Nemetschek AG / Key word(s): Half Year Results
Nemetschek shows good and stable profitability in the first half of 2013
- Group revenue rises 5 percent to EUR 88.5 million
- Good EBITDA growth of 12 percent to EUR 20.4 million
- EBITDA margin climbs to 23.0 percent
- Earnings per share climbs to EUR 1.04 (+21 percent)
Munich, July 31, 2013 - Nemetschek AG (ISIN 0006452907), a leading global software provider for the architecture, engineering and construction market (AEC), continues its solid development from the first quarter into the second quarter 2013.
Overall, group revenues climbed by 5 percent in the first half year 2013 to EUR 88.5 million. Earnings before interest, tax and depreciation (EBITDA) rose over-proportionally to revenues and amounted to EUR 20.4 million, an increase of 12 percent compared to the prior year. This represents an operating margin of 23.0 percent. The positive development in earnings is reflected in net income for the year. The earnings per share rose to EUR 1.04 from EUR 0.86 in the prior year, an increase of 21 percent.
The strong market position of the Group in its core markets once again proved to be a strong basis. In particular the DACH region, but also the US markets, showed stable growth. Approximately 60 percent of revenues originate from international markets.
The revenues from maintenance contracts were the main contributors to growth. These increased in the first half year by 9.0 percent to EUR 42.3 million (prior year: EUR 38.8 million). The share of revenues from maintenance contracts compared to total revenues has subsequently grown from 46.0 percent to 47.8 percent. The license revenues of EUR 41.3 million were slightly higher than the prior year amount of EUR 41.0 million; a share of overall revenues of 46.6 percent (prior year: 48.5 percent).
Highlights from business segments
Maxon's cooperation with the leading global software group Adobe is developing successfully. In the first step of the new strategic cooperation two new types of Maxon technology, which have been offered since June 17, 2013, have been directly integrated into the new version Adobe After Effects CC. CINEWARE and CINEMA 4D Lite. 'These enable CINEMA 4D scenes to be opened, processed and rendered directly natively in After Effects CC. Users from the motion graphics and visual effects industry benefit from an optimized work flow, shortened render periods and more functionality for the creation of digital media content,' said Tanja Tamara Dreilich, Executive Board of the Nemetschek AG, to the cooperation. Similarly, in June, CINEMA 4D was presented with the Macworld Award for the best 3D and video software.
Our bim+ platform introduced in January 2013 has been improved constantly and was presented for the first time in the USA at the technology conference TechBrunch Disrupt in New York. The cloud based platform makes it possible to import and to save BIM models with common formats in the bim+ Cloud and enables access also via end devices such as iPad or iPhone.
The structural engineering solution Nevaris, presented at the end of last year, was awarded the red dot Award. It impresses with its consistency and process orientation from the construction process through cost budgeting to controlling. 'We are very pleased about this award which has stood for belonging to the best in design and business for many years already', added Dreilich to the internationally recognised design award.
Development of business segments
The complete 6-month report 2013 can be found on the internet pages of the company at http://ir.nemetschek.com/websites/nemetschek_ir/English/3010/financial-reports.html ready for downloading.
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