Earnings Release • Apr 30, 2014
Earnings Release
Open in ViewerOpens in native device viewer
QUARTERLY STATEMENT AS OF MARCH 31 2 0 1 4
Patrik Heider, CFOO and Spokesman of the Executive Board
Dear shareholders, ladies and gentlemen,
The Nemetschek Group had a successful start to the new fiscal year 2014 and was able to continue its growth course, both in terms of revenues and earnings.
Overall, group revenues climbed in the first three months by 16.7% to EUR 51.0 million (previous year: EUR 43.7 million). The earnings before interest, taxes and depreciation (EBITDA) improved above-proportionally compared to revenues. Up by 22.3% EBITDA rose to EUR 13.2 million as at the end of the first quarter 2014 (previous year: EUR 10.8 million). The EBITDA margin rose accordingly to 25.8% (previous year: 24.6%). The above-proportional increase in earnings is reflected in net income for the period: at EUR 7.5 million net income (group share) was 37.2% higher than in the first quarter of the previous year (EUR 5.5 million). Thus, the earnings per share rose to EUR 0.78 from EUR 0.57 in the previous year.
We were able to accelerate our growth and advance our market presence in the international markets. In total, non-domestic revenues climbed by 18.5% to EUR 30.6 million (previous year: EUR 25.9 million). Growth regions included Asia – in particular Japan – and North and Latin America. The strong market position of the Nemetschek Group in the DACH region also had a positive effect on revenue growth. Domestic revenues rose in the first quarter 2014 by 14.0% to EUR 20.3 million (previous year: EUR 17.8 million).
After the software service contracts in particular generated large growth impulses in the previous year, the software license sales again climbed significantly in the first quarter 2014. With a plus of 18.7% we were able to increase the revenues from software licenses to EUR 24.3 million (previous year: EUR 20.5 million). Thus, licenses contribute 47.7% towards total revenues (previous year: 46.9%). The software service contracts thus continued the positive development of the previous year and also grew further in the first quarter 2014. With
a plus of 14.3%, revenues from software services amounted to EUR 23.8 million (previous year: EUR 20.8 million). The proportion of revenues from software services compared to total revenues amounted to 46.6% (previous year: 47.6%). The double-digit growth in both significant areas secures sustainable corporate growth. On the one hand we secure new customers through the licensing business and, on the other hand, we secure ourselves recurring revenues through service contracts
At the end of the first quarter 2014 Nemetschek AG also has an extremely sound net asset structure and financial position. The equity ratio amounted to 62.5% as at March 31, 2014. Furthermore the Nemetschek Group has net liquidity of EUR 67.0 million and thus holds enough liquid reserves to continue further planned growth.
The Design segment contributed the most to the positive start to the year. With growth of 20.6% revenues climbed in the first quarter 2014 to EUR 41.9 million (previous year: EUR 34.7 million). It was possible to significantly increase EBITDA by 40.2% to 10.3 million and thus the EBITDA margin amounted to 24.6% (previous year: 21.1%). Vektorworks and Graphisoft were able to generate growth and expand their market presence in almost all regions. Allplan also developed in the first quarter 2014 according to plan, in particular the software license business was expanded.
In the Build segment revenues of EUR 3.9 million were slightly above the prior year level (EUR 3.8 million). Due to planned investments EBITDA amounted to EUR 0.9 million (previous year: EUR 1.2 million), which represents an EBITDA margin of 22.8%:
In the Manage segment the positive development from the prior year continued with a revenue plus of 16.1%. Revenues rose within the first three months to EUR 1.2 million (previous year: EUR 1.0 million). EBITDA rose slightly to EUR 0.2 million. The EBITDA margin amounted to 17.0% (previous year: 19.5%).
The Multimedia segment demonstrated stable development. The slight decline in revenues in the first quarter 2014 to EUR 4.1 million is, above all, due to the very strong prior year quarter. The EBITDA margin remained high at 44.2%.
