Nemetschek AG: Nemetschek adjusts forecast for 2008

Thu, 04 Dec 2008 13:02:24
DGAP-Ad-hoc: Nemetschek AG: Nemetschek adjusts forecast for 2008


Nemetschek AG / Change in Forecast

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.

- Significant drop in revenues in November
- Revenues for 2008 likely to be at last year’s level - EBITDA margin of around 20 percent expected

Munich, December 14, 2008 – The effects of the worldwide economic slowdown are now being felt for the first time by the Nemetschek Group (ISIN 0006452907). In November, Europe’s leading vendor of information technology for the design, construction and management of buildings recorded a significant first-time drop in revenues – following uninterrupted growth up to and including October. International sales, in particular, were slow in November while revenues in Germany were largely stable. Under these circumstances, it is likely that the company will no longer be able to maintain the original revenue targets for the year. From today’s perspective, instead of a medium-digit percent increase in revenues, the group expects revenues to be at around last year’s level (146 million euros). Nevertheless, thanks to strict cost discipline, an EBITDA margin of around 20 percent ought to be achieved. In its most recent projection, the company had forecast a margin of more than 20 percent for 2008. The anticipated corporate profit is also likely to be affected by a necessary revaluation of the interest rate swaps following the change in the interest rates landscape. This results in a one-time interest payment of 1.7 million euros, which, however, will not have any effect on the cashflow.


Information and Explaination of the Issuer to this News:
Explanations
'The Nemetschek Group has defied the economic downturn for a long time, thanks also to the trend in German-speaking countries that is still comparatively stable,' says Nemetschek CEO Ernst Homolka. In view of the drop in revenues in November and the economic outlook, which has again worsened drastically, the company, however, now has to assume that end-of-year sales will be slow. Year-of-end sales are traditionally focused on November and December.
Homolka stated that a serious forecast for 2009 was not yet possible in view of the uncertain economic outlook. 'The Nemetschek Group, however, has a firm footing. We have a strong cashflow and are focused on earnings.'
About Nemetschek
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 www.nemetschek.com

Nemetschek AG
Regine Petzsch
Konrad-Zuse-Platz 1 
81829 Munich
Germany
Tel. +49 89 92793-1219
Fax +49 89 92793-5404
rpetzsch@nemetschek.com


04.12.2008  Financial News transmitted by DGAP

 
Language:     English
Issuer:       Nemetschek AG
              Konrad-Zuse-Platz 1
              81829 München
              Deutschland
Phone:        +49 (0)89 92 793-0
Fax:          +49 (0)89 927 93-5200
E-mail:       investorrelations@nemetschek.com
Internet:     www.nemetschek.com
ISIN:         DE0006452907
WKN:          645290
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf  
End of News DGAP News-Service