Mensch und Maschine Software SE - Earnings Release 2021

News Details

Corporate | 21 October 2021 09:03

Mensch und Maschine Software SE presenting Q3 report 2021

DGAP-News: Mensch und Maschine Software SE / Key word(s): 9 Month figures

21.10.2021 / 09:03

The issuer is solely responsible for the content of this announcement.

M+M: Continuing on growth and record path

– Nine months EBIT +32% above pre-crisis year 2019

– Strong Q4 and new records for 2021 expected

Wessling, October 21, 2021 – Mensch und Maschine Software SE (MUM – ISIN DE0006580806), a CAD/CAM/BIM specialist company, continues on the strong growth path and achieved new Q3 and nine months records. Compared to the pre-crisis year 2019, 9M sales already gained +11%, while EBIT showed a disproportionate +32% increase.

Nine months sales climbed to EUR 193.99 mln (PY: 180.61 / +7.4%), with EUR 60.86 mln (PY: 54.93 / +11%) from M+M Software and EUR 133.13 mln (PY: 125.68 / +5.9%) from the VAR Business. The +11% increase versus 2019 was fairly equally contributed to by segments and quarters, while the comparison to 2020 is distorted by the pre-Corona record in Q1.

Operating profit EBIT grew to EUR 24.09 mln (PY: 21.76 / +11%), the highest nine month EBIT amount ever. Software contribution was EUR 15.14 mln (PY: 13.67 / +10.8%), while VAR Business achieved EUR 8.94 mln (PY: 8.09 / +10.5%). Compared to 2019, the EBIT increase was +32%, with +24% from Software and +49% from the VAR segment.

Net profit after minority shares amounting to EUR 14.39 mln (PY: 12.73 / +13%), or 85 Cents/share (PY: 76), also marked a new record level. Relative to 2019, net profit grew +30%. Operating cash flows continued to soar to EUR 30.11 mln (PY: 32.73 / 2019: 21.43) or 178 Cents/share (PY: 195 / 2019: 127), equating to about twice the net profit level.

M+M Chairman Adi Drotleff remains optimistic for 2021: ‘After the pleasing 9M business, we are also expecting a strong closing quarter, resulting in new full year 2021 records both on sales and earnings level. We continue to expect for 2021 a +6-10% growth corridor to EUR 259-268 mln for sales, and we aim for a disproportionate net profit increase by 12-21% (or +26-36% vs 2019) to 125-135 Cents per share and a 115-120 Cents (PY: 100 / 2019: 85) dividend.’

21.10.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	Mensch und Maschine Software SE
	Argelsrieder Feld 5
	82234 Wessling
	Germany
Phone:	+49 (0)815 3933-0
Fax:	+49 (0)815 3933-100
E-mail:	[email protected]
Internet:	www.mum.de
ISIN:	DE0006580806
WKN:	658 080
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID:	1242406