Our positive start to the year confirms that we are on target to achieve the objectives set for the whole year 2014. We continue to view the market environment as solid and firmly maintain our objective of achieving revenues ranging from EUR 207 to 212 million (increase of 11% to 14%). We expect an EBITDA margin of between 23% and 25%.
Finally, I would like to draw your attention to our annual general meeting on May 20, 2014 in Munich. We would be pleased to welcome many of you personally there.
Thank you for your trust!
Yours sincerely,
Patrik Heider
The international capital markets have been subject to strong fluctuations since the beginning of 2014 which were particularly caused by the political tension between Russia and the western world. The growth problems of several emerging countries and in China created uncertainty in the share markets. The economic development in the euro region continues, according to the experts, to head upwards. Although some mood indicators showed a slight downturn due to the political unrest, overall the economy generally remained unaffected by this. Industry experts expect further economic recovery in the coming months.
After several upward and downward trends the principal index, DAX, closed the first quarter of 2014 almost at its level on December 31, 2013, whereas the TecDAX climbed by 7.3%.
Nemetschek share develops better than TecDAX
The Nemetschek share price has risen significantly since the start of the year. The increase at the end of March 2014 was particularly due to the positive reporting on the fiscal year 2013 and the forecasts for the current fiscal year 2014. In total the Nemetschek share price has risen by 19.2 percent to EUR 60.00 as at March 31, 2014. The market capitalization of the Nemetschek AG share rose accordingly to around EUR 578 million.
DEVELOPMENT OF THE NEMETSCHEK SHARE AS WELL AS OF THE TECDAX AND DAX INDEXED
Nemetschek Aktiengesellschaft's share capital as of March 31, 2014 was unchanged at EUR 9,625,000.00 and was divided into 9,625,000 no-par value bearer shares.
In total the free float amounted to 46.43 percent at the end of the first quarter 2014.
* Direct shareholdings as of March 31, 2014
The annual general meeting of the Nemetschek AG will be held in Munich on May 20, 2014. The agenda for the annual general meeting was published in the Federal Gazette on April 8, 2014 and is accessible in addition to all the other documents for the annual general meeting on the internet page of the Nemetschek AG. The points on the agenda include inter alia the distribution of dividends. For the fiscal year 2013 the supervisory board and the executive board propose a dividend in the amount of EUR 1.30 per share. On approval, this will be paid out to the shareholders one day after the annual general meeting.
Since March 1, 2014 the executive board team has been complete with Patrik Heider. As CFOO (Chief Financial & Operations Officer) and spokesman for the executive board he, together with Sean Flaherty and Viktor Várkonyi, who were appointed to the executive board on November 1, 2013, form the new executive board team.
Dr. Tobias Wagner ended his interim executive board function as planned at the end of March 2014.
| in million € | March 31, 2014 | March 31, 2013 | Change | |
|---|---|---|---|---|
| Revenues | 51.0 | 43.7 | 16.7% | |
| EBITDA | 13.2 | 10.8 | 22.3% | |
| as % of revenue | 25.8 % | 24.6 % | ||
| EBITA | 12.0 | 9.7 | 23.5% | |
| as % of revenue | 23.6 % | 22.3 % | ||
| EBIT | 11.0 | 8.2 | 35.0% | |
| as % of revenue | 21.6 % | 18.2 % | ||
| Net income (group shares) | 7.5 | 5.5 | 37.2% | |
| per share in € | 0.78 | 0.57 | ||
| Net income (group shares) before depreciation of PPA** |
8.4 | 6.9 | 22.2% | |
| per share in € | 0.87 | 0.71 | ||
| Cash flow from operating activities | 20.1 | 13.7 | 46.7% | |
| Free cash flow | 19.1 | 12.4 | 54.2% | |
| Net liquidity* | 67.0 | 48.6 | 38.0% | |
| Equity ratio* | 62.5% | 66.2% | ||
| Headcount as of balance sheet date | 1,361 | 1,241 | 9.7% |
* Presentation of previous year as of December 31, 2013
** Purchase Price Allocation
The Nemetschek Group increased revenue in the first three months by 16.7% to EUR 51.0 million (previous year: EUR 43.7 million). EBITDA amounted to EUR 13.2 million (previous year: EUR 10.8 million) which represents an operative margin of 25.8% (previous year: 24.6%). Net income for the year (group share) amounted to EUR 7.5 million (previous year: EUR 5.5 million). The Nemetschek Group generated an operating cash flow of EUR 20.1 million (previous year: EUR 13.7 million).
