Mensch und Maschine Software SE presenting Q1 Report 2024
April 18, 2024 at 02:50 am EDT
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EQS-News: Mensch und Maschine Software SE
/ Key word(s): Quarter Results
Mensch und Maschine Software SE presenting Q1 Report 2024
18.04.2024 / 08:48 CET/CEST
The issuer is solely responsible for the content of this announcement.
Strongest quarter ever in M+M’s history
- Outstanding Q1/2023 all-time record profit exceeded
- Average EPS target path 2024/25E remains at +17%
Wessling, April 18, 2024 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, started the year 2024 with a very strong Q1. As during Q2-Q4/2023, M+M’s proprietary business dominated, which led to more gross profit despite an (expected) decline in sales. Thanks to strict cost discipline, even the outstanding all-time-high record profit from the previous year could be exceeded.
Group sales amounted to EUR 100.87 mln (PY: 103.06 / -2.1%). Contrary to sales, group gross profit climbed to EUR 50.18 mln (PY: 47.09 / +6.6%), with EUR 27.70 mln (PY: 25.84 / +7.2%) from M+M Software and EUR 22.48 mln (PY: 21.25 / +5.8%) from Digitization.
Operating profit EBIT at EUR 16.86 mln (PY: 15.81 / +6.7%) exceeded last year’s all-time quarterly record, with EUR 9.90 mln (PY: 9.19 / +7.7%) from M+M Software and EUR 6.96 mln (PY: 6.62 / +5.2%) from the Digitization Business.
Net profit after minority shares grew by +8.2% to EUR 10.62 mln (PY: 9.82), or 63 Cents (PY: 59) per share. The operating cash flow at EURO 25.52 mln (PY: 24.59) or 151 Cents (PY: 148) per share also reached a new record, albeit closely.
M+M CFO Markus Pech and Chairman Adi Drotleff give an optimistic outlook after the good start: “For 2024 we confirm the +10-20% to 189-206 Cents per share net profit target, as well as the 185-195 Cents dividend target. For 2025 we expect a stronger +12-25% EPS growth and are planning +25-35 Cents more in dividends. Over the two-year period 2024/25E, the average EPS target path thus remains at the +17% per year achieved in 2022/23. "
The cover story of the Q1 Report 2024 this time is:
“Digital twins for BIM - Building Information Modeling/Management.”
18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Mensch und Maschine Software SE is a Germany-based provider of software solutions in the field of Computer Aided Design (CAD), Computer Aided Manufacturing (CAM), Product Data Management (PDM) and Building Information Management (BIM). It focuses on the areas industry and mechanical engineering, construction and architecture, electrical engineering and plant construction, data management, industrial design, animation and entertainment and infrastructure management. Along with software development, the Company provides related support service. The Company is present in Germany, Austria, Switzerland, France, Italy, the United Kingdom, Poland, Romania, Spain, the United States, Brazil, Japan and in the Asia-Pacific region.