DGAP-News: Mensch und Maschine Software SE discloses

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Feb 10, 2014 at 3:45 AM

DGAP-News: Mensch und Maschine Software SE discloses preliminary 2013 figures

DGAP-News: Mensch und Maschine Software SE / Key word(s): Preliminary Results Mensch und Maschine Software SE discloses preliminary 2013 figures 10.02.2014 / 09:30 --------------------------------------------------------------------- Strong closing quarter made 2013 finally successful - EBITDA 2013 purely operating nearly EUR 3 Million above PY Wessling, February 10, 2014 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, finished the fiscal year 2013 with a strong closing quarter, according to preliminary figures. On a purely operating basis, operating profit EBITDA for the full year 2013 was improved by nearly EUR 3 mln compared to the previous year. Group sales 2013 amounted to approx. EUR 125.8 mln (PY: 118.80 / +5.9%), with Software contributing approx. EUR 35.1 mln (PY: 33.62 / +4.4%) and the VAR Business contributing approx. EUR 90.7 mln (PY: 85.18 / +6.4%). Software sales suffered from the strong Euro, particularly against the Japanese YEN. The Software segment grew more than 8% in local currencies. Gross margin increased slightly disproportionately to sales by approx. 7% to approx. EUR 67.4 mln (PY: 62.97), with contributions of approx. EUR 32.5 mln (PY: 30.63 / +6.1% or +10% in local currencies) from Software and approx. EUR 34.9 mln (PY: 32.34 / +7.9%) from the VAR Business. Other operating income decreased to approx. EUR 7.6 mln (PY: 13.11), as the contribution from the sale of the Distribution business, closed in 2011, was down to EUR 4.0 mln (PY: 9.0), according to plan. Total added value, defined as gross margin plus other operating income, amounted to approx. EUR 75.0 mln, which was slightly under the previous year's EUR 76.08 mln, due to the EUR 5 mln less contribution from the Distribution sale. Operating profit EBITDA before depreciation, amortization, interest and taxes for the full year 2013 amounted to approx. EUR 5.95 mln (PY: 5.49 / +7.5%) for Software and approx. EUR 1.85 mln (PY: 4.48) for the VAR Business. Group EBITDA amounting to approx. EUR 7.8 mln (PY: 9.97) nominally came in below previous year. Purely operating, adjusted by the contributions from the sale of Distribution, it nearly quadrupled from EUR 0.97 mln to approx. EUR 3.8 mln. The closing quarter contributed approx. EUR 32.3 mln (PY: 30.50 / +5.9%) to sales and approx. EUR 2.4 mln to EBITDA, which purely operating represented an increase of approx. EUR 1.6 mln over previous year's EUR 2.83 mln before adjustment. Net profit after minority shares amounted to approx. EUR 2.5 mln (PY: 3.62 unadjusted) or approx. 16 Cents (PY: 24 unadjusted) per share. Operating cash flows, which had been strongly negative during 2012, due to the business model transition with its changes to working capital, returned to the black. This amounted to approx. EUR 2.9 mln (PY: -5.58) - an improvement of approx. EUR 8.5 Million. 'With an operating profit increase of nearly three Million Euros in a rather challenging environment, 2013 finally was a successful year for us', M+M CEO Adi Drotleff happily comments. 'The highest hurdle in the long term transition of the M+M business model to more value is now behind us, and we feel well on track for our goal to increase EPS to 50 Cents by 2015 and to one Euro by 2018, which would represent more than a quintupling in five years.' Attention: The final audited 2013 figures, which will be disclosed in the accounts press conference on March 17, 2014, can differ from the preliminary figures disclosed in this document. End of Corporate News --------------------------------------------------------------------- 10.02.2014 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 www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 Listed: Freiverkehr in Berlin, DÃ¼sseldorf, Hamburg, MÃ¼nchen (m:access), Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 251755 10.02.2014

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