Revenues from software licenses climbed by 18.7 percent
The Nemetschek Group increased revenue from software licenses in the first three months by 18.7% to EUR 24.3 million (previous year: EUR 20.5 million). Additionally the revenues from software service contracts were increased by 14.3% to EUR 23.8 million (previous year: EUR 20.8 million). The share of revenues from licenses compared to total revenues has grown from 46.9% to 47.7%. The strongest growth impulse came from abroad. In the non-domestic markets the Nemetschek Group achieved revenues amounting to EUR 30.6 million (previous year: EUR 25.9 million). The share of revenues from overseas amounted to 60.1% of revenues compared with 59.2% in the previous year. The share of revenues in Germany rose by 14.0% to EUR 20.3 million (previous year: EUR 17.8 million).
In the Design segment the Group generated revenue growth of 20.6% to EUR 41.9 million (previous year: EUR 34.7 million). The EBITDA increased to EUR 10.3 million (previous year: EUR 7.3 million). This is equivalent to an operating margin of 24.6% after 21.1% in the previous year. In the Build segment revenues were slightly above the prior year at EUR 3.9 million. The EBITDA margin amounted to 22.8%. The Manage segment continued the positive development from the prior year and increased revenues by 16.1% to EUR 1.2 million, whereby the EBITDA margin was at 17.0%. The Multimedia segment showed stable development. With revenues of EUR 4.1 million the EBITDA margin was at 44.2%.
The operating expenses rose by 11.0% from EUR 36.8 million to EUR 40.9 million. Material expenses decreased by EUR 0.1 million to EUR 2.0 million. Personnel expenses increased by 14.5% from EUR 19.2 million to EUR 22.0 million. Other operating expenses rose 14.1% from EUR 13.0 million to EUR 14.8 million.
Earnings per share up by 37.2 percent to EUR 0.78 The tax rate of the Group increased to 29.1% (previous year: 27.6%). The net income for the year (Group shares) amounted to EUR 7.5 million and thus exceeded the prior year amount of EUR 5.5 million by 37.2%. The earnings per share were thus EUR 0.78 (previous year: EUR 0.57).
The Nemetschek Group generated an operating cash flow in the first three months of the year 2014 amounting to EUR 20.1 million (previous year: EUR 13.7 million). The increase is mainly due to higher revenues from software service contracts and the deferred revenues involved. The cash flow from investing activities of EUR –1.0 million was slightly below the prior year level (EUR –1.3 million). This includes a retrospective purchase price payment amounting to EUR 0.2 million for Data Design System ASA (DDS Group) in Norway acquired as at November 30, 2013. The amount resulted from changes in net working capital and in net debt between the time of acquisition and the threshold amounts agreed in the purchase contract. The cash flow from financing activities of EUR –0.4 million (previous year: EUR –0.4 million) includes net interest payments for interest rate hedge.
At the quarter end the Nemetschek Group held liquid funds of EUR 67.0 million (December 31, 2013: EUR 48.6 million).
Mainly due to this increase in liquidity the current assets increased to EUR 102.7 million (December 31, 2013: EUR 79.6 million). The non-current assets reduced, primarily as a result of scheduled amortization on assets from the purchase price allocation, to EUR 96.8 million (December 31, 2013: EUR 98.9 million).
The deferred revenues increased by EUR 15.7 million to EUR 39.2 million in line with software service contracts invoiced. The balance sheet total was EUR 199.4 million as of March 31, 2014 (December 31, 2013: EUR 178.5 million). Equity amounted to EUR 124.7 million (December 31, 2013: EUR 118.2 million), thus the equity ratio amounted to 62.5% after 66.2% as of December 31, 2013.
