Nemetschek SE

Earnings Release • Aug 17, 2001

News Details

Ad-hoc | 17 August 2001 07:38

Nemetschek AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Munich, August 17, 2001. During the first six months of 2001, Nemetschek AG, the leading software and consulting vendor for the design, construction and management of buildings, increased its Group sales by 6.1% over the same period during the previous year, for a total of DM 128.3 million (DM 121 million for 2000). Group earnings before interest and taxes (EBIT) amounted to DM 5.1 million (previous year: DM 14.2 million). In the process, the subsidiary MYBAU AG was consolidated at equity. During the second quarter, EBIT amounted to DM 1.4 million (DM 6.6 million for the previous year). Sales revenue increased to a total of DM 65.0 million (previous year: DM 60.4 million), a 7.5% year-on-year increase. Despite the sales increase, the Nemetschek Board is not satisfied with the overall development. Specifically, yet another economic downturn in Germany’s construction industry is a strain on Nemetschek’s Architecture, Civil Engineering and Facility & Real Estate Management business units. Given these developments, the Board expects a slight increase in sales over last year and an EBIT of about DM 10 million. The subsidiaries Nemetschek North America, APSIS Software and MAXON Computer posted significant growth rates of about 80%, with combined sales of DM 25 million. With the focus on earnings, Nemetschek will step up its restructuring program. These measures will review the acquired subsidiaries, among other strategies, including the option of mergers or sale of individual companies. Another, more stringent round of cost management measures in the Group will result in an overall cutting of 150 jobs in 2001. The percentage of revenue from the solutions and project business, which currently makes up about 20% of the Group’s total sales, shall be significantly increased. By assembling a new management team and filling the key positions for national an international sales and for corporate marketing, Nemetschek has at the same time established the basis for future growth. The Board expects to see the full impact of these restructuring measures during fiscal 2002. For additional information, contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, Konrad-Zuse-Platz 1, 81829 Munich, Phone +49 (0)89/9 27 93-1219 Fax +49 (0)89/9 27 93-5520 Investorrelations@nemetschek.de end of ad hoc announcement (c) DGAP 17.08.2001 ——————————————————————————– WKN: 645290; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 170738 Aug 01