Nemetschek AG / Key word(s): Half Year Results
- Revenue plus of 15.6% to EUR 102.3 million.
- Strong EBITDA growth to EUR 25.6 million (+25.5%)
- Earnings per share significantly above previous year at EUR 1.50 Euro (+38.8%)
Munich, July 31, 2014 - The Nemetschek Group (ISIN 0006452907) increased its revenues in the first half of 2014 by 15.6% to EUR 102.3 million (previous year: EUR 88.5 million). On a quarterly basis, revenues rose to EUR 51.3 million, a growth of 14.6% compared to the previous year's quarter (EUR 44.8 million). Again, there was an above-average increase in earnings from operative activities compared to revenues. With a plus of 25.5%, EBITDA rose to EUR 25.6 million in the first six months of 2014 (previous year: EUR 20.4 million). The EBITDA margin improved by 2 percentage points to 25.0% (previous year: 23.0%). From a quarterly perspective, EBITDA grew in the second quarter to EUR 12.4 million, an increase of 29.2% compared to the previous year's quarter. Net income for the year (Group shares) improved considerably in the first half of 2014: at EUR 14.4 million, it was 38.8% higher than that of the previous year (EUR 10.4 million). Accordingly, the earnings per share rose from EUR 1.08 in the previous year to EUR 1.50. On a quarterly basis, net income for the year (Group shares) rose by 40.7% to EUR 6.9 million, which corresponds to an earnings per share of EUR 0.72.
Increase in revenues at home and abroad at high level
Double-digit growth with software licenses and software service contracts
"The Nemetschek Group continued its successful development in the second quarter and was again able to considerably increase revenues and earnings. In addition to strong business in Germany, the international growth course also continued, for example, in Asia," says Patrik Heider, CFOO and Spokesman of the Executive Board of the Nemetschek Group. "We are very happy that our software licenses are back in growth mode and that we are gaining new customers," adds Heider.
High equity ratio and liquid reserves
Development of the segments
In the Build segment, revenues of EUR 7.1 million were below the previous year's level (EUR 7.5 million). The decline in revenues was mainly as a result of project shifts to the second half of the year. EBITDA reached EUR 1.6 million (previous year: EUR 2.6 million), which corresponds to an EBITDA margin of 22.6% (previous year: 34.0%). The EBITDA margin declined primarily because own work capitalized for the NEVARIS software solution ended. While there were approximately EUR 0.8 million in activations in this segment in the previous year, there have been no activations in 2014.
Revenues in the Manage segment rose by 8.2% to EUR 2.4 million (previous year: EUR 2.2 million). Due to investments, EBITDA was slightly below that of the previous year at EUR 0.3 million, which resulted in an EBITDA margin of 14.4% (previous year: 18.2%).
The Multimedia segment showed a solid revenue growth rate of 5.5%. Revenues in the first half of the year amounted to EUR 8.2 million (previous year: EUR 7.8 million). The EBITDA margin continued to remain high at 41.0% (previous year: 41.9%).
Guidance for 2014 confirmed
Key figures by segment
The complete 6-month report for 2014 is available for download in the Investor Relations section of the company website.
For further information on the company, please contact
About Nemetschek Group
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