Nemetschek AG: 9-month figures 2013: Nemetschek continues its profitable growth course

Thu, 31 Oct 2013 07:00:06
DGAP-News: Nemetschek AG: 9-month figures 2013: Nemetschek continues its profitable growth course


Nemetschek AG / Key word(s): Quarter Results

31.10.2013 / 07:00


Corporate News

9-month figures 2013:
Nemetschek continues its profitable growth course

- Group revenues raises 5.1% to EUR 134.2 million

- Above average EBITDA growth of 12.1% to EUR 31.8 million

- High EBITDA margin of 23.7%

- Earnings per share climbs to EUR 1.68 (+24.5%)
 

Munich, October 31, 2013 - The Nemetschek Group (ISIN 0006452907) continued to grow
profitably in the third quarter of 2013.

In total, Group revenues 2013 rose in the first nine months by 5.1% to EUR 134.2 million (prior year: EUR 127.7 million). The result before interest, taxes and depreciation (EBITDA)
increased by 12.1%, faster than revenues, and stood on September 30, 2013, at EUR 31.8 million (prior year: EUR 28.4 million). The EBITDA margin climbed correspondingly to 23.7% (prior year:
22.2%). The positive development in results is also reflected in the net income, which stood at EUR 16.2 million, 24,5% higher than last year (prior year: EUR 13.0 million). Earnings per share improved to EUR 1.68, after EUR 1.35 in the prior year.

Our core markets in the DACH region developed positively, and the international markets picked up, too. While our domestic revenues rose 5.9%, we recorded growth of 4.6% in our international markets. Major growth regions were amongst others Asia and North and South America.

Revenues from maintenance contracts rose strongly, namely 8.9%. With revenues of EUR 64.4 million (prior year: EUR 59.1 million), the share contributed to total revenue by maintenance increased to 48.0% (prior year: 46.3%). Our revenues from licenses were stable, rising 1.5%. After the first nine months these revenues stood at EUR 62.8 million (prior year: EUR 61.9 million). Hence licenses contribute 46.8% to total revenues (prior year: 48.5%).
 

Business segments and essential information on brands

The Design segment recorded solid revenue growth of 3.9%. EBITDA increased by 14.9%.

The segment Build continued to grow with revenues 6.6% higher and an EBITDA margin of 34.2 %.

The segment Manage developed very positively: Revenue growth was 21.2%, while EBITDA more than doubled.

In the Multimedia segment the revenues rose 11.4%. EBITDA margin was kept at a high level of 39.4%.

- Allplan developed stably.

The new management team was reinforced and completed by the appointment of Dr. Jörg Rahmer as at October 21, 2013.

The management team concentrates on corporate growth, also internationally. Its focus includes: planning and continued development of release and service portfolios for the next few years, strengthening of agile processes in development, integration of 'Software as a Service' packages (SaaS) such as e.g. Nevaris and bim+ in Allplan solutions and stronger international positioning.

The new version of the architecture and engineering solution Allplan 2014 with numerous innovations will be launched in November. Attention has been given to cross-location collaboration across, to 3D modeling and not least to usability and documentation. Plus, Allplan 2014 has a link to the cloud solution bim+.

- bim+, an open cloud-based platform for the same name eleventh brand of the Nemetschek Group, will also go live in November. bim+ is the simplest way to visualize, share and connect building information, enabling all participants in a building process to build faster and better.

- Graphisoft is offering a new release of the leading BIM software ArchiCAD 17 in 26 country-specific versions. Version 17 provides many new functions and possibilities to significantly simplify and accelerate building information modeling at a highly detailed level - from the first draft through to the final detail.

According to the strategy to position itself more strongly in Central and South America, Graphisoft has acquired 100% of the distributor partner in Mexico, Anzix S.A. This new subsidiary in Mexico City serves Graphisoft as the hub for the region.

- Vectorworks, too, is setting standards with the current CAD version Vectorworks 2014. The present convince with 130 improvements such as in BIM management, collaboration, usability, quality, documentation and data exchange.

- Together with other brand companies from the Nemetschek Group, Scia, one of the main sponsors of the 'Inspirations in Engineering' Contest 2013, announced the winner of this worldwide competition. The award winners and more about the 127 projects from 28 countries can be retrieved via the QR code on the last page of our report.

- Maxon has presented to the market the next generation of its visualization software with the CINEMA 4D Release 15. With significant improvements in modeling, word processing, rendering and sculpting, the new release defines anew the 3D workflow for motion graphics, visual effects and visualizations. Hence this sees Maxon again consolidating its position among the leaders in its industry. The company has been setting standards for creative working for more than 25 years. The cooperation of Maxon with the software company Adobe is progressing well.
 

Outlook

Our present set of figures shows: The Nemetschek Group is well on the way to achieving the
targets set for the year as a whole. We see the market environment continuing to be solid and reaffirm our prospects of achieving a revenue growth of around 6% and an EBITDA margin
between 22 and 24%.
 

Consolidated Statement of Comprehensive Income

In EUR million Q3 2013 Q3 2012 Δ in % 9M 2013 9M 2012 Δ in %
Revenues 45.8 43.3 +5.8% 134.2 127.7 +5.1%
of which software and licenses 21.6 20.9 +3.0% 62.8 61.9 +1.5%
of which maintenance contracts 22.1 20.3 +9.0% 64.4 59.1 +8.9%
EBITDA 11.4 10.2 +12.0% 31.8 28.4 +12.1%
Margin 25.0% 23.6%   23.7% 22.2%  
Net income (Group shares) 6.1 4.7 30.3% 16.2 13.0 +24.5%
Earnings per share 0.64 0.49 30.3% 1.68 1.35 +24.5%
 

Development of business segments

In EUR million 9M 2013 9M 2012 Δ in %
Design      
Revenues 107.3 103.3 +3.9%
EBITDA 22.4 19.5 +14.9%
Margin 20.9% 18.9%  
Build      
Revenues 11.3 10.6 +6.6%
EBITDA 3.9 3.8 +1.3%
Margin 34.2% 36.0%  
Manage      
Revenues 3.7 3.0 +21.2%
EBITDA 0.8 0.4 +114.5%
Margin 21.5% 12.2%  
Multimedia      
Revenues 12.0 10.7 +11.4%
EBITDA 4.7 4.6 +1.5%
Margin 39.4% 43.2%  
 

The complete 9-month report 2013 is available at the internet pages of the company at http://ir.nemetschek.com/websites/nemetschek_ir/English/3010/financial-reports.html and ready for downloading.
 

For further information on the company please contact

Nemetschek AG

Stefanie Zimmermann
Investor Relations
+49 89 92793 1229
szimmermann@nemetschek.com

About Nemetschek AG:
Nemetschek is a globally leading software provider for the architecture, engineering, construction and operation market (AECO). Headquartered in Munich, Germany, with its 11 brands it today serves more than 800,000 users in 142 countries from 40 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the Group focuses on innovations such as Open Building Information Modeling for the AECO market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, Nemetschek achieved 2012 revenues of EUR 175 million and an EBITDA of EUR 41 million.



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236954  31.10.2013