Ad-hoc | 14 December 2004 10:44
Nemetschek strengthens Board competencies
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Nemetschek strengthens Board competencies
As of January 1, 2005, Nemetschek will once again have a three-member Board /
Dr. Peter Rainer Mossack will head Research and Development management
division / Michael Westfahl to take over Sales and Marketing management
division / Strengthening of management competencies for global growth
Munich, December 14, 2004 – The Nemetschek Group, one of the leading providers
of software and consulting services for the design, construction and management
of buildings and real estate, is fortifying its Managing Board: Starting on
January 1, 2005, Dr. Peter Rainer Mossack (50) will head the Research and
Development division. Dr. Mossack has a doctorate in physics and most recently
held a comparable position at Software AG. At Nemetschek, Dr. Mossack will be
responsible for the development and implementation of the product strategy. At
the start of the 2005 business year, Michael Westfahl (46) will move up to
Managing Board membership from his current position as Managing Director of
Nemetschek Deutschland GmbH. Mr. Westfahl graduated in engineering and will
take over the Sales and Marketing division, a position he has already been
holding at the German subsidiary since April 2003. Prior to that time, Mr.
Westfahl worked for Compaq Deutschland GmbH for thirteen years, where his last
position was Director of Marketing and Business Development. Uwe Wassermann,
who has been part of the Managing Board since 1998, has a contract that ends
on December 31, 2004 as scheduled. He will continue to remain available to
Nemetschek AG as an external consultant for special assignments.
Nemetschek reported Group sales of 95.6 million euros for the 2003 business
year, with an operating result of 5.6 million euros. As of September 30, 2004
the balance sheet shows an equity ratio of 66 % and liquid assets in the
amount of 36.6 million euros. The Nemetschek Group will end the 2004 business
year at positive levels comparable to those of the previous year. As the
company is rounding out its Managing Board competencies, Nemetschek intends to
create a basis for lasting growth in all national and international markets.
Contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, Konrad-Zuse-
Platz 1, 81829 Munich, Germany, phone: +49 (0)89/92793-1219, fax: +49
(0)89/92793-5520, e-mail: Investorrelations@nemetschek.de
end of ad-hoc-announcement (c)DGAP 14.12.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Nemetschek strengthens Board competencies
As of January 1, 2005, Nemetschek will once again have a three-member Board /
Dr. Peter Rainer Mossack will head Research and Development management
division / Michael Westfahl to take over Sales and Marketing management
division / Strengthening of management competencies for global growth
Munich, December 14, 2004 – The Nemetschek Group, one of the leading providers
of software and consulting services for the design, construction and
management of buildings and real estate, is fortifying its Managing Board:
Starting on January 1, 2005, Dr. Peter Mossack (50) will head the Research and
Development division. Dr. Mossack has a doctorate in physics and most recently
held a comparable position at Software AG. At Nemetschek, Dr. Mossack will be
responsible for the development and implementation of the product strategy.
Dr. Mossack comes to Nemetschek with many years of R & D experience in the
software industry. In his new position, one of his objectives is the
advancement of technological integration of Nemetschek products.
At the start of the 2005 business year, Michael Westfahl (46) will move up to
Managing Board membership from his current position as Managing Director of
Nemetschek Deutschland GmbH. Mr. Westfahl graduated in engineering and will
take over the Sales and Marketing division, a position he has already been
holding at the German subsidiary since April 2003. Mr. Westfahl has extensive
sales and marketing experience in the IT industry. Most recently, Mr. Westfahl
worked for Compaq Deutschland GmbH for thirteen years, where his last position
was Director of Marketing and Business Development. Uwe Wassermann, who has
been part of the Managing Board since 1998, has a contract that ends on
December 31, 2004 as scheduled. He will continue to remain available to
Nemetschek AG as an external consultant for special assignments.
Additional investments in market activities
“We are very happy to announce that with Dr. Mossack and Mr. Westfahl, we have
attracted two experienced managers, who have already convincingly proven their
competence in their fields. In the wake of the successful consolidation of the
Nemetschek Group in recent years, we have reinforced our Managing Board and
are setting a course towards sustained growth in all national and
international markets” says Kurt Dobitsch, Chairman of the Supervisory
Board. “Having bolstered our Managing Board, we are now able to work even more
efficiently in our markets, with respect to product strategies, as well as
sales and marketing. During the 2005 business year, we will place particular
emphasis on investing in these areas, and pave the way for global growth”,
explains Gerhard Weiß, Chairman of the Board of Nemetschek AG.
Nemetschek reported Group sales of 95.6 million euros for the 2003 business
year, with an operating result of 5.6 million euros and a cash flow from
operating activities amounting to 14 million euros. The balance sheet is very
solid, with liquid assets of 36.6 million euros and an equity ratio of 66% as
of September 30, 2004. Nemetschek will complete the 2004 business year with
positive sales and profit numbers similar to those of the previous year.
Contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, Konrad-Zuse-
Platz 1, 81829 Munich, Germany, phone: +49 (0)89/92793-1219, fax: +49
(0)89/92793-5520, e-mail: Investorrelations@nemetschek.de
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WKN: 645290; ISIN: DE0006452907; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
141044 Dez 04