Nemetschek AG / Key word(s): Final Results/Forecast
Nemetschek publishes annual report and increases earnings forecast for 2011
Preliminary figures confirmed / Dividend will double / Earnings forecast for 2011 raised slightly
Munich, March 28, 2011: Nemetschek AG (ISIN 0006452907), Europe's largest vendor of software for architecture and the building industry, published its annual report today. As was announced with the preliminary figures, the group managed to increase sales revenues by 10.4 percent to 149.7 million euros in 2010.
As a result, the operating result (EBITDA) increased to the record level of 37.1 million euros (previous year: 30.4 million euros). The EBITDA margin amounted to 24.8 percent, up from 22.4 percent in the previous year. The operating profit (EBIT) increased from 20.9 million euros to 27.5 million euros. At 18.9 million euros (previous year: 12.2 million euros), the net income (consolidated shares) increased significantly. The earnings per share (consolidated shares, basic) are 1.97 euros, up from 1.27 euros in the previous year.
Earnings forecast raised slightly
For the current fiscal year, Nemetschek is planning to increase revenues significantly by around 10 percent to approximately 165 million euros. To achieve this, the group wants to drive forward with its internationalization activities. Furthermore, both the group's subsidiary companies and the Nemetschek holding company have planned substantial investments in 2011 to develop web-capable software solutions and to be able to offer new services over the internet in the future.
In the current annual report the management defines more precisely the forecast that was first announced in the middle of February concerning the expected earnings. With sales revenues at the expected level, Nemetschek will achieve an operating result (EBITDA) of around 40 million euros for the year as a whole. This corresponds to an EBITDA margin of around 24 percent.
After depreciation of tangible fixed assets and amortization of intangible assets (including purchase price allocation) of around 10 million euros the EBIT will presumably amount to around 30 million euros. In view of the falling interest charges, the net income will thus increase to over 20 million euros.
The Nemetschek Group is Europe's leading vendor of software for architecture and construction. The graphical, analytical and commercial solutions cover a large part of the entire value chain in construction - from the planning and visualization of a building and the construction process itself through to building management. The software programs range from CAD solutions for architects and engineers to construction software for cost planning, tenders, awarding of contracts and execution. These are complemented by solutions for facility and real estate management as well as visualization software for architects and the movie industry.
The company was founded in 1963 and employs more than 1,000 people worldwide. Its products are used by more than 300,000 customers in 142 countries worldwide. In 2010, Nemetschek achieved revenues of 150 million euros and an operating result (EBITDA) of 37 million euros.
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