Munich, February 15, 2013 – Nemetschek AG (ISIN 0006452907), a leading global software producer for the architecture, engineering and construction market (AEC), today published its preliminary earnings for the financial year 2012.
These results show an increase in revenues of 6.8 percent to EUR 175.1 million (previous year: EUR 164.0 million). The earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 3.5 percent to EUR 40.7 million (previous year: EUR 39.3 million). The EBITDA margin of 23.2 percent remained at a good level (previous year: 23.9 percent). As expected, the net income of EUR 18.8 million was just under 10 percent less than that of the previous year, in which a high deferred tax income was realized. The earnings per share were accordingly EUR 1.95.
Cash flow development continued to be very satisfactory. Operative cash flow was just below previous year levels at EUR 36.5 million due to lower accounts payable. The same applies for the free cash flow which, at EUR 29.8 million, was below the previous year’s level due to higher investments in international expansion. Net liquidity rose by more than half from EUR 28.8 million to EUR 44.3 million, while the company continues to be free of bank debt.
The forecast expected by the company for 2012 was thus achieved in terms of revenue (forecast: at least EUR 175 million), and exceeded in terms of EBITDA (forecast: at least EUR 39.3 million). The main reason for this is the positive development of the company in the second half of the year “Compared to the development in the first half of the year, which did not meet expectations, we have been able to regain ground” comments Tanja Tamara Dreilich, sole member of the executive board of Nemetschek AG, on the figures.The company thus also expects a positive development for 2013. Group revenue is consequently expected to rise to between EUR 185 and 190 million. EBITDA is expected to reach a level of EUR 42 to 44 million.
In detail the developments of the financial year 2012 are presented as follows on the basis of the preliminary figures:
|in EUR million||12/31/2012||12/31/2011||Δ abs.||Δ %|
|- of this licenses||85.8||81.3||4.5||5.6%|
|- of this maintenance||80.1||74.3||5.8||7.9%|
|- in % of revenues||23.2%||23.9%||-0.8%|
|- in % of revenues||16.6%||17.7%||-1.1%|
|Net income (group shares)||18.8||20.8||-2.0||-9.8%|
|Per share in €||1.95||2.16||-0.21||-9.8%|
|Operative cash flow||36.5||37.1||-0.6||-1.7%|
|Free cash flow||29.8||31.5||-1.7||-5.5%|
|Employees as of effetive date||1,229||1,173||56||4.8%|
The company will publish the complete results for the 2012 financial year as well as the 2012 annual report on March 28, 2013.