Nemetschek SE

Earnings Release • Feb 17, 2004

News Details

Ad-hoc | 17 February 2004 08:18

Nemetschek increases earnings significantly in fiscal 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Nemetschek increases earnings significantly in fiscal 2003 Revenues and earnings according to plan / Trend reversal in operating results / Further increase of earnings expected in 2004 Munich, February 17, 2004. The Nemetschek Group, one of the leading vendors of software and consulting services for the design, construction and management of buildings and real estate, concluded fiscal 2003 according to plan. According to preliminary and unaudited figures sales revenues amounted to EUR 95.6 million and thus reflect an expected decline as compared to the previous year (EUR 105.5 million). Despite the decrease in sales, operating income (EBIT) increased to EUR 5.7 million (previous year: EUR -7.9 million). The Group’s net income rose to EUR 3.9 million (previous year: EUR -11.7 million). Compared to the previous year’s value liquid assets were raised by EUR 8.7 million to EUR 29.8 million as of Dec. 31, 2003. The decrease in sales in the German market reflects the continued difficult economic situation and the further decline in building investments. The proportion of international sales amounted to 43 %. The Group’s sales revenues are negatively affected by currency and deconsolidation effects in the amount of more than EUR 4 million. With these results Nemetschek confirms its forecasts. The trend reversal in operating results was not only achieved by the extensive cost reductions of the previous years but also by increases in efficiency throughout the Group. In 2004 Nemetschek will continue its efforts and will concentrate even more on the customers and the market. Despite the sustained difficult market conditions in the German construction industry the Board expects slight increases in revenues and earnings in 2004. Nemetschek will publish its audited financial statements at its annual press conference on March 26, 2004 in Munich. Contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, Konrad-Zuse-Platz 1, 81829 Munich, phone: +49 (0)89/92793-1219, fax: +49 (0)89/92793-5520, e-mail: Investorrelations@nemetschek.de end of ad-hoc-announcement (c)DGAP 17.02.2004 ——————————————————————————– WKN: 645290; ISIN: DE0006452907; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 170818 Feb 04