Munich, April 28, 2008 – 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 real estate, again significantly increased sales and, in particular, earnings in the first quarter of 2008.
Respectable organic growth in sales
Sales in the first three months of the business year amounted to 36.4 million euros, which is 5.8% more than in the same period in the previous year. The ratio between sales in Germany and sales abroad in the first three months of the business year is a stable 34% to 66% respectively. Sales revenues abroad thus amount to 23.9 million euros. Despite the weak US dollar, sales at the subsidiary Nemetschek North America developed very positively in its markets. Sales in Germany continued to show a positive trend and increased slightly to 12.5 million euros.
Increase in EBITDA
Group earnings before interest, tax, depreciation and amortization (EBITDA) improved in Q1 of 2008 to 8.0 million euros (previous year: 7.1 million euros) and were thus up by 13.0%. The EBITDA margin thus increased to 22.0% (previous year: 20.6%) of sales. Developments in Q1 thus meet the target of establishing an EBITDA margin in excess of 20%. The operating profit (EBIT) rose by 20.7% to 5.6 million euros (previous year: 4.6 million euros). Net income (group shares) rose by 12.1% to 2.9 million euros (previous year: 2.6 million euros). The earnings per share improved from 0.27 euros in the previous year to 0.30 euros.
Strong cash flow from operating activities
The cash flow from operating activities amounts to 13.0 million euros (previous year: 12.3 million euros). As of March 31, 2008, the Nemetschek Group’s equity amounts to 64.3 million euros (March 31, 2007: 63.6 million euros).
The Q1 report for the period to March 31, 2008 will be published on May 9, 2008.