Against the background of the current liquidity position the Nemetschek Group has a solid basis for the proposed dividend distribution of EUR 12.5 million (previous year: EUR 11.1 million). This represents EUR 1.30 per share (previous year: EUR 1.15 per share) and will be presented to the annual general meeting on May 20, 2014 for approval.
There were no significant events after the end of the interim reporting period.
At the reporting date March 31, 2014, the Nemetschek Group employed 1,361 staff (March 31, 2013: 1,241). The increase mainly results from the acquisition of Data Design System (DDS Group), Norway, as at November 30, 2013 (81 employees) and is the result of the recruitment planned in several group companies.
There are no significant changes compared to the information provided in the consolidated financial statements as of December 31, 2013.
With regard to the material opportunities and risks for the prospective development of the Nemetschek Group we refer to the opportunities and risks described in the group management report for the year ended December 31, 2013. In the interim period there have been no material changes.
The development in the first three months confirms the expectations for the fiscal year 2014. Therefore, Nemetschek firmly maintains its objective of achieving revenues ranging from EUR 207 to 212 million (increase of 11% to 14%). The EBITDA margin is expected between 23% and 25%.
The interim financial statements of the Nemetschek Group have been prepared in accordance with the International Financial Reporting Standards (IFRS), as required to be applied in the European Union, and the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) and of the Standing Interpretations Committee (SIC). These interim financial statements were prepared in agreement with the requirements of IAS 34.
The interim financial statements as of March 31, 2014 have not been audited and have not undergone an audit review. The same accounting policies and calculation methods are applied to the interim financial statements as to the consolidated financial statements dated December 31, 2013. Significant changes to the consolidated statement of financial position, the consolidated statement of comprehensive income and the consolidated cash flow statement are detailed in the report on the earnings, financial and asset situation.
Equity ratio at 62.5 percent
Forecast for the fiscal year 2014
confirmed
In the fiscal year 2013 it was ascertained that the other intangible assets and goodwill purchased, as part of the Graphisoft acquisition as at December 31, 2006, were recorded in Euro currency and appropriately carried forward in subsequent years. IAS 21.47, however, requires accounting in the functional currency of the foreign business. This leads to the following adjustments in the interim financial statements as at March 31, 2014. The effects of the retrospective recording of the foreign currency differences on the opening balance sheet amounts as at January 1, 2013 are disclosed in equity.
The changes in the consolidated statement of comprehensive income are as follows:
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
| March 31, 2014 | ||||
|---|---|---|---|---|
| Thousands of € | before adjustment | Correction of prior periods |
after adjustment | |
| Operating expenses | –37,040 | 204 | –36,836 | |
| Depreciation of property, plant and equipment and amortization of intangible assets |
– 2,786 | 204 | – 2,582 | |
| thereof amorization of intangible assets due to purchase price allocation |
– 1,762 | 204 | – 1,559 | |
| Earnings before taxes | 7,984 | 204 | 8,187 | |
| Income taxes | – 2,237 | – 21 | – 2,258 | |
| Net income for the year | 5,747 | 182 | 5,929 | |
| Other comprehensive income: | ||||
| Difference from currency translation | – 224 | – 246 | – 470 | |
| Subtotal of items of other comprehensive income that will be reclassified to profit or loss in future periods |
–224 | –246 | –470 | |
| Net income for the year attributable to: | 5,747 | 182 | 5,929 | |
| thereof equity holders of the parent | 5,301 | 182 | 5,483 | |
| minority interests | 446 | 0 | 446 | |
| Total comprehensive income for the year attributable to: | 5,561 | –64 | 5,497 | |
| thereof equity holders of the parent | 5,093 | – 64 | 5,029 | |
| minority interests | 468 | 0 | 468 | |
| Earnings per share in € | 0.55 | 0.02 | 0.57 |
The scope of companies consolidated is the same as at December 31, 2013.
