99 mln (PY: 18.21 / +4.3%), with contributions of EUR 9.22 mln (PY: 8.55 / +7.8%) from Software and EUR 9.78 mln (PY: 9.66 / +1.2%) from VAR Business. Gross yield increased to 50.4% (PY: 48.6%), driven by a higher proprietary contribution from M+M Software and Services. Operating profit EBITDA before depreciation, amortization, interest and taxes amounting to EUR 2.13 mln (PY: 2.12) for Software came in at the very high previous year's level, while for the VAR Business it was slightly lower at EUR 1.07 mln (PY: 1.14). Group EBITDA amounting to EUR 3.20 mln (PY: 3.25) thus nearly reached the strong previous year's level. With 28% achievement of the EUR 11.5 mln full year 2014 target, EBITDA is absolutely on plan. Net profit after minority shares amounted to EUR 1.46 mln (PY: 1.37), or 9.5 Cents (PY: 9) per share (undiluted). Operating cash flows continued its positive development, increasing by remarkable 77% to EUR 2.66 mln (PY: 1.50). Group headcount at March 31, 2014, rose to 717 (PY: 700 / +2.4%). By segment, the development was quite different: While the VAR Business further consolidated and decreased headcount by 13 people, M+M is investing in its strategically important Software development, where 30 new positions were created during the past 12 months. M+M CEO Adi Drotleff confirms the ambitious targets for 2014: 'After the fully on plan start of the year, we expect sales to approach EUR 140 mln (PY: 125.83). EBITDA is targeted at EUR 11.5 mln (PY: 7.81), net profit at EUR 5.5 mln (PY: 2.62) or approx. 35 Cents per share (PY: 17).' End of Corporate News --------------------------------------------------------------------- 28.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: 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) End of News DGAP News-Service --------------------------------------------------------------------- 264911 28.04.2014
DGAP-News: Mensch und Maschine Software SE discloses Q1 report
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