DGAP-News: Nemetschek Group continues high growth dynamics in first half of 2016


DGAP-News: Nemetschek SE / Key word(s): Half Year Results
Nemetschek Group continues high growth dynamics in first half of 2016

29.07.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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Corporate News

Nemetschek Group continues high growth dynamics in
first half of 2016

  - Significant revenue increase and considerably higher profitability

  - Revenue for the quarter rises by 22.2% to reach new top mark of EUR
    83.8 million

  - EBITDA adjusted for positive one-time effect rises in Q2 by 49.0% to
    EUR 22.7 million

  - Optimistic outlook for 2016 unchanged


Munich, July 29, 2016 - The Nemetschek Group (DE ISIN 0006452907) has
maintained its dynamic development from the beginning of the year in the
second quarter of 2016 and accelerated revenue growth even further. The
greatest growth impulses originated from abroad. The operating result rose
over-proportionally compared to revenue, which led to a significantly
higher operating margin.

Major indicators of the Group's success
  - In the second quarter, Group revenues rose considerably by 22.2% to EUR
    83.8 million (previous year: EUR 68.6 million). Organic growth amounted
    to 20.9%. Revenue for the half year was EUR 161.5 million, which is
    19.5% higher than the corresponding value from the previous year (EUR
    135.2 million), whereby organic growth reached 18.3%.

  - The Nemetschek Group further reinforced its international alignment. In
    the first half of 2016, revenue abroad rose by 22.0% to EUR 109.7
    million (previous year's period: EUR 90.0 million).

  - With a plus of 21.9% to EUR 85.8 million (first half of 2015: EUR 70.4
    million), revenue from the sale of software licenses constituted a
    further growth driver. Recurring revenues from maintenance contracts
    and rental models also increased considerably in the two-digit range by
    16.1% to EUR 67.7 million (first half of 2015: EUR 58.3 million). The
    share of revenues from recurring revenues amounted to 41.9%.

  - Other operating income contains a positive one-time effect in the
    amount of EUR 1.9 million which is the result of a settlement agreement
    arising from a legal dispute with a former member of the executive
    board.

  - EBITDA rose over-proportionally compared to revenue. It increased in
    the first six months by 39.9% to EUR 45.6 million (previous year: EUR
    32.6 million), which corresponds to an operating margin of 28.2%
    (previous year's period: 24.1%). On the basis of the quarter, EBITDA
    even rose by 61.5% to EUR 24.6 million (Q2 2015: EUR 15.2 million).
    EBITDA adjusted by the one-time effect which occurred in Q2 rose in the
    first half of the year by 34.1% to EUR 43.7 million, which corresponds
    to an adjusted EBITDA margin of 27.0%. In Q2, the Nemetschek Group
    achieved an adjusted EBITDA of EUR 22.7 million, an increase over the
    previous year of 49.0%.

  - The net income for the year (Group shares) increased by 56.1% to EUR
    24.2 million (first half of 2015: EUR 15.5 million). The earnings per
    share rose from EUR 0.40 to EUR 0.63. Adjusted for the one-time effect,
    the Group's net income for the year is calculated at EUR 22.9 million
    (+47.5%) with adjusted earnings per share of EUR 0.59.

"In the first half of the year, we have further improved our
competitiveness and market position in the AEC market," said Patrik Heider,
Spokesman and CFOO of the Nemetschek Group. "This puts us well on the way
to having another record year for the Nemetschek Group. The continued
internationalization as well as innovative solutions for our customers are
the basic prerequisites for implementing strong growth and making optimum
use of our opportunities in the markets," Heider continued.

Healthy balance sheet and high liquid reserves
The Group's net asset structure and financial position remain extremely
sound. The Nemetschek Group demonstrated an equity ratio of 44.0% at the
end of the first half of 2016 (December 31, 2015: 44.0%). Net liquidity
improved to EUR 13.5 million (December 31, 2015: EUR 3.3 million).

Development of the segments in the first half of the year
The Design segment continued to develop positively. Revenue rose by 13.7%
to EUR 106.8 million (previous year's period: EUR 94.0 million). EBITDA
rose much more strongly than revenue by 34.9% to EUR 29.2 million (previous
year's period in 2015: EUR 21.7 million). The EBITDA margin increased
accordingly from 23.1% to 27.4%. The growth is attributable to almost all
regions and brands.

As a result of the acquisition of the Finnish company Solibri and the
strong organic growth of the US subsidiary Bluebeam Software, revenue in
the Build segment increased by 41.1% to EUR 40.3 million (first half of
2015: EUR 28.6 million). Revenue rose organically by about 35%. EBITDA also
increased significantly by 44.2% to EUR 9.1 million (previous year's
period: EUR 6.3 million), which caused the EBITDA margin to improve to
22.6% (previous year's period: 22.1%).

