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Press Release
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| New software generation spurs Nemetschek | | |
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| Nemetschek Group sales increase to 103 million euros and EBITDA to 21.3 million euros
Munich, November 9, 2007. The Nemetschek Group was once again able to strengthen its market position at home and abroad in the past nine months of the 2007 financial year. Above all, the new versions of the four international software brands Allplan, Archicad, VectorWorks and CINEMA4D will spur on business. “We are very satisfied with the business development so far”, said CFO and Board Spokesman Ernst Homolka. After just nine months of the 2007 financial year, the Nemetschek Group’s sales revenues of 102.8 million euros almost equaled the total sales revenue of 2006.
Sales up by 37.5 %
Compared to the same period of the previous year, group sales revenues increased by 37.5% to 102.8 million euros with all business units reporting an increase in sales. The lion’s share, as before, is contributed by the Design business unit, accounting for 82.8 million euros (previous year 57.1 million euros). The sales achieved by Hungarian Graphisoft and which amounts to 23.0 million euros are included in the group sales. The group EBITDA increased by 80.5% to 21.3 million euros (previous year: 11.8 million euros). This results in an EBITDA margin of 20.8% (previous year: 15.8%). The group EBITDA without Graphisoft, of 13.8 million euros (previous year: 11.8 million euros), increased by 16.5%. This corresponds to an EBITDA margin of 17.3% (previous year: 15.8%). With an EBITDA of 7.6 million euros, Graphisoft achieved an EBITDA margin of 32.9%.
International sales now at 62.9 %
The Nemetschek Group grew at home from 31.2 million euros to 38.2 million euros, corresponding to a growth rate of 22.2%. Abroad, the group achieved sales of 64.6 million euros, which represents an increase of 48.5%. For the first nine months, the relationship between domestic and foreign sales was 37.1% (previous year: 41.7%) to 62.9% (previous year: 58.3%). The managing board expects the proportion of foreign business to reach two thirds in the near future.
Equity ratio is 30.8 %
The higher EBITDA in the first nine months of the financial year also had a positive effect on cash flow. The cash flow for the period increased to 19.2 million euros (previous year: 11.9 million euros). Cash flow from normal business activities rose by 3.6 million euros to 19.4 million euros. Cash flow from investing activities is –99.2 million euros, 97.2 million euros of which was paid for 100% of the Graphisoft SE shares. On September 30, 2007 the group had already repaid 27.0 million euros of the bank loan taken out for financing purposes. Cash flow from financing activities contains the dividend payout of 0.56 euros per share, paid on May 24, 2007. After repayment of the bank loan and payment of the dividend, the liquid assets on the key date were 26.9 million euros (on December 31, 2006: 32.0 million euros). The equity capital is 56.1 million euros (December 31, 2006: 55.1 million euros). This is equivalent to an equity ratio of 30.8 % (December 31, 2006: 27.0 %).
Earnings per share increased to 0.93 euros
The Nemetschek Group increased its net income to 9.3 million euros despite depreciation from purchase price allocation of -5.5 million euros (previous year: 0 million euros), and interest of -4.0 million euros (previous year: -0.1 million euros). The earnings per share (basic) improved by 15.9% to 0.93 euros (previous year: 0.80 euros).
Outlook: good opportunities for 2008
“With the good operational figures for the first nine months of this year, which are again marked by sustained growth and improved margins, we believe there is a very good chance of meeting all the forecast targets for the 2007 financial year”, says CFO and Board Spokesman Homolka. In the fourth quarter, Nemetschek is already seeing higher demand for the new software generations launched in the fall. For the current financial year, management expects total sales of more than 140 million euros and an EBITDA margin of over 20 percent.
About Nemetschek
The Nemetschek Group is a leading international IT company in the AEC sector (Architecture, Engineering, Construction). The software company develops integrated solutions for the complete life cycle of buildings and real estate – from building design and construction through to facility management. The company’s products are currently used by more than 270,000 companies in 142 countries and in 16 languages to optimize the complete building creation and management process in terms of quality, cost and time. Nemetschek was founded in 1963 by Prof. Nemetschek and has approx. 1,150 employees worldwide (2007).
For more information, visit www.nemetschek.de
| For further Information: |
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Nemetschek AG
Rita Sander
Konrad-Zuse-Platz 1
81829 München
Phone: +49 (0)89-9 27 93-1219
Fax: +49 (0)89-9 27 93-5404
investorrelations@nemetschek.de |
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