Munich, April 2014
Patrik Heider Sean Flaherty Viktor Várkonyi
As the result of rounding it is possible that the individual figures in this quarterly report do not exactly add up to the totals given and that the percentage disclosures do not reflect the absolute values from which they are derived.
for the period from January 1 to March 31, 2014 and 2013
STATEMENT OF COMPREHENSIVE INCOME
| Thousands of € | 1st Quarter 2014 | 1st Quarter 2013 |
|---|---|---|
| Revenues | 50,987 | 43,701 |
| Own work capitalized | 0 | 395 |
| Other operating income | 950 | 916 |
| Operating Income | 51,937 | 45,012 |
| Cost of materials / cost of purchased services | – 1,991 | – 2,077 |
| Personnel expenses | – 21,979 | – 19,200 |
| Depreciation of property, plant and equipment and amortization of intangible assets |
– 2,120 | – 2,582 |
| thereof amortization of intangible assets due to purchase price allocation | – 988 | – 1,559 |
| Other operating expenses | – 14,811 | – 12,977 |
| Operating expenses | –40,901 | –36,836 |
| Operating results (EBIT) | 11,036 | 8,176 |
| Interest income | 35 | 56 |
| Interest expenses | – 43 | 0 |
| Expenses from associates | 0 | – 45 |
| Earnings before taxes | 11,028 | 8,187 |
| Income taxes | – 3,211 | – 2,258 |
| Net income for the year | 7,817 | 5,929 |
| Other comprehensive income: | ||
| Difference from currency translation | – 1,296 | – 470 |
| Subtotal of items of other comprehensive income that will be reclassified to income in future periods: |
–1,296 | –470 |
| Actuarial gains / losses from pensions and related obligations | 58 | 52 |
| Tax effect | – 16 | – 14 |
| Subtotal of items of other comprehensive income that will not be reclassified to income in future periods: |
42 | 38 |
| Subtotal other comprehensive income | –1,254 | –432 |
| Total comprehensive income for the year | 6,563 | 5,497 |
| Net income for the year attributable to: | ||
| Equity holders of the parent | 7,520 | 5,483 |
| Minority interests | 297 | 446 |
| Net income for the year | 7,817 | 5,929 |
| Total comprehensive income for the year attributable to: | ||
| Equity holders of the parent | 6,259 | 5,029 |
| Minority interests | 304 | 468 |
| Total comprehensive income for the year | 6,563 | 5,497 |
| Earnings per share (undiluted) in euros | 0.78 | 0.57 |
| Earnings per share (diluted) in euros | 0.78 | 0.57 |
| Average number of shares outstanding (undiluted) | 9,625,000 | 9,625,000 |
| Average number of shares outstanding (diluted) | 9,625,000 | 9,625,000 |
STATEMENT OF FINANCIAL POSITION
| ASSETS | Thousands of € | March 31, 2014 | December 31, 2013 |
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalents | 66,987 | 48,553 | |
| Trade receivables, net | 25,517 | 21,889 | |
| Inventories | 789 | 728 | |
| Tax refunded claims for income taxes | 791 | 694 | |
| Current financial assets | 10 | 27 | |
| Other current assets | 8,558 | 7,713 | |
| Current assets, total | 102,652 | 79,604 | |
| Non-current assets | |||
| Property, plant and equipment | 5,302 | 5,332 | |
| Intangible assets | 29,043 | 30,948 | |
| Goodwill | 59,654 | 60,112 | |
| Associates /investments | 164 | 164 | |
| Deferred tax assets | 1,772 | 1,492 | |
| Non-current financial assets | 79 | 79 | |
| Other non-current assets | 752 | 772 | |
