DGAP-News: Mensch und Maschine Software SE discloses Q1 report

Fantastic start to fiscal year 2019
- Sales +30% / EBIT +39% / Net profit +38%

Wessling, April 29, 2019 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, had a fantastic start to fiscal year 2019: Dynamic organic +23% growth for sales and +26% for EBIT, together with strong numbers from new group member SOFiSTiK totaled +30% sales and +39% EBIT growth.

Group sales increased to EUR 63.17 mln (PY: 48.58 / +30% or +23% organic), with EUR 18.40 mln (PY: 14.02 / +31%) from M+M Software and EUR 44.77 mln (PY: 34.56 / +30%) from VAR Business.

Operating profit EBIT grew to EUR 8.16 mln, the highest quarterly result ever. Compared to the previous year's EUR 5.86 mln, EBIT growth was +39% total or +26% organic. Software contribution to group EBIT was EUR 4.79 mln (PY: 3.78 / +27%), while the VAR Business achieved EUR 3.37 mln (PY: 2.09 / +62%).

Net profit after minority shares jumped by 38% to EUR 4.87 mln (PY: 3.73), or 29 Cents (PY: 22) per share.

CEO Adi Drotleff is completely satisfied: 'The 2019 targets given in the annual report 2018 - sales to grow +15-20% to EUR 215-220 mln, EBIT +22-33% to EUR 24-26 mln and EPS +25-34% to 89-95 Cents - are now comfortably underlined by the good start to fiscal year 2019. Assuming we achieve these targets we plan to increase the dividend to 77-83 Cents, while in the annual shareholders' meeting on May 8, 2019, the dividend proposal for fiscal year 2018 will be 65 Cents (PY: 50).'