Tue, 28 Apr 2009 07:23:48
DGAP-Ad-hoc: Nemetschek keeps margin stable
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.
Nemetschek keeps margin stable
Provisional figures for Q1 2009 presented / Revenues of 33.6 million euros
/ EBITDA margin of 21.7 percent / Cash flow for period at 6.8 million euros
Munich, April 28, 2009 - Nemetschek AG (ISIN 0006452907), Europe's largest
vendor of software for architecture, civil engineering and the building
industry, remains clearly profitable even in difficult times. According to
provisional figures, the revenues in comparison to the strong Q1 in the
previous year dropped by 7.9 percent from 36.4 million euros to 33.6
The EBITDA in the first quarter of 2009 amounted to 7.3 million euros after
8.0 million euros in the previous year, which corresponds to an EBITDA
margin of 21.7 percent after 22.0 percent in 2008. The operating profit
(EBIT) amounted to 4.8 million euros after 5.6 million euros in the
previous year; the quarterly surplus amounted to 2.3 million euros after
2.9 million euros. The cash flow for the period increased slightly from 6.3
million euros to 6.8 million euros. The operative cash flow amounted to 9.5
million euros after 12.9 million euros in the previous year - the reason
for this is the increased reduction in liabilities and the slight increase
in receivables compared with December 31, 2008. The equity ratio of
Nemetschek AG is still slightly above 40 percent, the liquid assets amount
to 31.6 million euros. The company's net debt is thus at around 18 million
Outlook for fiscal 2009
With the results at hand for the first quarter the outlook for the year as
a whole has crystallized somewhat. From today's point of view a drop in
revenues of between 5 and 10 percent for the Nemetschek Group over the year
as a whole can be expected. In view of the cost measures that have already
been initiated, however, the managing board expects to be able to maintain
the operative margin (EBITDA margin) in 2009 in the region of 20 percent.
The full report for the first quarter of 2009 will be published on May 8,
2009, as announced.
The worldwide economic downturn is leaving its mark on Nemetschek AG too.
'We have nevertheless set ourselves the goal of keeping the operative
margin largely stable. If the fall in revenues remains on this scale, then
we should be able to achieve this goal,' emphasizes Ernst Homolka, CEO of
Nemetschek AG. He added that the company had reduced costs step by step in
the past months and would continue to follow a policy of strict cost
discipline without endangering the substance of the company.
Furthermore, he added that the large subsidiaries would be launching
important product innovations on the market during the course of the year,
which would address current issues such as building renovation and energy
efficiency. 'If the economic packages launched by various governments lead
to the expected market recovery in the second half of the year, the
Nemetschek Group will clearly benefit'.
The Nemetschek Group is Europe's largest vendor of software for architects,
engineers and the building industry. Worldwide, the group's companies
support their customers with solutions for the complete lifecycle of
buildings. These encompass the entire value chain - from design and
visualization to the actual construction process to usage and occupancy.
The closely interlinked software solutions facilitate interdisciplinary
collaboration among all those involved in the building process and thus
make the process itself more efficient.
Nemetschek products are used by more than 270,000 customers in 142
countries worldwide. The company was founded in 1963 by Prof. Georg
Nemetschek and has more than 1,100 employees worldwide. Nemetschek AG,
which has been listed since 1999, achieved revenues exceeding 150 million
euros in fiscal 2008. For more information, visit www.nemetschek.com.
Head of Investor Relations
Tel. +49 89 92793-1219
28.04.2009 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 Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service