EQS-News: Mensch und Maschine Software SE presenting Q3 Report 2023
Wessling, October 19, 2023 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved the strongest nine months result in the company's history, with a record Q1 driven by high reselling business followed by the return to dominance of proprietary M+M business in Q2 and Q3, resulting in unchanged targets for 2023/24.
- Wessling, October 19, 2023 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, achieved the strongest nine months result in the company's history, with a record Q1 driven by high reselling business followed by the return to dominance of proprietary M+M business in Q2 and Q3, resulting in unchanged targets for 2023/24.
- After Q1 sales had been up +21% due to Autodesk’s 3YR final peak, the sales curve in Q2/Q3 was slower, as expected.
- The swing to proprietary business is clearly visible in gross yield development, which after 45.7% in Q1 jumped to 56.7% in Q2/Q3.
- Net profit after minority shares grew by +14% to 20.95 mln (PY: 18.39), or 125 Cents (PY: 109) per share.