Nemetschek AG: Nemetschek AG fullfills guidance for 2012

Fri, 15 Feb 2013 07:30:03 DGAP-News: Nemetschek AG: Nemetschek AG fullfills guidance for 2012

Nemetschek AG / Key word(s): Preliminary Results

15.02.2013 / 07:30

Corporate News

Nemetschek AG fullfills guidance for 2012

- Group revenue rises by 6.8 percent to EUR 175.1 million

- EBITDA rises by 3.5 percent to EUR 40.7 million

- EBITDA margin of 23.2 percent at a good level

Munich, February 15, 2013 - Nemetschek AG (ISIN 0006452907), a leading global software producer for the architecture, engineering and construction market (AEC), today published its preliminary earnings for the financial year 2012.

These results show an increase in revenues of 6.8 percent to EUR 175.1 million (previous year: EUR 164.0 million). The earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 3.5 percent to EUR 40.7 million (previous year: EUR 39.3 million). The EBITDA margin of 23.2 percent remained at a good level (previous year: 23.9 percent). As expected, the net income of EUR 18.8 million was just under 10 percent less than that of the previous year, in which a high deferred tax income was realized. The earnings per share were accordingly EUR 1.95.

Cash flow development continued to be very satisfactory. Operative cash flow was just below previous year levels at EUR 36.5 million due to lower accounts payable. The same applies for the free cash flow which, at EUR 29.8 million, was below the previous year's level due to higher investments in international expansion. Net liquidity rose by more than half from EUR 28.8 million to EUR 44.3 million, while the company continues to be free of bank debt.

The forecast expected by the company for 2012 was thus achieved in terms of revenue (forecast: at least EUR 175 million), and exceeded in terms of EBITDA (forecast: at least EUR 39.3 million). The main reason for this is the positive development of the company in the second half of the year 'Compared to the development in the first half of the year, which did not meet expectations, we have been able to regain ground' comments Tanja Tamara Dreilich, sole member of the executive board of Nemetschek AG, on the figures.The company thus also expects a positive development for 2013. Group revenue is consequently expected to rise to between EUR 185 and 190 million. EBITDA is expected to reach a level of EUR 42 to 44 million.

In detail the developments of the financial year 2012 are presented as follows on the basis of the preliminary figures:

in EUR million 12/31/2012 12/31/2011 abs. 
Revenues 175.1 164.0 11.1 6.8%
- of this licenses 85.8 81.3 4.5 5.6%
- of this maintenance 80.1 74.3 5.8 7.9%
EBITDA 40.7 39.3 1.4 3.5%
- in % of revenues 23.2% 23.9% -0.8%  
EBIT 29.0 29.1 -0.1 -0.1%
- in % of revenues 16.6% 17.7% -1.1%  
Net income (group shares) 18.8 20.8 -2.0 -9.8%
Per share in EUR 1.95 2.16 -0.21 -9.8%
Operative cash flow 36.5 37.1 -0.6 -1.7%
Free cash flow 29.8 31.5 -1.7 -5.5%
Net liquidity 44.3 28.8 15.5 53.8%
Equity ratio 67.8% 63.9% 3.9%  
Employees as of effective date 1,229 1,173 56 4.8%


The company will publish the complete results for the 2012 financial year as well as the 2012 annual report on March 28, 2013.

For further information on the company, please contact

Nemetschek AG

Ingo Middelmenne
Head of Investor Relations
+49 89 92793 1216

About Nemetschek AG:
Nemetschek is a leading global software producer for the architecture, engineering and construction (AEC) market. Headquartered in Munich, Germany, with its 10 brands it today serves more than 300,000 customers in 142 countries from 40 locations worldwide. Founded in 1963 by Prof. Georg Nemetschek, the group focuses on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly listed since 1999, Nemetschek achieved revenues in 2011 of EUR 164 million.

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