DGAP-News: Nemetschek AG / Key word(s): Final Results
Nemetschek AG: Successful fiscal year 2013
28.03.2014 / 07:02
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Corporate News
Nemetschek AG: Successful fiscal year 2013
- EBITDA rises by 13% to EUR 46.3 million, EBITDA margin at 24.9%
- Earnings per share significantly above previous year at EUR 2.49 Euro
(+23%)
- Solid balance sheet: Equity ratio of 66.2%, cash and cash equivalents
at EUR 48.6 million
- Dividend increases by 13% to EUR 1.30 per share
- Optimistic outlook for 2014
Munich, March 28, 2014 - Today Nemetschek AG (ISIN 0006452907) announced
its fiscal year figures for 2013 and the outlook for 2014.
Above-average earnings growth in 2013
In the 2013 financial year, the Nemetschek Group achieved revenues
amounting to EUR 185.9 million, an increase of 6.2% over the previous year
(EUR 175.1 million). The earnings from operating activities before
interest, taxes, depreciation and amortization (EBITDA) rose more strongly
than revenues. With EUR 46.3 million, the EBITDA increased by 13.0%
compared to the previous year (EUR 40.9 million). Thus, Nemetschek was able
to improve the EBITDA margin by 1.5 percentage points from 23.4% to 24.9%
within a single year. The positive earnings development is also reflected
in the net income for the year. With a rise of 23.0%, the net income for
the year (group shares) rose to EUR 24.0 million (previous year: EUR 19.5
million). As a result, the earnings per share were EUR 2.49.
"We look back on a successful 2013 financial year and were able to
significantly improve all major key figures compared to the previous year,"
says Patrik Heider, CFOO of Nemetschek AG. "In 2013 we succeeded in the
continued implementation of our global growth strategy and made advances in
major areas such as internationalization, acquisition, innovations and the
integration of technological trends in our own solution portfolio. We have
thus set the cornerstone for further profitable growth," Heider continues.
Increase in revenues and earnings in all four segments
In the Design segment, revenues rose by 5.5% to EUR 149.5 million (previous
year: EUR 141.8 million). The EBITDA was above-average relative to revenues
and rose to EUR 33.1 million, an increase of 14.7% compared to the previous
year. The EBITDA margin consequently increased to 22.1% (previous year:
20.3%).
In the Build segment, an increase in revenues of 7.4% was achieved, with
revenues rising to EUR 15.4 million (previous year: EUR 14.3 million). The
EBITDA increased by 5.5% to EUR 5.5 million, which corresponds to an EBITDA
margin of 36.0%.
The development of the Manage segment was extremely positive: With a growth
rate of 20.2% in the course of the year, revenues in 2013 rose considerably
to EUR 5.0 million (previous year: EUR 4.2 million). The EBITDA grew even
more strongly. At EUR 1.1 million, the figure more than doubled over the
year (previous year: EUR 0.5 million).
The Multimedia segment also continued on its growth course: In 2013
revenues rose by 8.1% to EUR 16.0 million (previous year: EUR 14.8
million). The EBITDA margin remained high at 40.7%.
Solid balance sheet and comfortable liquidity position
With an equity ratio of 66.2% and cash and cash equivalents amounting to
EUR 48.6 million, the Nemetschek Group has extremely solid asset and
financial structures. In spite of the acquisition of Data Design System in
November 2013 using the company's own capital resources and the upcoming
dividend distribution, Nemetschek has sufficient liquidity reserves for
further organic and inorganic growth.
Dividend increases to EUR 1.30 per share
At the Annual Shareholders' Meeting on May 20, 2014, the Executive Board
and Supervisory Board will propose a dividend of EUR 1.30 per share, an
increase of 13% compared to the previous year (EUR 1.15 per share).
Optimistic outlook for the 2014 financial year
Based on the assumption of a stable economic environment, and the
assumption that this will also apply to the construction industry, in
addition to a positive impetus for growth arising from technological trends
in the AECM (Architecture, Engineering, Construction, Management) and
multimedia industries, the executive board of Nemetschek has an optimistic
outlook for 2014. "On the one hand, as a result of our solid balance sheet
and high liquidity reserves, we have the financial means to invest in the
future, including corporate acquisitions. And on the other hand, we are
ideally positioned as a group: Our organization is decentralized with a
strategic holding and strong, independent brands. We are consequently able
to shape our progress in a way which is expedient and customer-oriented. It
is our declared goal to continue to grow globally and to increase revenues
and earnings," explains Patrik Heider.
For the 2014 fiscal year, Nemetschek Group plans an increase in revenues in
the range of EUR 207 million to EUR 212 million (increase of 11% to 14%).
An EBITDA margin of between 23% and 25% is expected.
Overview of key figures
In EUR million FY 2013 FY 2012 Î in %
Revenues 185.9 175.1 +6.2%
- thereof software services 89.1 80.1 +11.2%
- thereof software licenses 87.0 85.8 +1.5%
EBITDA 46.3 40.9 +13.0%
Margin 24.9% 23.4%
EBITA (normalized EBIT) 42.0 36.4 +15.5%
Margin 22.6% 20.8%
Net income (group shares) 24.0 19.5 +23.0%
Earnings per share in EUR 2.49 2.03 +23.0%
Net income (group shares) before 29.7 25.5 +17.4%
depreciation of PPA
Earnings per share before depreciation of PPA 3.08 2.62 +17.4%
In EUR million Dec. 31, 2013 Dec. 31, 2012 Î in %
Cash and cash equivalents 48.6 44.3 +9.6%
Equity 118.2 106.7 +10.7%
Equity ratio 66.2% 66.8%
Cash flow from operating activities 40. 2 36.5 +10.3%
Key figures by segment
In EUR million FY 2013 FY 2012 Î in %
Design
Revenues 149.5 141.8 +5.5%
EBITDA 33.1 28.8 +14.7%
Margin 22.1% 20.3%
Build
Revenues 15.4 14.3 +7.4%
EBITDA 5.5 5.3 +5.5%
Margin 36.0% 36.7%
Manage
Revenues 5.0 4.2 +20.2%
EBITDA 1.1 0.5 +117.5%
Margin 22.5% 12.4%
Multimedia
Revenues 16.0 14.8 +8.1%
EBITDA 6.5 6.3 +2.8%
Margin 40.7% 42.8%
The complete 2013 annual report is available for download in the Investor
Relations section of the company website.
For further information on the company, please contact
Nemetschek AG
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com
About Nemetschek AG
Nemetschek, Munich, is a globally leading producer of software for the AECM
(Architecture, Engineering, Construction, Management) industry. With its 12
brands, the Nemetschek Group now serves more than 1.2 million users in 142
countries from more than 40 locations worldwide. Founded in 1963 by
Professor Georg Nemetschek, the company focuses on innovations such as Open
Building Information Modeling (Open BIM) for the AECM market of tomorrow.
Publicly listed since 1999 and quoted on the TecDAX, the company achieved
revenues of EUR 185.9 million in the 2013 fiscal year and an EBITDA margin
of 24.9%.
End of Corporate News
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28.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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260191 28.03.2014
DGAP-News: Nemetschek AG: Successful fiscal year 2013
| Source: EQS Group AG