Nemetschek increases dividend

Nemetschek increases dividend after excellent annual financial statements for 2007

  • Shareholders to receive 0.65 euros per share
  • Marked increase in earnings in all business segments
  • Equity ratio at 33.7% (+24.9%) - Outlook cautiously optimistic 

Munich, March 27, 2008 – The Nemetschek Group is planning its fourth dividend payment in a row: the managing board and supervisory board will recommend a dividend of 0.65 euros per share at the general meeting on May 21, 2008. This corresponds to a payout of 6.3 million euros with 9.625 million shares. This results in a payout ratio of 63.5% based on the balance sheet profit of Nemetschek AG and a dividend increase of 16.0% compared to the previous year (0.56 euros).

In fiscal 2007 the Nemetschek Group posted its best ever results in terms of sales and EBITDA and thus managed to sustain the positive trend in recent years. The company is still on a growth course and has successfully completed the integration of Graphisoft.

Sales amount to 146.2 million euros, 36.0% above the previous year's value (107.5 million euros). Graphisoft contributes 32.5 million euros to Nemetschek’s overall sales. On an international level, sales rose by 50% to 92.6 million euros. The share contributed by operations abroad is thus almost two thirds of overall sales.

Earnings before interest, taxes, depreciation and amortization (EBITDA) for fiscal 2007 thus increased by 62.9 % to 33.6 million euros (previous year: 20.7 million years). The EBITDA margin, even by international standards, was increased to a superb 23.0% (previous year 19.2%). The EBIT rose by 34.3% to 23.9 million euros (previous year: 17.8 million euros). The EBIT of the Nemetschek Group is affected by depreciation from purchase price allocation amounting to 7.4 million euros (previous year: 0.5 million euros). The net earnings amount to 15.3 million euros (previous year: 14.4 million euros). The earnings per share rose to 1.52 euros (previous year: 1.41 euros).

The equity capital totals 62.9 million euros on the cut-off date (previous year: 55.1 million euros), thus resulting in an equity ratio of 33.7%. As of December 31, 2007, the balance sheet profit was 186.5 million euros after 204.1 million euros in the previous year.

Due to the current uncertainties regarding the economy’s willingness to invest, the outlook is naturally very conditional. The goals for 2008 and 2009 are cautiously optimistic. While retaining the excellent margins, the Nemetschek Group currently expects high single-digit growth in sales. Due to the repayments of the guaranteed loans, the interest charges will drop successively in the coming years; this will have a positive effect on the annual net income.

The supervisory board of Nemetschek AG has endorsed the consolidated financial statements.

The company will present the audited annual financial statements today, on March 27, 2008, as part of the press briefing on annual results in Munich.