Ad-hoc | 26 March 2001 08:43
*vwd Ad-hoc-Service: Nemetschek AG
english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Munich, March 26, 2001. Nemetschek AG, one of the world’s leading vendors of
information technology and consulting services for building design, construc-
tion and management, and fourth largest vendor of standard software in Germany,
achieved a marginal increase in sales of 3.3% to DM 253 million in fiscal 2000
(previous year: DM 245 million).
Increased expenses in the amount of DM 8 million for the development of the
Internet subsidiary MYBAU.COM AG and additional goodwill amortization on top of
increased expenses – in particular in recently added companies – led to an
operating loss of DM 2.5 million. The insolvency of S 3 AG had an additional
negative impact in the amount of DM 8.1 million. After subtracting minority
interest, this resulted in a consolidated accumulated deficit of DM 10.7 million
(consolidated profit in previous year: DM 17.3 million).
The company thus failed to meet the ambitious sales and earnings targets it had
set itself at the beginning of the business year. This was largely due to the
weak construction economy, valuation adjustments for the affiliated company S3
AG, and investments in the subsidiary MYBAU AG.
At DM -0.5 million, the DVFA/SG result before goodwill amortization is
marginally negative (previous year: DM 22.7 million). Due to the substantial
amount of amortization, Nemetschek Group achieved a positive cash flow of DM 17
million (previous year: DM 24.6 million). The capital fund at the end of the
period totals DM 55.7 million (previous year: DM 133.1 million), which means
that Nemetschek Group is in good financial shape. Equity capital exceeds 70 %.
The current market capitalization is less than the reported net worth.
In the year 2001, the focus within the Group will be on consolidation. The
managing board has planned sales growth of 8% to DM 275 million and EBIT of DM
29 million. Nemetschek AG is due to return to its previous sales and profit
strength in 2002.
For further information: Investor Relations Herr Richard Höll Nemetschek AG
Konrad-Zuse-Platz 1 81829 München Tel. 089/92793-1219 Fax 089/92793-5520
Investorrelations@nemetschek.de
end of ad hoc announcement, (c) DGAP 26.03.2001
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WKN: 645290; Index:
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
260843 Mär 01