Munich, November 6, 2006 – The Nemetschek Group has demonstrated consistency in the growth of sales and revenue again in the third quarter. The world-leading provider of information technology for the design, construction, and management of buildings and real estate was able to increase sales by 7.7 % to 74.8 million euros and earnings (EBIT) by 38.8 % to 9.6 million euros on September 30, 2006.
Clear increase in sales once again
In the first nine months, the Nemetschek Group's sales of 74.8 million euros exceeded the previous year's figure of 69.5 million euros by 7.7 %. The third quarter contributed to this development with sales of 24.1 million euros (+ 8.0%, previous year: 22.4 million euros). In the first nine month, the Design business unit performed particularly well, with an increase in sales of around 10 %, which was primarily due to organic growth. The Multimedia and Manage business units also saw significant improvements.
Net earnings for the year increase by 43 %
The operating profit in the third quarter was 2.5 million euros (previous year: 1.8 million euros), 38.2 % higher than the previous year's figure. In the first three quarters of 2006, Nemetschek achieved operating profit of 9.6 million euros, compared to 7.0 million euros in the previous year (+ 38.8 %). The Design business unit made a significant contribution to this result (+ 2.1 million euros). The Manage and Multimedia business units also achieved clear improvements in earnings. In the first nine months, the net earnings increased by 43.2 % to 7.9 million euros. The earnings per share were 0.80 euros, compared to 0.56 euros in the same period of the previous year.
Cash flow for the period increased to 12 million euros
The cash flow for the period increased to 11.9 million euros (previous year: 9.9 million euros). Cash flow from operating activities almost doubled, and was 15.8 million euros, compared with 7.9 million euros in the same period of the previous year.
The equity capital is 48.8 million euros (December 31, 2005: 48.1 million euros). This corresponds to a very good equity ratio of 57.3 % (December 31, 2005: 59.5 %). Liquid assets amounted to 27.0 million euros.
Changes in the managing board
The end of the year will see some personnel changes in the Nemetschek AG managing board. CEO Gerhard Weiß (64) will retire on December 31, 2006 as planned. Ernst Homolka, Director of Finances and Administration, will be appointed Chief Financial Officer. In future, he will be responsible for the areas of financials, HR, legal, IT, operations, merger & acquisitions and investor relations, and will also take on the task of company spokesman.
The complete 9-month report to September 30, 2006 will be published on November 10, 2006.