Nemetschek SE

Earnings Release • May 14, 2001

News Details

Ad-hoc | 14 May 2001 07:34

Ad hoc-Service: Nemetschek AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Munich, May 14 2001. Nemetschek AG, one of the world’s leading vendors of information technology and consulting services for building design, construction and management, and fourth largest vendor of standard software in Germany, maintained a firm hold on the market, achieved its targets and initiated the first restructuring measures in Q1 of 2001 despite the prolonged crisis in the construction industry. CEO Gerhardt Merkel was satisfied overall with the first three months of the fiscal year despite the difficult underlying conditions. Nemetschek AG plans to achieve sales of DM 275 million and EBIT of DM 29 million in fiscal 2001. The Group generated sales of DM 63.4 million during the first quarter (previous year: 60.5 million), which is an increase of 4.7 percent. Three subsidiary companies were particularly successful: Nemetschek North America Inc., the multimedia subsidiary MAXON Computer GmbH and Apsis Software AG achieved growth rates of between 60 and 300 percent. Owing largely to the ongoing low level of activity in the building industry, Nemetschek AG’s core business is still a challenge, in particular in Germany. With the restructuring measures announced in March, the managing board will achieve considerable cost-savings amounting to DM 17 million in the Group as a whole by the end of the year. The operating profit for the Nemetschek Group in Q1 was DM 3.7 million (7.6 million) with net earnings of DM 0.5 million (previous year: 2.5 million). The DVFA/SG result before goodwill amortization amounts to DM 3.2 million (previous year: DM 4.3 million). The Group is thus on track to achieve its target figures. These statements correspond to a pro-forma balance sheet: The company Mybau AG still had to be fully consolidated in Q1, leading to net Group earnings of minus DM 1.1 million in Q1, which will be corrected in the next quarter. After the approval of the cartel office on May 2, 2001 and the execution of the merger, Nemetschek will only hold one third of the shares retroactively as of January 1, with STRABAG AG and Bilfinger + Berger Bauaktien- gesellschaft holding another third each. For additional information, contact: Investor Relations, Mr. Richard Höll, Nemetschek AG, 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 14.05.2001 ——————————————————————————– WKN: 645290; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 140734 Mai 01