DGAP-News: Nemetschek AG / Key word(s): Final Results
Nemetschek AG: Nemetschek expects further growth in 2012
30.03.2012 / 07:15
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Corporate News
Nemetschek expects further growth in 2012
Target for margin achieved / dividend of 1.15 euros planned / revenue of
around 180 million euros expected for 2012
Munich, March 30, 2012. Nemetschek AG (ISIN 0006452907), Europe's largest
vendor of software for architecture and the building industry, published
its annual report today. As reported on publication of the provisional
figures, the group was able to increase revenues by 10 percent in 2011 to
164 million euros (previous year 149.7 million euros).
The operating result (EBITDA) rose 6 percent to 39.3 million euros, while
the EBITDA margin was at 24 percent, as forecast at the start of the year.
The margin was thus slightly below the previous year's level (25 percent);
this is due to group-wide investments in future revenue growth, as well as
one-time effects in the operating costs. The EBIT increased by 6 percent to
29.1 million euros. Due to deferred tax income of 1.4 million euros, the
net income (group shares) rose by 10 percent to 20.8 million
euros. As a result, the earnings per share (group shares) were 2.16
euros, compared with 1.97 euros in the previous year.
At the end of the year, the number of employees in the group had risen from
1,076 to 1,173.
Free cash flow rose by 11 percent
The strong operating result is also reflected in the cash flow: In a
year-on-year comparison, the cash flow from operating activities rose by 15
percent to 37.1 million euros. Adjusted to take account of the one-time
effects from the previous year, the cash flow from investment activities
was -5.6 million euros, and thus largely unchanged compared with the
previous year. Consequently, the free cash flow rose by 11 percent to 31.5
million euros in 2011. The net liquidity was 28.8 million euros, compared
with 11.1 million euros in the previous year. The equity ratio of the
Nemetschek Group is 64 percent.
As a result of this situation, the managing board and supervisory board
decided to propose an increase in the dividend from 1.00 to 1.15 euros at
the AGM in May. 'In view of the good results for 2011, we want to enable
shareholders to share in this success,' said Tim Alexander Lüdke, CEO of
Nemetschek AG.
Renewed increase in revenue again in 2012
Provided the underlying conditions remain largely stable, Nemetschek is
again planning a clear increase in revenue of 10 percent to approximately
180 million euros for 2012. The managing board expects the 2012 EBITDA
margin to remain at a level similar to that in 2011.
To achieve its growth targets, the group is primarily intending to drive
forward its strategy of internationalization. In this respect, the large
subsidiaries are planning investments to strengthen their market presence,
measures that will be supported by various initiatives by the holding
company. This is expected to lead to a further moderate increase in the
headcount.
Group P+L
EUR millions 2010 2011 %-chg. Q4 2010 Q4 2011 %-chg.
Revenues 149.7 164.0 +10% 41.5 46.1 +11%
t/o Software and 74.9 81.3 +9% 21.4 24.6 +15%
licenses
t/o Maintenance 66.8 74.3 +11% 17.7 19.0 +7%
EBITDA 37.1 39.3 +6% 10.5 11.4 +9%
Margin 25% 24% 25% 25%
Net income(group 18.9 20.8 +10% 5.8 7.5 +29%
shares)
EPS 1.97 2.16 0.60 0.78
Divisions
EUR millions 2010 2011 %-chg. Q4 2010 Q4 2011 %-chg.
Design
Revenues 121.6 132.6 +9% 33.5 37.6 +12%
EBITDA 27.3 28.1 +3% 7.7 8.4 +9%
Margin 22% 21% 23% 22%
Build
Revenues 13.5 13.8 +2% 3.6 3.7 +3%
EBITDA 5.3 4.8 -9% 1.6 1.4 -13%
Margin 39% 35% 44% 38%
Manage
Revenues 3.6 3.7 +3% 0.9 1.0 +11%
EBITDA 0.31 0.26 -16% 0.04 -0.01 n.m.
Margin 9% 7% 4% -1%
Multimedia
Revenues 11.1 13.9 +25% 3.4 3.8 +12%
EBITDA 4.2 6.2 +48% 1.3 1.5 +15%
Margin 38% 45% 38% 39%
About Nemetschek
The Nemetschek Group is Europe's leading vendor of software for
architecture and construction. The graphical, analytical and commercial
solutions cover a large part of the entire value chain in construction -
from the planning and visualization of a building and the construction
process itself through to building management. The software programs range
from CAD solutions for architects and engineers to construction software
for cost planning, tenders, awarding of contracts and execution. These are
complemented by solutions for facility and real estate management as well
as visualization software for architects and the movie industry.
The company was founded in 1963 and employs more than 1,100 people
worldwide. Its products are used by more than 300,000 customers in 142
countries worldwide. In 2011, Nemetschek achieved revenues of 164 million
euros and an operating result (EBITDA) of 39 million euros.
In case of queries, please contact:
Nemetschek AG
Head of Investor Relations/Corporate Communications
Regine Petzsch
Konrad-Zuse-Platz 1
81829 Munich
Germany
Phone: +49 89 92793-1219
Fax: +49 89 92793-5404
End of Corporate News
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Language: English
Company: Nemetschek AG
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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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162642 30.03.2012
DGAP-News: Nemetschek AG: Nemetschek expects further growth in 2012
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