Nemetschek SE

Earnings Release • Nov 11, 2004

News Details

Ad-hoc | 11 November 2004 09:59

Nemetschek reports stable development for sales and earnings

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Nemetschek reports stable development for sales and earnings Operating result and net income at last year’s good level after nine months / Revenue and earnings in third quarter weaker, as expected / Cash flow remains high / Outlook: Sales and earnings to remain at last year’s level Munich, November 11, 2004. The Nemetschek Group, one of the leading vendors of software and consulting services in the design, construction, and management of buildings and real estate, achieved a slight increase in operating result to 3.1 million euros (previous year: 3.0 million euros) in the first nine months of the 2004 fiscal year with sales revenues of 68.4 million euros (previous year: 68.4 million euros). Due to the further deteriorating economic situation in the German construction industry domestic sales fell slightly to 36.3 million euros (previous year: 37.7 million euros) and were below expectations, but foreign business showed an encouraging development, growing to 32.1 million euros (previous year: 30.7 million euros). The proportion of international sales is thus 47 % (previous year: 45 %). The steady development of the operating result in the first nine months of 2004 is also reflected in the net income, which remains at 1.9 million euros, as in the previous year. The earnings per share are therefore also unchanged at 0.20 euros. The earnings per share amounted to 0.45 euros before goodwill amortization (previous year: 0.46 euros). The cash flow from operating activities remains high at 10.0 million euros (previous year: 11.3 million euros). Nemetschek was able to increase its liquid assets by 6.8 million euros to 36.6 million euros (December 31, 2003: 29.8 million euros). The equity ratio is 66 %. (December 31, 2003: 65%). For the fourth quarter, the Managing Board estimates to achieve revenues at the previous year’s level, partly as a result of the positive development in international business and also thanks to new software versions. For the 2004 fiscal year as a whole, sales revenue at the previous year’s level (95.6 million euros) is now expected, rather than the slight increase previously forecast. In terms of earnings, the fourth quarter is traditionally one of the strongest, and the board therefore expects to keep up with the good results of last year. However, it does not forecast the operating result to be significantly higher than last year’s value. The cash flow for 2004 is expected to remain at the same high level as in 2003. Key figures first nine months 2004: Sept. 30, 2004 Sept. 30, 2003 Change Sales revenue (million EUR) 68.4 68.4 0.0 % EBITDA (million EUR) 8.6 8.9 -3.7 % EBIT (million EUR) 3.1 3.0 4.7 % Net income (million EUR) 1.9 1.9 0.9 % Earnings per share (EUR) 0.20 0.20 0.9 % Nemetschek will publish its Quarterly Statement on November 15, 2004. Contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, Konrad-Zuse- Platz 1, 81829 Munich, Germany, phone: +49 (0)89/92793-1219, fax: +49 (0)89/92793-5520, e-mail: Investorrelations@nemetschek.de end of ad-hoc-announcement (c)DGAP 11.11.2004 ——————————————————————————– WKN: 645290; ISIN: DE0006452907; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 110959 Nov 04