Nemetschek plans resumption of dividend payout

  • Provisional figures for 2009 confirmed
  • Dividend of 0.50 euros per share planned

Munich, March 24, 2010 – The managing board and supervisory board of Nemetschek AG (ISIN 0006452907), Europe's largest vendor of software for architecture and the building industry, will propose the resumption of the dividend payout for fiscal 2009 to shareholders at the forthcoming annual general meeting. Of the balance sheet profit of 13.9 million euros, 4.8 million euros are to be paid out to the shareholders. This represents a dividend per share of 0.50 euros (previous year: 0 euros). Based on the final share price in 2009 it is equivalent to a dividend yield of 3.1 percent.

In the previous year the company had cancelled the dividend payout for the first time in four years in order to accelerate the loan repayment and strengthen the company's equity in the face of the economic crisis. In the course of the worldwide economic downturn, sales revenues of the Nemetschek Group in 2009 dropped by 10 percent as expected from 150.4 million euros to 135.6 million euros. As was already announced with the provisional figures, the operating result (EBITDA) of 30.4 million euros was only marginally below the previous year's level (31.4 million euros), while the EBITDA margin increased to 22 percent. The net income (consolidated shares) increased as a result of fewer interest expenses from 10.4 million euros to 12.2 million euros. The group's net debt amounted to 9.3 million euros, down from 26.1 million euros at the end of 2008.

Nemetschek publishes the certified annual report today. The company expects the revenue level and the EBITDA margin to at least remain stable in 2010. Across the group, management expects low single-digit percentage growth in the current business year. This will also be reflected positively in the operating result.

Explanations

'With an equity ratio of 50 percent and net debt in the single-digit millions, we can safely count ourselves among the German dividend shares', said Ernst Homolka, CEO, Nemetschek AG, adding that the economic situation remained insecure in 2010, but that a further drop in revenue was not expected. 'This means that in 2010 we should be in a position to at least maintain the current margin level and go ahead with our investment plans at the same time'.