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DGAP-News: Mensch und Maschine Software SE discloses half year report

July 28, 2014

DGAP-News: Mensch und Maschine Software SE / Key word(s): Half Year Results Mensch und Maschine Software SE discloses half year report 28.07.2014 / 09:10 --------------------------------------------------------------------- Q2: Ambitious expectations fully fulfilled - Double digit growth and a more than doubled EBITDA in Q2 - Targeted doubling of EPS to 35 Cents in 2014 underlined Wessling, July 28, 2014 - Double digit sales growth and a more than doubled EBITDA in the second quarter of 2014 fully fulfilled the internal expectations at Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company. Q2 sales climbed by 19% to EUR 32.99 mln (PY: 27.80), increasing six months sales to EUR 70.71 mln (PY: 65.25 / +8.4%), to which Software contributed EUR 18.97 mln (PY: 17.83 / +6.4%) and the VAR Business contributed EUR 51.74 mln (PY: 47.42 / +9.1%). Gross margin increased to EUR 37.31 mln (PY: 34.19 / +9.1%), with contributions of EUR 17.88 mln (PY: 16.67 / +7.2%) from Software and EUR 19.43 mln (PY: 17.52 / +11%) from VAR Business. Thus the six months gross margin exceeded the previous record level from 2011, amounting to EUR 36.72 mln, including the Distribution business which was not yet sold at the time. Excluding Distribution, gross margin had been EUR 26.47 mln, so it grew 41% in three years, resulting in an annual growth rate around 13%. Operating profit EBITDA before depreciation, amortization, interest and taxes in Q2 alone has more than doubled to EUR 2.37 mln (PY: 1.04 / +127%). Half year EBITDA amounted to EUR 3.46 mln (PY: 3.25 / +6.2%) for the Software segment and to EUR 2.11 mln (PY: 1.04 / +102%) for the VAR Business. Group EBITDA increased to EUR 5.57 mln (PY: 4.30 / +30%). Net profit after minority shares grew to EUR 2.35 mln (PY: 1.26 / +87%), or 15 Cents (PY: 8) per share (undiluted). Group headcount at June 30, 2014, was 714 (PY: 705 / +1.3%). By segment, the development was quite different: While the VAR Business headcount consolidated to 432 (PY: 437) people, M+M was investing in its strategically important Software development, where the headcount was increased to 282 (PY: 268). M+M CEO Adi Drotleff confirms that the ambitious targets for 2014 are well within reach: 'After the fully on plan first half year, we continue to expect sales to approach EUR 140 mln (PY: 125.83 / +11%). EBITDA is still targeted at EUR 11.5 mln (PY: 7.81 / 47%), net profit at EUR 5.5 mln (PY: 2.62 / +110%) or approx. 35 Cents per share (PY: 17).' End of Corporate News --------------------------------------------------------------------- 28.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------- Language: English Company: Mensch und Maschine Software SE Argelsrieder Feld 5 82234 WesslingGermany Phone: +49 (0)815 3933-0 Fax: +49 (0)815 3933-100 E-mail: Internet: ISIN: DE0006580806 WKN: 658 080 Listed: Freiverkehr in Berlin, DÜsseldorf, Hamburg, MÜnchen (m:access), Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 279494 28.07.2014

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Source: DGAP Corporate News

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