Successful 1st quarter - Nemetschek increases operating profit by 50 %
Increased organic growth in sales
In the first three months of the current fiscal year, sales reached 23.8 million euros, thus exceeding the previous year's level (22.2 million euros) by 7.3 %. Q1 was marked by increased organic growth in all of the business units in the Nemetschek group. Foreign sales increased to 13.6 million euros in Q1 (equivalent to 57.5 % of overall sales; previous year: 11.6 million years) and grew significantly, like in the previous year. Sales in France, Austria and North America developed particularly positively. Sales in Germany showed the first positive trends for the first time since years of cyclical downturn. The acquisition of the Belgian SCIA International nv and the disinvestment of acad Graph CAD Studio GmbH almost counter-balanced each other in terms of sales.
Earnings up by 50 %
The operating profit (EBIT) rose by 50 % to 3.0 million euros (previous year: 2.0 million euros). The earnings per share improved by 56 % to 0.24 euros (previous year: 0.15 euros). Net income (group shares) rose significantly to 2.3 million euros (previous year: 1.5 million euros). One of the main reasons for this increase is the improvement of gross profit with only a marginal increase in costs.
Equity capital at 50.5 million euros
The cash flow for the period improved by 24 % to 3.6 million euros (previous year: 2.9 million euros). The liquid assets amounted to around 27.2 million euros on March 31, 2006, while the equity capital was 51 million euros (December 31, 2005: 48.1 million euros). This is equivalent to an equity ratio of 57 %.
The full interim report will be published on May 12, 2006.
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