Nemetschek SE

Earnings Release • May 17, 2002

News Details

Ad-hoc | 17 May 2002 07:46

Nemetschek AG english

Nemetschek Q1 Marked by Sustained Weakness in the Building Industry and ITSector Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Nemetschek First Quarter Marked by Sustained Weakness in the Building Industry and IT Sector Sales within expectations / Unsatisfactory earnings development / Operating expenses reduced / Synergies evident Munich, May 17, 2002. The Nemetschek Group, a leading vendor of software and consulting services in the design, construction and management of buildings and real estate was unable to escape the sustained weakness in the building indus- try and the reluctance to invest in the IT sector in Q1 of 2002. At EUR 28.2 million (previous year: EUR 32.4 million) sales revenue was within expecta- tions, although revenue from international activities was below expectations. Gross profit (EUR 25.6 million; minus 9.9%) suffered from a somewhat low-profit product mix and the higher than planned associated cost of sales. At EUR 0.1 million (previous year: EUR 1.9 million), the EBIT was below plan. The loss for the year amounts to minus EUR 1.1 million (previous year: EUR 0.3 million). Despite the weaker results in the “Design” division, which are attributable to the market situation, activities in the “Build” and “Manage” segments developed better than expected. With the implementation of cost reduction measures, operating expenses were reduced by EUR 2.5 million. Nemetschek expects these measures to have a more significant impact in the following quarters. At EUR 4.9 million (previous year: EUR 7.8 million) cashflow from ordinary business operations was clearly positive. With equity capital amounting to EUR 64.5 million, which corresponds to an equity ratio of 63% as of March 31, 2002, the Nemetschek Group is still on a sound financial footing. Liquid assets amount to EUR 20.3 million. Outlook: Owing to the sustained negative market situation in the IT and build- ing sector, the managing board does not anticipate a trend reversal in the medi- um term. The missing potential in the core field of business will be compen- sated by the accelerated exploitation of synergy potentials and the ongoing cost cutting measures. The market leader expects positive impulses from the new version of the core software products Allplan and Allplot. The CAD solution Allplan has been multiply awarded and comes up with more and improved features. Contact: Mr. Richard Höll, Investor Relations, Nemetschek AG, Tel.: +49 (0)89/92793-1219, Fax: -5520, E-mail: Investorrelations@nemetschek.de end of ad-hoc-announcement (c)DGAP 17.05.2002 ——————————————————————————– WKN: 645290; ISIN: DE0006452907; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 170746 Mai 02