Munich, May 3, 2007 – The Nemetschek Group, which is listed in the Prime Standard and which is the world’s leading vendor of information technology for the design, construction and management of buildings and real estate, significantly increased sales and earnings in the first quarter of 2007. Growth in sales of 45% Nemetschek achieved sales revenues of 34.4 million euros in the first three months of 2007 (23.8 million euros in the same period of the previous year) and was thus 10.6 million euros or 45% up on the previous year. The focus on growth with the aim of driving forward internationalization has thus paid off. The leading software technology group managed to achieve this leap in sales in particular due to the acquisition of the Hungarian company Graphisoft, which accounted for 7.5 million euros. Without Graphisoft, the group achieved growth in sales of 3.1 million euros or 13.1%.
Earnings (EBITDA) up by 108 %
Group earnings before interest, tax, depreciation and amortization (EBITDA) increased by 108% in Q1 of 2007 to 7.5 million euros (previous year: 3.6 million euros) and thus more than doubled. The EBITDA amount attributable to the acquired Graphisoft is 2.1 million euros.
The EBITDA margin thus increased to 22% (previous year: 15%) of sales. Earnings before interested and taxes (EBIT) increased by 70% to 5.1 million euros (previous year: 3,0 million euros); this represents an EBIT margin of 15% (previous year: 13%).
The consolidated net income for the first three months of the 2007 financial year amounts to 2.8 million euros (previous year: 2.4 million euros).
Cash flow increases significantly
The cash flow for the period improved by 65% to 6.0 million euros (previous year: 3.6 million euros). At 12.3 million euros, the cash flow from ordinary activities improved by 63% compared with the previous year (7.5 million euros). Cash and cash equivalents increased by 28.0 million euros to 60.1 million euros as of March 31, 2007 (previous year 32.0 million euros). Equity capital totaled 63.6 million euros (December 31, 2006: 55.1 million euros). This represents an equity ratio of 29%. The result of the first three months of the year shows how the market is rewarding the path adopted by the company management: further internationalization and an innovative brand strategy. In addition, Nemetschek benefited from the economic revival and once again demonstrated its financial strength.
The Q1 report for the period to March 31, 2007 will be published on May 11, 2007.