Nemetschek shows continuity of results in the 1st half year

Nemetschek shows continuity of results in the 1st half year

  • Group revenue rises 7 percent to EUR 84.4 million
  • Allplan subsidiary faces restructuring

Munich, July 25, 2012 – Nemetschek AG (ISIN 0006452907), a leading global software provider for the architecture, engineering and construction market (AEC), today published its interim report on the first half year 2012.

Group revenue climbed according to this by 7 percent to Euro 84.4 million, whereby the foreign revenues and the revenue share from software service contracts increased over-proportionally. The result before interest, taxes and depreciation (EBITDA) of EUR 18.2 million was at the prior year level. Growth of the Group was especially positive in the Asian markets.

'We can basically observe a solid first half year. However, our largest subsidiary - Nemetschek Allplan, which was below budget, impacted this development negatively', commented Tanja Tamara Dreilich, Chief Financial Officer of Nemetschek AG, on the results. 'Therefore, the managing board decided on an extensive new orientation of Allplan. During the third quarter we will comment in detail on the planned steps.'

The reasons for the recent unsatisfactory corporate development for Allplan are, on the one hand, the negative development of the construction industry in parts of Europe. This had an impact on the revenue growth of Allplan. On the other hand, the generation of new revenues was more labour intensive which burdened the earnings situation of Allplan.

With effect from July 1, 2012 a change in the management of Nemetschek Allplan was already made in this context. With Sven Larsen and Ales Siroky the new orientation is now being managed by an experienced executive team. 'In the next few weeks we will work out a concept for the new orientation together with the new management of Allplan', explains Dreilich. 'The goal is to lead Allplan to new profitability and strong growth.'

The complete report on company development in the first half year can be found on the internet pages of the company at www.nemetschek.com/home/investor_relations/publikationen.html ready for downloading.