Nemetschek AG: Nemetschek shows continuity of results in the 1st half year

Wed, 25 Jul 2012 07:00:24
DGAP-News: Nemetschek AG: Nemetschek shows continuity of results in the 1st half year


Nemetschek AG / Key word(s): Half Year Results

25.07.2012 / 07:00


Corporate News

Nemetschek shows continuity of results in the 1st half year

- Group revenue rises 7 percent to EUR 84.4 million

- Allplan subsidiary faces restructuring

Munich, July 25, 2012 - Nemetschek AG (ISIN 0006452907), a leading global software provider for the architecture, engineering and construction market (AEC), today published its interim report on the first half year 2012.

Group revenue climbed according to this by 7 percent to Euro 84.4 million, whereby the foreign revenues and the revenue share from software service contracts increased over-proportionally. The result before interest, taxes and depreciation (EBITDA) of EUR 18.2 million was at the prior year level. Growth of the Group was especially positive in the Asian markets.

'We can basically observe a solid first half year. However, our largest subsidiary - Nemetschek Allplan, which was below budget, impacted this development negatively', commented Tanja Tamara Dreilich, Chief Financial Officer of Nemetschek AG, on the results. 'Therefore, the managing board decided on an extensive new orientation of Allplan. During the third quarter we will comment in detail on the planned steps.'

The reasons for the recent unsatisfactory corporate development for Allplan are, on the one hand, the negative development of the construction industry in parts of Europe. This had an impact on the revenue growth of Allplan. On the other hand, the generation of new revenues was more labour intensive which burdened the earnings situation of Allplan.

With effect from July 1, 2012 a change in the management of Nemetschek Allplan was already made in this context. With Sven Larsen and Ales Siroky the new orientation is now being managed by an experienced executive team. 'In the next few weeks we will work out a concept for the new orientation together with the new management of Allplan', explains Dreilich. 'The goal is to lead Allplan to new profitability and strong growth.'

The complete report on company development in the first half year can be found on the internet pages of the company at http://www.nemetschek.com/home/investor_relations/publikationen.html ready for downloading.

For further information on the company please contact

Nemetschek AG

Ingo Middelmenne
Head of Investor Relations
+49 89 92793 1216

imiddelmenne@nemetschek.com

About Nemetschek AG:
Nemetschek is a leading global software provider for the architecture, engineering and construction market (AEC). Headquartered in Munich, Germany, it serves with its 10 brands more than 300,000 customers in 142 countries from 40 locations worldwide. Founded in 1963 by Prof. Georg Nemetschek, the group focuses on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly listed since 1999, Nemetschek achieved revenues in 2011 of EUR 164 million.

Consolidated statement of comprehensive income

In millions of Euro H1 2011 H1 2012 % change
Revenues 79.1 84.4 +7%
of which software and licenses 38.5 41.0 +7%
of which service contracts 36.5 38.8 +7%
EBITDA 18.3 18.2 -1%
Margin 23% 22%  
Net income (Group shares) 9.0 8.3 -8%
Earnings per share 0.94 0.86  

 

Development of business segments

In millions of Euro H1 2011 H1 2012 % change
Design      
Revenues 63.3 68.3 +8%
EBITDA 12.2 12.2 +0%
Margin 19% 18%  
Build      
Revenues 7.0 7.0 +0%
EBITDA 2.4 2.5 +3%
Margin 34% 35%  
Manage      
Revenues 1.8 2.0 +14%
EBITDA 0.1 0.2 +118%
Margin 6% 12%  
Multimedia      
Revenues 7.0 7.1 +2%
EBITDA 3.6 3.2 -10%
Margin 51% 45%  


End of Corporate News


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178982  25.07.2012