MENSCH UND MASCHINE SOFTWARE SE (FRA:MUM) EQS-News: Mensch und Maschine Software SE discloses preliminary results 2022

Transparency directive : regulatory news

09/02/2023 09:01

EQS-News: Mensch und Maschine Software SE / Key word(s): Preliminary Results
Mensch und Maschine Software SE discloses preliminary results 2022

09.02.2023 / 09:01 CET/CEST
The issuer is solely responsible for the content of this announcement.

Record year at the upper end of target corridors
- Sales +20% / EBIT +23% / Net profit +22%
- Dividend proposal 140 Cents / 2023 guidance confirmed

Wessling, February 9, 2023 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, reached the upper end of the increased guidance and new record figures in 2022. Growth drivers were new business for M+M Software and renewal business in the VAR segment, in Q4 additionally driven by the end of discount for Autodesk 3YR contracts in January.

According to preliminary figures for 2022, group sales increased to approx. EUR 320 mln (PY: 266.16 / +20%). Gross profit climbed to approx. EUR 161 mln (PY: 138.42 / +16%), with approx. EUR 87.5 mln (PY: 76.13 / +15%) from M+M Software and approx. EUR 73.5 mln (PY: 62.29 / +18%) from the VAR Business.

Operating profit EBIT rose to approx. EUR 42.6 mln (PY: 34.69 / +23%), with approx. EUR 25.1 mln (PY: 21.36 / +18%) from M+M Software and approx. EUR 17.5 mln (PY: 13.33 / +31%) from VAR Business. Net profit after minority shares grew by +22% to approx. 26 mln (PY: 21.31), or 155 Cents (PY: 126) per share. Operating cash flows amounted to c. EUR 38.7 mln (PY: 36.91) or 231 Cents (PY: 218) per share.

During the past 8 years since 2014, M+M increased sales and gross profit by an average 11% and 10% per year, respectively. As operating expenses only grew by c. 7% annually, EBIT and net profit were disproportionately increased by a sound 26% per year.

Chairman Adi Drotleff and CFO Markus Pech are completely satisfied with the 2022 financials and are already committing to a dividend proposal of 140 cents (PY: 120), also at the upper end of the forecast range.

Markus Pech additionally gives an outlook for the current year 2023: “We continue to expect an increase in net profit to 164-181 Cents/share. This means that we keep the original +14-20% p.a. forecast for 2022/23, resulting in a total +30-44% compared to the 126 Cents achieved in 2021.”

Remark:
The final audited 2022 figures, which will be disclosed in the accounts press conference on March 14, 2023, may differ from the preliminary figures.

09.02.2023 CET/CEST Dissemination 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.

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Language:	English
Company:	Mensch und Maschine Software SE
	Argelsrieder Feld 5
	82234 Wessling
	Germany
Phone:	+49 (0)815 3933-0
Fax:	+49 (0)815 3933-100
E-mail:	investor-relations@mum.de
Internet:	www.mum.de
ISIN:	DE0006580806
WKN:	658 080
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID:	1555549


End of News	EQS News Service

1555549 09.02.2023 CET/CEST

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MENSCH UND MASCHINE SOFTWARE SE (FRA:MUM) EQS-News: Mensch und Maschine Software SE discloses preliminary results 2022

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