| Non-current assets, total | 96,766 | 98,899 | |
| Total assets | 199,418 | 178,503 |
| EQUITY AND LIABILITIES Thousands of € |
March 31, 2014 | December 31, 2013 |
|---|---|---|
| Current liabilities | ||
| Trade payables | 3,845 | 5,248 |
| Provisions and accrued liabilities | 13,689 | 14,823 |
| Deferred revenue | 39,202 | 23,464 |
| Income tax liabilities | 4,758 | 3,327 |
| Current financial obligations | 1,839 | 1,135 |
| Other current liabilities | 5,871 | 5,962 |
| Current liabilities, total | 69,204 | 53,959 |
| Deferred tax liabilities | 4,322 | 4,078 |
| Pensions and related obligations | 1,161 | 1,203 |
| Other non-current liabilities | 3 | 1,098 |
| Non-current liabilities, total | 5,486 | 6,379 |
| Equity | ||
| Subscribed capital | 9,625 | 9,625 |
| Capital reserve | 41,360 | 41,360 |
| Revenue reserve | 52 | 52 |
| Other comprehensive income | – 14,076 | – 12,785 |
| Retained earnings | 85,865 | 78,315 |
| Equity (Group shares) | 122,826 | 116,567 |
| Minority interests | 1,902 | 1,598 |
| Equity, total | 124,728 | 118,165 |
| Total equity and liabilities | 199,418 | 178,503 |
for the period from January 1 to March 31, 2014 and 2013
| Thousands of € | 1st Quarter 2014 | 1st Quarter 2013 |
|---|---|---|
| Profit (before tax) | 11,028 | 7,984 |
| Depreciation and amortization of fixed assets | 2,120 | 2,786 |
| Change in pension provision | 16 | 24 |
| Other non-cash transactions | 260 | 125* |
| Expense from associates | 0 | 45 |
| Losses from disposals of fixed assets | 25 | 5 |
| Cash flow for the period | 13,449 | 10,969 |
| Interest income | – 35 | – 56* |
| Interest expenses | 43 | 0* |
| Change in other provisions and accrued liabilities | – 1,134 | – 1,399 |
| Change in trade receivables | – 3,888 | – 2,261 |
| Change in other assets | – 350 | – 404 |
| Change in trade payables | – 1,403 | – 1,564 |
| Change in other liabilities | 15,117 | 9,780 |
| Interest received | 35 | 21 |
| Income taxes received | 254 | 295 |
| Income taxes paid | – 1,982 | – 1,671 |
| Cash flow from operating activities | 20,106 | 13,710 |
| Capital expenditure | – 807 | – 1,352 |
| Cash received from the disposal of fixed assets | 5 | 36 |
| Cash paid for acquisition of a subsidiary | – 201 | 0 |
| Cash flow from investing activities | –1,003 | –1,316 |
| Minority interests paid | 0 | 0 |
| Interest paid | – 385 | – 388 |
| Cash flow from financing activities | –385 | –388 |
| Changes in cash and cash equivalents | 18,718 | 12,006 |
| Effect of exchange rate differences on cash and cash equivalents |
–284 | –249 |
| Cash and cash equivalents at the beginning of the period | 48,553 | 44,283 |
| Cash and cash equivalents at the end of the period | 66,987 | 56,040 |
* For reasons of comparability the previous year figures were reclassified
for the period from January 1 to March 31, 2014 and 2013
SEGMENT REPORTING
| 2014 | Thousands of € | Total | Elimination | Design | Build | Manage | Multimedia |
|---|---|---|---|---|---|---|---|
| Revenue, external | 50,987 | 41,875 | 3,864 | 1,197 | 4,051 | ||
| Intersegment revenue | 0 | – 193 | 1 | 1 | 2 | 189 | |
| Total revenue | 50,987 | –193 | 41,876 | 3,865 | 1,199 | 4,240 | |
| EBITDA | 13,156 | 10,282 | 880 | 204 | 1,790 | ||
| Depreciation/Amortization | – 2,120 | – 1,826 | – 231 | – 13 | – 50 | ||