It was possible to continue to accelerate growth in the Manage segment in
the second quarter. In the first half of 2016, revenue rose by 20.5% to EUR
3.2 million (previous year's period: EUR 2.7 million). It was possible to
almost double EBITDA, which amounted to EUR 0.6 million (first half of
2015: EUR 0.3 million), which corresponds to an EBITDA margin of 17.5%
(previous year's period: 11.0%).

The Media & Entertainment segment showed a considerable increase in revenue
in the second quarter following stable development in the first three
months. The first half of the year showed a rise in revenue of 11.8% to EUR
11.2 million (previous year's period: EUR 10.0 million). In spite of
future-oriented investments, EBITDA rose by 11.1% to EUR 4.8 million
(previous year's period: EUR 4.3 million). The EBITDA margin was a high
42.9% (previous year: 43.1%).

Very positive outlook for 2016 continues
Following a very strong first half of the year, the Nemetschek Group
anticipates record figures in terms of revenue and operating result for the
year 2016 as a whole. Planning forecasts remain unchanged with Group
revenues ranging from EUR 319 million to EUR 325 million and an EBITDA
adjusted for one-time effects of between EUR 77 million and EUR 80 million.
On the basis of the first six months, the executive board anticipates
achieving corresponding values at the upper end of this target range.

Overview of key figures for the Group

In EUR million   Q2 2016   Q2 2015   Δ in %   6M 2016   6M 2015   Δ in %
Revenue          83.8      68.6      +22.2%  161.5     135.2     +19.5%
- thereof        45.5      35.9      +26.5%  85.8      70.4      +21.9%
software
licenses
- thereof        34.4      29.7      +16.1%  67.7      58.3      +16.1%
software
service
EBITDA           24.6      15.2      +61.5%  45.6      32.6      +39.9%
Margin           29.3%     22.2%             28.2%     24.1%
EBITDA (w/o      22.7      15.2      +49.0%  43.7      32.6      +34.1%
one-time
effect)
Margin (w/o      27.1%     22.2%             27.0%     24.1%
one-time
effect)
Net income       13.1      7.1       +85.1%  24.2      15.5      +56.1%
(Group shares)
EPS in euros     0.34      0.18      +85.1%  0.63      0.40      +56.1%
Net income (w/o  11.8      7.1       +66.3%  22.9      15.5      +47.5%
one-time
effect)
EPS in euros     0.31      0.18      +66.3%  0.59      0.40      +47.5%
(w/o one-time
effect)
Net income       15.1      8.9       +69.5%  28.0      19.1      +47.1%
(Group shares)
before
depreciation
from purchase
price
allocation
EPS before       0.39      0.23      +69.5%  0.73      0.50      +47.1%
depreciation
from purchase
price
allocation


Key figures by segment

In EUR million    Q2 2016   Q2 2015   Δ in %    6M 2016   6M 2015   Δ in %
Design
Revenue               55.4      47.8   +15.8%     106.8      94.0  +13.7%
EBITDA                15.8      10.1   +56.7%      29.2      21.7  +34.9%
Margin               28.5%     21.1%              27.4%     23.1%
Build
Revenue               20.8      14.7   +41.0%      40.3      28,6  +41.1%
EBITDA                 4.1       3.3   +24.3%       9.1       6.3  +44.2%
Margin               19.8%     22.4%              22.6%     22.1%
Manage
Revenue                1.7       1.3   +28.0%       3.2       2.7  +20.5%
EBITDA                 0.4       0.2  +118.4%       0.6       0.3  +90.8%
Margin               20.8%     12.2%              17.5%     11.0%
Media &
Entertainment
Revenue                6.0       4.7   +26.8%      11.2      10.0  +11.8%
EBITDA                 2.4       1.7   +44.8%       4.8       4.3  +11.1%
Margin               40.9%     35.8%              42.9%     43.1%


The complete half year report for 2016 is available for download in the
Investor Relations section of the company website.

For further information on the company, please contact:

Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com

About the Nemetschek Group
The Nemetschek Group, Munich, is a globally leading software provider for
the AEC (Architecture, Engineering, Construction) industry. With its 12
brands, the Nemetschek Group now serves around 2.1 million users in 142
countries from more than 50 locations worldwide. Founded in 1963 by
Professor Georg Nemetschek, the company focuses on innovations such as Open
Building Information Modeling (Open BIM) for the AEC market of tomorrow.
Publicly listed since 1999 and quoted on the TecDAX, the company achieved
revenue in the amount of EUR 285.3 million and an EBITDA of EUR 69.5
million in 2015.


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29.07.2016 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.

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   Language:    English                                                    
   Company:     Nemetschek SE                                              
                Konrad-Zuse-Platz 1                                        
                81829 München                                              
                Germany                                                    
   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                                                     
   Indices:     TecDAX                                                     
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated  
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
                Stuttgart, Tradegate Exchange                              
 
 
   End of News    DGAP News Service  
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487269 29.07.2016