MENSCH UND MASCHINE SOFTWARE SE (FRA:MUM) EQS-News: Mensch und Maschine Software SE presenting H1 Report 2023

Transparency directive : regulatory news

20/07/2023 09:02

EQS-News: Mensch und Maschine Software SE / Key word(s): Half Year Results
Mensch und Maschine Software SE presenting H1 Report 2023

20.07.2023 / 09:02 CET/CEST
The issuer is solely responsible for the content of this announcement.

Record half year figures after solid Q2
- Sales +11% / Gross profit +10% / EPS +15%
- Optimistic guidance for 2023 and 2024

Wessling, July 20, 2023 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved the strongest first half year in the company's history with a record Q1, followed by a solid Q2, clearly underlining the guidance for full year 2023.

Half year sales amounted to EUR 174.38 mln (PY: 156.59 / +11%), with EUR 54.58 mln (PY: 48.77 / +12%) from M+M Software and EUR 119.80 mln (PY: 107.82 / +11%) from the VAR Business. After Q1 sales had been up +21% due to Autodesk’s 3YR final peak, the sales curve in Q2, which was more dominated by proprietary M+M business, was nearly flat at +0.2%, as expected.

6M gross profit climbed to EUR 88.06 mln (PY: 80.03 / +10%), with EUR 49.37 mln (PY: 44.43 / +11%) from M+M Software and EUR 38.69 mln (PY: 35.60 / +8.7%) from the VAR Business. The swing to proprietary business is clearly visible in gross yield development, which after 45.7% in Q1 jumped to 57.4% in Q2.

Personnel expenses rose by an acceptable +7.8% to EUR 49.90 mln (PY: 46.28). With +6.0% in Q2 after +9.7% in Q1 and +12% in 2022, M+M’s restrained personnel policy is increasingly showing an effect.

Operating profit EBIT was increased to EUR 26.33 mln (PY: 22.70 / +16%), with EUR 16.21 mln (PY: 13.73 / +18%) from M+M Software and EUR 10.12 mln (PY: 8.97 / +13%) from VAR Business. Net profit after minority shares grew by +14% to 16.14 mln (PY: 14.12), or 97 Cents (PY: 84 / +15%) per share. Operating cash flows stayed on record trip, coming in at EUR 31.59 mln (PY: 24.51) or 189 Cents (PY: 146) per share.

CFO Markus Pech and Chairman Adi Drotleff are optimistic for 2023/24: “After the strong first half year, we believe that our 164-181 Cents/share net profit target for full year 2023 is clearly underlined. Accumulated over the two years 2022/23 this would result in +38-55 Cents surplus over the 126 Cents/share achieved in 2021, or +14-20% p.a. - exactly matching the 2YR guidance from annual report 2021. When attaining this goal, we shall increase the dividend to 155-165 Cents (PY: 140). For 2024 we also expect EPS to grow by +14-20% or +24-34 Cents and plan for +15-25 Cents dividend increase.”
The H1 report title story is "Digital Twin", which runs like a red thread through M+M's software and digitization portfolio.

20.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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:	investor-relations@mum.de
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:	1684099


End of News	EQS News Service

1684099 20.07.2023 CET/CEST

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MENSCH UND MASCHINE SOFTWARE SE (FRA:MUM) EQS-News: Mensch und Maschine Software SE presenting H1 Report 2023

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