| Segment Operating result (EBIT) |
11,036 | 8,456 | 649 | 191 | 1,740 |
| 2013 | Thousands of € | Total | Elimination | Design | Build | Manage | Multimedia |
|---|---|---|---|---|---|---|---|
| Revenue, external | 43,701 | 34,711 | 3,836 | 1,031 | 4,123 | ||
| Intersegment revenue | 0 | – 196 | 1 | 1 | 2 | 192 | |
| Total revenue | 43,701 | –196 | 34,712 | 3,837 | 1,033 | 4,315 | |
| EBITDA | 10,758 | 7,335 | 1,232 | 201 | 1,990 | ||
| Depreciation/Amortization | – 2,582 | – 2,350 | – 166 | – 9 | – 57 | ||
| (EBIT) | Segment Operating result | 8,176 | 4,985 | 1,066 | 192 | 1,933 |
for the period from January 1 to March 31, 2014 and 2013
| Equity attributable to the parent company's shareholders | ||||||||
|---|---|---|---|---|---|---|---|---|
| Thousands of € | Subscribed capital |
Capital reserve |
Revenue reserve |
currency conversion |
Retained earnings |
Total | Minority interests |
Total equity |
| As of January 1, 2013 |
9,625 | 41,360 | 52 | –3,901 | 63,554 | 110,690 | 1,308 | 111,998 |
| Corrections of prior periods |
0 | 0 | 0 | – 7,107 | 1,824 | – 5,283 | 0 | – 5,283 |
| As of January 1, 2013 adjusted |
9,625 | 41,360 | 52 | –11,008 | 65,378 | 105,407 | 1,308 | 106,715 |
| Difference from currency translation |
– 480 | – 480 | 11 | – 469 | ||||
| Actuarial gains/losses from pensions and related obligations |
27 | 27 | 11 | 38 | ||||
| Net income for the year | 5,484 | 5,484 | 446 | 5,930 | ||||
| Total comprehensive income for the year |
0 | 0 | 0 | –480 | 5,511 | 5,031 | 468 | 5,499 |
| Share purchase from minorities |
0 | 0 | 0 | |||||
| Dividend payments minorities |
0 | 0 | 0 | |||||
| Dividend payment | 0 | 0 | 0 | |||||
| As of March 31, 2013 adjusted |
9,625 | 41,360 | 52 | –11,488 | 70,889 | 110,438 | 1,776 | 112,214 |
| As of January 1, 2014 |
9,625 | 41,360 | 52 | –12,785 | 78,315 | 116,567 | 1,598 | 118,165 |
| Difference from currency translation |
– 1,291 | – 1,291 | – 5 | – 1,296 | ||||
| Actuarial gains/losses from pensions and related obligations |
30 | 30 | 12 | 42 | ||||
| Net income for the year | 7,520 | 7,520 | 297 | 7,817 | ||||
| Total comprehensive income for the year |
0 | 0 | 0 | –1,291 | 7,550 | 6,259 | 304 | 6,563 |
| Disposal to minorities | 0 | 0 | 0 | 0 | ||||
| Dividend payments minorities |
0 | 0 | 0 | 0 | ||||
| Dividend payment | 0 | 0 | 0 | |||||
| As of March 31, 2014 |
9,625 | 41,360 | 52 | –14,076 | 85,865 | 122,826 | 1,902 | 124,728 |
| May 20, 2014 | July 31, 2014 |
|---|---|
| Annual General Meeting, Munich |
Publication 2nd Quarter 2014 |
| October 30, 2014 | November 24–26, 2014 |
| Publication 3rd Quarter 2014 |
German Equity Forum Frankfurt / Main |
CONTACT
Nemetschek AG, Munich Investor Relations, Konrad-Zuse-Platz 1, 81829 Munich
Contact: Stefanie Zimmermann, Head of Investor Relations and Corporate Communication Tel.: + 49 89 92793-1229, Fax: +49 89 92793-4229, E-Mail: [email protected]
Graphisoft announced new BIMcloud® solution at exclusive Tokyo Press Event. More about the essential features of a world-class BIM collaboration environment: you will find here.
NEMETSCHEK Aktiengesellschaft Konrad-Zuse-Platz 1 81829 Munich Tel. +49 89 92793-0 Fax +49 89 92793-5200 [email protected] www.nemetschek.com
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.