PRESS RELEASE
from Mensch Und Maschine Software SE (isin : DE0006580806)
Mensch und Maschine Software SE discloses preliminary results 2023
EQS-News: Mensch und Maschine Software SE / Key word(s): Preliminary Results
Mensch und Maschine Software SE discloses preliminary results 2023
07.02.2024 / 09:02 CET/CEST
The issuer is solely responsible for the content of this announcement.
Mensch und Maschine Software SE discloses preliminary results 2023
Guidance exactly matched: EPS 2022/23 +17% p.a.
- New record year with very high cash flows
- Dividend proposal +14% / Positive outlook
Wessling, February 7, 2024 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved strong earnings in the final quarter, resulting in new record figures for 2023. EPS growth was +17% p.a. over the two years 2022/23, exactly matching the original +14-20% guidance from 2021.
According to preliminary figures, sales came in at approx. EUR 322 mln, just slightly above previous year’s EUR 320.48 mln, as expected, with a contribution of EUR 104.5 mln / +7.5% from Software and EUR 217.5 mln / -0% from the VAR Business. Gross profit climbed disproportionately to approx. EUR 168.5 mln (PY: 161.14 / +4.6%), with EUR 95 mln / +9% from Software and EUR 73.5 mln / -0% from the VAR Business.
Operating profit EBIT increased to approx. EUR 46.8 mln (PY: 42.63 / +10%), with EUR 28.4 mln / +13% from Software and EUR 18.4 mln / +5% from VAR Business. EBIT margin rose to 14.5% (PY: 13.3%). Through strict cost discipline, consistently higher quarterly EBITs were achieved despite inflation, even compared to the record Q4 in the previous year.
Net profit after minority shares grew by +11% to approx. EUR 28.8 mln (PY: 26.01), or 172 Cents (PY: 155) per share. Compared to the 126 Cents per share from 2021, growth was +36.5% or +17% per year.
Operating cash flows jumped by more than a quarter to a new record amount of approx. EUR 50 mln (PY: 39.05) or 300 Cents/share (PY: 233).
CFO Markus Pech and Chairman Adi Drotleff are completely satisfied with the 2023 financial year, especially given the harsh environment, and plan to submit to the general meeting a dividend proposal of 160 Cents (PY: 140 / +14%), i.e. in the middle of the guidance range.
They also give a positive outlook, expecting an increase of +10-20% to 189-206 Cents in EPS and an increase in the dividend of +20-30 Cents to 180-190 Cents in 2024. For 2025, M+M management is targeting EPS growth of +12-25% and +25-35 Cents more in dividends.
Guidance exactly matched: EPS 2022/23 +17% p.a.
- New record year with very high cash flows
- Dividend proposal +14% / Positive outlook
Wessling, February 7, 2024 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved strong earnings in the final quarter, resulting in new record figures for 2023. EPS growth was +17% p.a. over the two years 2022/23, exactly matching the original +14-20% guidance from 2021.
According to preliminary figures, sales came in at approx. EUR 322 mln, just slightly above previous year’s EUR 320.48 mln, as expected, with a contribution of EUR 104.5 mln / +7.5% from Software and EUR 217.5 mln / -0% from the VAR Business. Gross profit climbed disproportionately to approx. EUR 168.5 mln (PY: 161.14 / +4.6%), with EUR 95 mln / +9% from Software and EUR 73.5 mln / -0% from the VAR Business.
Operating profit EBIT increased to approx. EUR 46.8 mln (PY: 42.63 / +10%), with EUR 28.4 mln / +13% from Software and EUR 18.4 mln / +5% from VAR Business. EBIT margin rose to 14.5% (PY: 13.3%). Through strict cost discipline, consistently higher quarterly EBITs were achieved despite inflation, even compared to the record Q4 in the previous year.
Net profit after minority shares grew by +11% to approx. EUR 28.8 mln (PY: 26.01), or 172 Cents (PY: 155) per share. Compared to the 126 Cents per share from 2021, growth was +36.5% or +17% per year.
Operating cash flows jumped by more than a quarter to a new record amount of approx. EUR 50 mln (PY: 39.05) or 300 Cents/share (PY: 233).
CFO Markus Pech and Chairman Adi Drotleff are completely satisfied with the 2023 financial year, especially given the harsh environment, and plan to submit to the general meeting a dividend proposal of 160 Cents (PY: 140 / +14%), i.e. in the middle of the guidance range.
They also give a positive outlook, expecting an increase of +10-20% to 189-206 Cents in EPS and an increase in the dividend of +20-30 Cents to 180-190 Cents in 2024. For 2025, M+M management is targeting EPS growth of +12-25% and +25-35 Cents more in dividends.
07.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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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 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1831929 |
End of News | EQS News Service |
1831929 07.02.2024 CET/CEST