Mensch und Maschine Software SE discloses preliminary results 2021
EBIT outperforming pre-crisis year 2019 by +27%
New records in 2021 / Dividend +20% to 120 Cents
Raising EPS and Dividend guidance for 2023
Wessling, February 9, 2022 – A strong closing quarter helped Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, to achieve new company records in the fiscal year 2021, outperforming the pre-crisis year 2019 by +27% at EBIT level.
According to preliminary figures for 2021, sales climbed to approx. EUR 266 mln (PY: 243.93 / +9% or +8% vs 2019), with approx. EUR 84 mln (PY: 75.61 / +11%) from M+M Software and approx. EUR 182 mln (PY: 168.38 / +8%) from the VAR Business.
Operating profit EBIT grew to approx. EUR 34.6 mln (PY: 31.03 / +11.5%), also a new company record. The growth was fairly equally contributed by Software at approx. EUR 21.3 mln (PY: 19.14) and VAR Business at approx. EUR 13.3 mln (PY: 11.90). Compared to 2019, EBIT increase by +27% was more than three times higher than the +8% sales growth.
Net profit after minority shares amounting to approx. EUR 21.3 mln (PY: 18.71 / +14%), or 126 Cents/share (PY: 111.5), also marked a new record. Relative to 2019, net profit grew by approx. +28%.
Operating cash flows, which during the year had remained slightly below the previous year, achieved approx. EUR 36.5 mln (PY: 33.73 / 2019: 26.35) or 216 Cents/share (PY: 201 / 2019: 157), setting a record at the final stage.
For M+M Chairman Adi Drotleff the clearly disproportionate EBIT increase during the challenging two Corona years is further proof of the agile cost control management in the M+M group, and he already commits to increase the dividend by +20% to 120 Cents. In addition, he raises the guidance: ‘Our +18-24 Cents net profit per share (EPS) target corridor for 2022 increases to +20-30 Cents for 2023, while the targeted dividend increase of +15-20 Cents for 2022 is extended to +15-25 Cents for 2023.’
The final audited 2021 figures, which will be disclosed in the accounts press conference on March 14, 2022, may differ from the preliminary figures.