Corporate | 16 May 2012 08:04
Mensch und Maschine Software SE / Key word(s): Quarter Results
16.05.2012 / 08:04
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Operating profit exceeds preliminary figures
- Net profit 72% above Q1/2011 / Good balance sheet development
- Annual targets again confirmed / High dividend return
Wessling, May 16, 2012 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, today disclosed the final Q1
report, with operating profit exceeding the figure preliminary reported on
April 23 by 10%, and showing a better than expected balance sheet
development.
In Q1, sales in the continued segments M+M Software and VAR D/A/CH rose by
20% and 12% to EUR 8.16 mln (PY: 6.81) and EUR 19.60 mln (PY: 17.55),
respectively. Operating profit EBITDA before depreciation, amortization,
interest and taxes jumped to EUR 1.72 mln (PY: 0.89 / +92%) and EUR 1.33 mln
(PY: 0.79 / +67% - preliminary reported EUR 1.1 / +39%), respectively.
Group EBITDA amounting to EUR 3.34 mln (PY: 2.85 / preliminary reported:
3.0) was 17% higher than in Q1/2011, though group sales without the
Distribution business, which was sold last October, halved to EUR 29.54 mln
(PY: 59.06). EBITDA margin in the group thus more than doubled to 11.3% (PY:
4.8%), while the gross yield jumped to 53.0% (PY: 31.6%).
As depreciation and amortization in total remained nearly constant and the
finance cost decreased, net profit after minority shares increased
disproportionately to EUR 1.32 mln (PY: 0.77 / +72%), or 9 Cents (PY: 5) per
share (undiluted).
Total assets decreased faster than expected to EUR 93.75 mln (Dec 31, 2011:
104.95 / -11%). Combined with shareholders' equity, risen to EUR 34.02 mln
(Dec 31, 2011: 33.76 / +1%), the capital ratio further soared to 36.3% (Dec
31, 2011: 32.2%). Thus the capital ratio in the past 12 months since March
31, 2011 increased by sound 40%.
'The first quarter 2012 performed very well for us both in the operating
business and in terms of balance sheet development' M+M CEO Adi Drotleff
happily states. 'Therefore we are confident from today's point of view that
our 2012 targets - EUR 150 mln sales, EUR 13 mln EBITDA, EUR 5 mln net
profit and 30-35 Cents EPS - are achievable. After doubling the 2011
dividend payable next week to 20 Cents, we plan to further increase the 2012
dividend to 30 Cents - still tax free. At the actual share price just below
5 Euro, this represents a net dividend return north of 4% for 2011 and north
of 6% for 2012.'
End of Corporate News
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Language: English
Company: Mensch und Maschine Software SE
Argelsrieder Feld 5
82234 Wessling
Germany
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
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News-Service
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