Mensch und Maschine's Historic 9M Results
Mensch und Maschine Software SE (MUM - ISIN DE0006580806) has recently announced remarkable nine-month (9M) results for its fiscal year, showcasing the highest figures in its history. During the third quarter (Q3), the CAD/CAM/BIM specialist company experienced significant growth as it gears up for its partnership transition with Autodesk.
Impressive Financial Growth
The company reported a total sales figure of €270.08 million for the 9M period, reflecting an 11.5% increase from €242.21 million in the previous year. This substantial growth can be largely attributed to an impressive 39% surge in Q3 revenue alone. Additionally, gross profit reached €135.05 million, marking a 7.2% increase from the prior year's €126.00 million, with Q3 demonstrating a robust 9.4% rise following a growth of 6.2% in the first half of the year.
Profitability Boosts Operating Performance
For the 9M period, the earnings before interest and taxes (EBIT) were reported at a record €38.10 million, rising by 11% from the previous year's €34.41 million. Notably, the Q3 EBIT growth surged to 25%, building on a 6.3% rise in the first half. Meanwhile, the net profit, inclusive of minority shares, experienced a 14.6% upswing, totaling €24.39 million, equating to 144 cents per share compared to 127 cents in the prior year. The third quarter alone reflected a 31.5% increase in net profit.
Robust Operating Cash Flow
Mensch und Maschine also reported strong operational cash flow, achieving a total of €52.78 million, slightly surpassing the previous year’s record of €48.61 million. This translates to 312 cents per share in comparison to 290 cents per share last year.
Future Growth Outlook
Looking forward, CFO Markus Pech and Chairman Adi Drotleff are confident in maintaining their ambitious growth targets. They have set goals for a gross profit increase of 8-10% and an expected rise in earnings per share (EPS) of 10-20%, aiming for a share value between 189-206 cents. The company also plans to adjust its dividend target to between 185-195 cents per share, up from the previous year's 165 cents. As they set their sights toward 2025, they anticipate a more aggressive profit growth of 12-25% along with potential dividend increases of 25-35 cents. The average EPS growth target for 2024/25 remains aligned with the 17% per annum achieved in the prior year.
Frequently Asked Questions
What were Mensch und Maschine's sales figures for the 9M period?
The company's sales for the 9M period reached €270.08 million, reflecting an 11.5% increase from the previous year.
How much did the EBIT increase during the reported period?
The EBIT for the 9M period was €38.10 million, representing an 11% increase from the previous year's figures.
What are the dividend targets for Mensch und Maschine?
The company aims to set its dividend target between 185-195 cents per share for the upcoming year.
How did the company's net profit perform in Q3?
In Q3, net profit after minority shares grew by 31.5%, amounting to €24.39 million.
What future growth rates is the company projecting?
Mensch und Maschine is projecting an 8-10% increase in gross profit and a 10-20% rise in EPS for the next fiscal year.
