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30.07.2010 07:00:00 - PRESS RELEASE: Nemetschek AG: Nemetschek increases forecast for 2010

	 

Nemetschek AG / Half Year Results 

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Corporate News 

Nemetschek increases forecast for 2010 

Revenues up by 9 percent in first half of 2010 / EBITDA margin of 25 
percent / Forecast for fiscal 2010 increased 

Munich, July 30, 2010 - In the first six months of 2010 Nemetschek AG (ISIN 
0006452907), Europe's largest vendor of software for architecture, civil 
engineering and the building industry, managed to increase year-on-year 
revenues by 9 percent to 71.2 million euros. The EBITDA increased by 36 
percent to 17.6 million euros and, for the first time in the company's 
history, the EBITDA margin was 25 percent. The group thus exceeded its own 
forecasts. The net income rose from 4.7 million euros to 9.1 million euros. 
The cash flow from operating activities amounted to 20.3 million euros, up 
from 13.6 million euros in the same period in the previous year. 

License sales up by 18 percent 

Compared with the first half of 2009 the group managed above all to 
increase revenues from license sales: these increased by 18 percent to 34.9 
million euros. However, in the first six months of 2009, at the height of 
the economic crisis, they had suffered a severe drop of 21 percent. 
Revenues from maintenance contracts increased in the first half of 2010 by 
5 percent to 32.1 million euros - thus continuing the positive trend from 
2009. In the foreign markets, which were particularly affected by the 
crisis in 2009, the group also managed to increase revenues significantly: 
they increased by 14 percent from 37.8 million euros to 42.9 million euros. 
The German market remained pleasantly stable with an increase in revenues 
of 3 percent to 28.4 million euros. 

The Design and Multimedia business units in particular showed significant 
growth: in the Design segment revenues rose by 10 percent to 58.4 million 
euros. The Multimedia division even managed to increase its revenues by 29 
percent to 4.5 million euros. With revenues of 6.5 million euros the Build 
business segment remained roughly at the same level as in the previous year 
(6.7 million euros). With sales of 1.8 million euros the Manage unit also 
posted a result similar to the same period in the previous year (2 million 
euros). 

EBITDA margin of 25 percent 

Thanks to the increase in revenues and ongoing cost discipline, the group 
achieved an EBITDA of 17.6 million euros (previous year: 12.9 million 
euros) in the first half of 2010. This is equivalent to an operative margin 
of 25 percent - up from 20 percent in the previous year. At 60.7 million 
euros the operating costs were only marginally higher than last year (59.0 
million years). This is largely attributable to revenue-dependent cost 
items such as an increase in dealer commissions. The operating profit 
(EBIT) amounted to 12.9 million euros compared with 8.1 million euros in 
the previous year. The financial result is marked by a special effect: the 
sale of 8 percent of the 30 percent holding in DocuWare AG (Germering) 
resulted in a gain of 1.6 million euros. 

The net income thus amounted to 9.1 million euros, up from 4.7 million 
euros in the previous year. The earnings per share (group shares, 
undiluted) are 0.92 euros, compared with 0.48 euros in the same period of 
the previous year. 

The good result of the first half of 2010 is also reflected in the cash 
flow: the cash flow from operating activities increased by 6.7 million 
euros to 20.3 million euros. The cash flow from investment activities 
amounted to -1.2 million euros, compared to -2.3 million euros in the first 
half of 2009. The free cash flow thus amounted to 19 million euros. 

Despite a dividend payment (4.8 million euros), loan repayments (5.3 
million euros) and interest payments (1.2 million euros), the liquid assets 
of the Nemetschek Group increased by 7.4 million euros compared with 
December 31, 2009. They thus exceeded the remaining loan amount from the 
Graphisoft acquisition (27.0 million euros) by 3.8 million euros. 
Nemetschek AG's equity ratio is 50.3 percent (December 31, 2009: 49.9 
percent). 

Forecast increased 

'After the significant drop in revenues in the first half of 2009 we are on 
the right track to recapture lost ground,' says Ernst Homolka, CEO, 
Nemetschek AG. 'The first half of 2010 was more successful than we had 
hoped for'. He added that this was all the more remarkable considering that 
Euroconstruct, the construction industry's research association, predicted 
a further decline in economic output in the European construction industry 
in 2010. 

