Thu, 30 Oct 2008 07:40:49
DGAP-Ad-hoc: Nemetschek AG: Nemetschek still growing
Nemetschek AG / Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
- Revenues up by 6% in the first 9 months
- Operating result (EBITDA) up by 7 %
- Period cash flow up by 6 %
Munich, October 30, 2008 – The Nemetschek Group (ISIN 0006452907), a
leading vendor worldwide for information technology for the design,
construction and management of buildings, will publish provisional figures
for the third quarter today.
According to the figures, revenues in the first nine months increased by 6%
to 109.0 million euros. Adjusted to take currency fluctuations against the
US Dollar into account growth would have been 7,5%. The Design segment
accounted for the largest revenue contribution with an increase in revenues
of 6.5% at 90.2 million euros. Compared with the same period in the
previous year, sales abroad increased by 4.7% to 67.7 million euros and
thus accounted for roundabout two thirds on the group’s overall sales.
Year-on-year revenues increased by almost 8 % to 35.6 million euros in the
third quarter of 2008.
EBITDA up by 7 percent
The operating result (EBITDA) increased by 7% to 22.7 million euros in the
first nine months, compared with 21.2 million euros in the same period of
the previous year. This corresponds to an EBITDA margin of 20.8%, compared
with 20.6% in the same period of the previous year. Year-on-year, EBITDA
improved from 7.3 million to 7.5 million euros. The EBITDA margin in the
third quarter is thus at 20.3%. The earnings per share for the first nine
months of 2008 amount to 0.93 euros.
Sustained high period cash flow
In the first nine months of 2008, the group achieved a period cash flow of
20.5 million euros, up from 19.4 million euros in the same period in 2007.
The cash flow from operating activities amounts to 22.8 million euros, up
from 19.3 million euros in the first nine months of 2007.
The concrete effects of the looming economic crisis are currently difficult
to assess. Based on the available figures and its experience to date, the
company management currently assumes that it can, in principle, maintain
the goals for the current business year. Nemetschek AG expects to achieve
medium single-digit revenue growth with a stable EBITDA margin of more than
The Q3 report for the period to September 30, 2008 will be published on
Information and Explaination of the Issuer to this News:
Owing to its robust business model and the successful first nine months,
Nemetschek AG stands by its plans for 2008. The company has a broad
customer base and generates around 35% of its revenues from perennial
software maintenance contracts, primarily in Europe. Furthermore, the
company’s software solutions lead to a significant increase in efficiency
among its customers. This is exactly what is called for in times of crisis.
'With this in mind we are cautiously optimistic,' says Ernst Homolka, CEO
of Nemetschek AG. 'In view of the enormous uncertainty on the markets,
concrete forecasts are more difficult than ever.'
The Nemetschek Group is a leading international IT company in the AEC
sector (Architecture, Engineering, Construction).
The technology group develops integrated solutions for the complete life
cycle of buildings and real estate – from building design and construction
through to facility management. The company’s products are currently used
by more than 270,000 companies in 142 countries and in 16 languages to
optimize the complete building creation and management process in terms of
quality, cost and time. Nemetschek was founded in 1963 by Prof. Nemetschek
and has more than 1,100 employees worldwide. In fiscal 2007 the group
achieved sales of 146 million euros. For more information, see
Head of Corporate Communications and Investor Relations
Tel. +49 89 92793-1219
Fax +49 89 92793-4219
30.10.2008 Financial News transmitted by DGAP
Issuer: Nemetschek AG
Phone: +49 (0)89 92 793-0
Fax: +49 (0)89 927 93-5200
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, Hamburg, München, Berlin, Stuttgart
End of News DGAP News-Service