Nemetschek SE

Earnings Release • May 13, 2003

News Details

Ad-hoc | 13 May 2003 08:33

Nemetschek AG english

Nemetschek achieves positive net income in the first quarter Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Nemetschek achieves positive net income in the first quarter Munich, May 13, 2003. The Nemetschek Group, one of the leading vendors of software and consulting services for the design, construction and management of buildings and real estate, returns to profitability during the first quarter as planned – despite an economic and structural crisis in the German construction industry and continued reluctance to invest in the IT sector. Due to massive cost reduction measures implemented as part of last year’s restructuring program, the Group increased its operating profit to EUR 0.5 million (same quarter last year: EUR 0.1 million); the net income for the year amounted to EUR 0.1 million, compared to EUR -1.1 million during the same period in the previous year. Due to the difficult economic conditions in Germany, sales revenue totaled EUR 22.1 million, a figure that is lower than that for the previous year (EUR 28.2 million). Consolidation and currency exchange effects account for EUR 1.8 million of the total decrease in sales. However, Nemetschek slightly increased international business to EUR 9.9 million (EUR 9.8 million). Compared to the same quarter in the previous year, liquid assets increased by EUR 6.0 million to EUR 26.3 million. This figure is also higher by EUR 5.3 million than the figure as per December 31, 2002. This ensures that Nemetschek has a high degree of flexibility and freedom of action in a continuously difficult market. Equity amounts to EUR 51.8 million and the equity ratio is 58.5 % (previous year: 62.9 %). Due to the unfavorable economic conditions, the Board is expecting lower annual Group sales in the current year than in the previous year. At the same time, Nemetschek plans to achieve a lasting return to profitability during the 2003 business year, due to the restructuring program’s clear effects and massive cost reductions. Contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, Konrad-Zuse-Platz 1, 81829 Munich, Germany. Phone: +49 (0)89/92793-1219, fax: -5520, e-mail: Investorrelations@nemetschek.de end of ad-hoc-announcement (c)DGAP 13.05.2003 ——————————————————————————– WKN: 645290; ISIN: DE0006452907; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 130833 Mai 03