DGAP-News: Mensch und Maschine Software SE discloses Q1 report

2019. április 29., hétfő, 08:03

DGAP-News: Mensch und Maschine Software SE / Key word(s): Quarter Results

Mensch und Maschine Software SE discloses Q1 report

29.04.2019 / 08:03

The issuer is solely responsible for the content of this announcement.

Fantastic start to fiscal year 2019

- Sales +30% / EBIT +39% / Net profit +38%

Wessling, April 29, 2019 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, had a fantastic start to fiscal year 2019: Dynamic organic +23% growth for sales and +26% for EBIT, together with strong numbers from new group member SOFiSTiK totaled +30% sales and +39% EBIT growth.

Group sales increased to EUR 63.17 mln (PY: 48.58 / +30% or +23% organic), with EUR 18.40 mln (PY: 14.02 / +31%) from M+M Software and EUR 44.77 mln (PY: 34.56 / +30%) from VAR Business.

Operating profit EBIT grew to EUR 8.16 mln, the highest quarterly result ever. Compared to the previous year"s EUR 5.86 mln, EBIT growth was +39% total or +26% organic. Software contribution to group EBIT was EUR 4.79 mln (PY: 3.78 / +27%), while the VAR Business achieved EUR 3.37 mln (PY: 2.09 / +62%).

Net profit after minority shares jumped by 38% to EUR 4.87 mln (PY: 3.73), or 29 Cents (PY: 22) per share.

CEO Adi Drotleff is completely satisfied: "The 2019 targets given in the annual report 2018 - sales to grow +15-20% to EUR 215-220 mln, EBIT +22-33% to EUR 24-26 mln and EPS +25-34% to 89-95 Cents - are now comfortably underlined by the good start to fiscal year 2019. Assuming we achieve these targets we plan to increase the dividend to 77-83 Cents, while in the annual shareholders" meeting on May 8, 2019, the dividend proposal for fiscal year 2018 will be 65 Cents (PY: 50)."


29.04.2019 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: Mensch und Maschine Software SE

Argelsrieder Feld 5

82234 Wessling

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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 804277

End of News DGAP News Service

804277  29.04.2019 

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