Nemetschek AG was thus increasing its forecast for 2010 overall - despite 
the ongoing presence of several economic uncertainties. Instead of a growth 
in revenues of 3 to 5 percent the group now expects revenues to increase by 
7 to 9 percent. With this background and with a marginal increase in the 
cost level, the company is aiming for an EBITDA margin of around 24 percent 
in 2010. 'That would be the highest margin ever achieved by Nemetschek - 
even in the boom year 2007 it was only 23 percent,' emphasized Homolka. 



<pre> 

The Nemetschek Group at a 
glance 
INCOME STATEMENT - KEY	       6 months to June 30,   6 months to June 30, 
FIGURES 		       2010		      2009 
EUR millions	       EUR millions 
Revenues				       71.2		      65.2 
License sales			34.9		       29.7 
Maintenance		      32.1		     30.6 
Service & hardware			  4.2			 4.9 
Gross profit				       70.0		      63.4 
as % of revenue 				 98			97 
EBITDA					       17.6		      12.9 
as % of revenue 				 25			20 
EBIT					       12.9		       8.1 
as % of revenue 				 18			12 
Net income (group shares) 
Adjusted by PPA effects 		       11.6		       7.5 
per share in EUR			       1.21		      0.77 
Net income (consolidated			8.8		       4.6 
shares) 
per share in EUR			       0.92		      0.48 
CASH FLOW - KEY FIGURES        as of June 30, 2010    as of June 30, 2010 
EUR millions	       EUR millions 
Cash flow for the period		       16.0		      11.7 
Cash flow from operating		       20.3		      13.6 
activities 
Cash flow from investment		       -1.2		      -2.3 
activities 
BALANCE SHEET - KEY FIGURES    as of June 30, 2010    as of December 31, 
2009 
EUR millions	       EUR millions 
Net debt / Net cash				3.8		      -9.3 
Liquid assets				       30.8		      22.9 
Equity capital				       84.1		      79.6 
Equity ratio				      50.3%		     49.9% 
Headcount as of balance sheet		      1,049		     1,064 
date 


</pre> 

About Nemetschek 

The Nemetschek Group is Europe's leading vendor of software for 
architecture and construction. The graphical, analytical and commercial 
solutions cover a large part of the entire value chain in construction - 
from the planning and visualization of a building and the construction 
process itself through to building management. The software programs range 
from CAD solutions for architects and engineers to construction software 
for cost planning, tenders, awarding of contracts and execution. These are 
complemented by solutions for facility and real estate management as well 
as visualization software for architects and the movie industry. 

The company was founded in 1963 and employs 1.049 people worldwide. Its 
products are used by more than 300,000 customers in 142 countries 
worldwide. In 2009, Nemetschek achieved revenues of 135.6 million euros and 
an operating result (EBITDA) of 30.4 million euros. 

In case of queries, please contact: 

Nemetschek AG 
Head of Investor Relations 
Regine Petzsch 
Konrad-Zuse-Platz 1 
81829 Munich 
Germany 
Phone: +49 89 92793-1219 
Fax: +49 89 92793-5404 


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Language:     English 
Company:      Nemetschek AG 
Konrad-Zuse-Platz 1 
81829 München 
Deutschland 
Phone:	      +49 (0)89 92 793-0 
Fax:	      +49 (0)89 927 93-5200 
E-mail:       investorrelations@nemetschek.com 
Internet:     www.nemetschek.com 
ISIN:	      DE0006452907 
WKN:	      645290 
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr 
in Berlin, München, Düsseldorf, Stuttgart, Hamburg 

End of News					DGAP News-Service 
 

	Name	WKN	Börse	Kurs	Datum/Zeit	Diff.	Diff. %	Geld	Brief	Erster	Schluss
	NEMETSCHEK AG	645290	Frankfurt	24,90	02.09.10 14:53:24	+0,17	+0,69%	0,00	0,00	24,76	24,73