Mensch und Maschine Software SE Presents 9M 2022 Report

ByLance T. Lee

Oct 20, 2022

[ad_1]

EQS-News: Mensch und Maschine Software SE / Key word(s): Figures over 9 months

Mensch und Maschine Software SE Presents 9M 2022 Report

20.10.2022 / 09:02 CET/EST
The issuer is solely responsible for the content of this announcement.

M+M remains unfazed on the record track
– Sales +18% / EBIT +26% / Net income +29%
– Guidance for 2022 improved, 2023 objective confirmed

Wessling, October 20, 2022 – Mensch und Maschine Software SE (MUM – ISIN DE0006580806), a CAD/CAM/BIM company, remained unfazed on the record track in the third quarter, achieving the highest figures of 9 million of the company’s history.

The growth drivers were strong new business for M+M Software, as well as strong renewal business in the VAR segment.

Sales over nine months amounted to 228.25 million euros (previous year: 193.99 / +18%), of which 72.59 million euros (previous year: 60.86 / +19%) M+M Software and 155.66 million euros (previous year: 133.13 / +17%) from the company VAR.

Operating profit EBIT increased to EUR 30.34 million (previous year: 24.09 / +26%), of which EUR 18.85 million (previous year: 15.14 / +24.5% ) from M+M Software and 11.49 million euros (previous year: 8.94 / +28.5%) from the company VAR.

Net profit after minority interests increased by up to +29% to 18.69 million (previous year: 14.48), or 111 cents (previous year: 86) per share.

Cash flow from operations again reached a record high at 34.44 million euros (prior year: 30.11) or 205 cents (prior year: 178) per share.

After a buoyant first nine months, CFO Markus Pech is improving full-year 2022 guidance, now expecting a “net profit increase of +15-23% to 145-155 cents per share and a dividend of 135-140 cents against 120 cents the previous year. From today’s perspective, results even at the upper end of these ranges seem achievable.

For 2023, the net profit target remains at 164-181 cents/share, which, compared to the 126 cents reached in 2021, represents a bandwidth of +14-20% per year, as in the initial forecast on 2 years, but probably with a slightly more pronounced increase. in 2022, followed by a slightly slower stage in 2023.

20.10.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

EQS distribution services include regulatory announcements, financial/corporate news and press releases.
Archives on www.eqs-news.com

[ad_2]
Source link