Nemetschek AG: Successful fiscal year 2013

Fri, 28 Mar 2014 07:02:11 DGAP-News: Nemetschek AG: Successful fiscal year 2013

Nemetschek AG / Key word(s): Final Results

28.03.2014 / 07:02

Corporate News

Nemetschek AG: Successful fiscal year 2013

- EBITDA rises by 13% to EUR 46.3 million, EBITDA margin at 24.9%

- Earnings per share significantly above previous year at EUR 2.49 Euro (+23%)

- Solid balance sheet: Equity ratio of 66.2%, cash and cash equivalents at EUR 48.6 million

- Dividend increases by 13% to EUR 1.30 per share

- Optimistic outlook for 2014

Munich, March 28, 2014 - Today Nemetschek AG (ISIN 0006452907) announced its fiscal year figures for 2013 and the outlook for 2014.

Above-average earnings growth in 2013
In the 2013 financial year, the Nemetschek Group achieved revenues amounting to EUR 185.9 million, an increase of 6.2% over the previous year (EUR 175.1 million). The earnings from operating activities before interest, taxes, depreciation and amortization (EBITDA) rose more strongly than revenues. With EUR 46.3 million, the EBITDA increased by 13.0% compared to the previous year (EUR 40.9 million). Thus, Nemetschek was able to improve the EBITDA margin by 1.5 percentage points from 23.4% to 24.9% within a single year. The positive earnings development is also reflected in the net income for the year. With a rise of 23.0%, the net income for the year (group shares) rose to EUR 24.0 million (previous year: EUR 19.5 million). As a result, the earnings per share were EUR 2.49.

"We look back on a successful 2013 financial year and were able to significantly improve all major key figures compared to the previous year," says Patrik Heider, CFOO of Nemetschek AG. "In 2013 we succeeded in the continued implementation of our global growth strategy and made advances in major areas such as internationalization, acquisition, innovations and the integration of technological trends in our own solution portfolio. We have thus set the cornerstone for further profitable growth," Heider continues.

Increase in revenues and earnings in all four segments
In the Design segment, revenues rose by 5.5% to EUR 149.5 million (previous year: EUR 141.8 million). The EBITDA was above-average relative to revenues and rose to EUR 33.1 million, an increase of 14.7% compared to the previous year. The EBITDA margin consequently increased to 22.1% (previous year: 20.3%).

In the Build segment, an increase in revenues of 7.4% was achieved, with revenues rising to EUR 15.4 million (previous year: EUR 14.3 million). The EBITDA increased by 5.5% to EUR 5.5 million, which corresponds to an EBITDA margin of 36.0%.

The development of the Manage segment was extremely positive: With a growth rate of 20.2% in the course of the year, revenues in 2013 rose considerably to EUR 5.0 million (previous year: EUR 4.2 million). The EBITDA grew even more strongly. At EUR 1.1 million, the figure more than doubled over the year (previous year: EUR 0.5 million).

The Multimedia segment also continued on its growth course: In 2013 revenues rose by 8.1% to EUR 16.0 million (previous year: EUR 14.8 million). The EBITDA margin remained high at 40.7%.

Solid balance sheet and comfortable liquidity position
With an equity ratio of 66.2% and cash and cash equivalents amounting to EUR 48.6 million, the Nemetschek Group has extremely solid asset and financial structures. In spite of the acquisition of Data Design System in November 2013 using the company's own capital resources and the upcoming dividend distribution, Nemetschek has sufficient liquidity reserves for further organic and inorganic growth.

Dividend increases to EUR 1.30 per share
At the Annual Shareholders' Meeting on May 20, 2014, the Executive Board and Supervisory Board will propose a dividend of EUR 1.30 per share, an increase of 13% compared to the previous year (EUR 1.15 per share).

Optimistic outlook for the 2014 financial year
Based on the assumption of a stable economic environment, and the assumption that this will also apply to the construction industry, in addition to a positive impetus for growth arising from technological trends in the AECM (Architecture, Engineering, Construction, Management) and multimedia industries, the executive board of Nemetschek has an optimistic outlook for 2014. "On the one hand, as a result of our solid balance sheet and high liquidity reserves, we have the financial means to invest in the future, including corporate acquisitions. And on the other hand, we are ideally positioned as a group: Our organization is decentralized with a strategic holding and strong, independent brands. We are consequently able to shape our progress in a way which is expedient and customer-oriented. It is our declared goal to continue to grow globally and to increase revenues and earnings," explains Patrik Heider.

For the 2014 fiscal year, Nemetschek Group plans an increase in revenues in the range of EUR 207 million to EUR 212 million (increase of 11% to 14%). An EBITDA margin of between 23% and 25% is expected.

Overview of key figures

In EUR million FY 2013 FY 2012 Δ in %
Revenues 185.9 175.1 +6.2%
- thereof software services 89.1 80.1 +11.2%
- thereof software licenses 87.0 85.8 +1.5%
EBITDA 46.3 40.9 +13.0%
Margin 24.9% 23.4%  
EBITA (normalized EBIT) 42.0 36.4 +15.5%
Margin 22.6% 20.8%  
Net income (group shares) 24.0 19.5 +23.0%
Earnings per share in EUR 2.49 2.03 +23.0%
Net income (group shares) before
depreciation of PPA
29.7 25.5 +17.4%
Earnings per share before depreciation of PPA 3.08 2.62 +17.4%
In EUR million Dec. 31, 2013 Dec. 31, 2012 Δ in %
Cash and cash equivalents 48.6 44.3 +9.6%
Equity 118.2 106.7 +10.7%
Equity ratio 66.2% 66.8%  
Cash flow from operating activities 40. 2 36.5 +10.3%

Key figures by segment

In EUR million FY 2013 FY 2012 Δ in %
Revenues 149.5 141.8 +5.5%
EBITDA 33.1 28.8 +14.7%
Margin 22.1% 20.3%  
Revenues 15.4 14.3 +7.4%
EBITDA 5.5 5.3 +5.5%
Margin 36.0% 36.7%  
Revenues 5.0 4.2 +20.2%
EBITDA 1.1 0.5 +117.5%
Margin 22.5% 12.4%  
Revenues 16.0 14.8 +8.1%
EBITDA 6.5 6.3 +2.8%
Margin 40.7% 42.8%  

The complete 2013 annual report is available for download in the Investor Relations section of the company website.

For further information on the company, please contact

Nemetschek AG
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229

About Nemetschek AG
Nemetschek, Munich, is a globally leading producer of software for the AECM (Architecture, Engineering, Construction, Management) industry. With its 12 brands, the Nemetschek Group now serves more than 1.2 million users in 142 countries from more than 40 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the company focuses on innovations such as Open Building Information Modeling (Open BIM) for the AECM market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, the company achieved revenues of EUR 185.9 million in the 2013 fiscal year and an EBITDA margin of 24.9%.

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