Nemetschek AG Expects Q1 Revenue Down 8% to 34M Euros

The EBITDA in the first quarter of 2009 amounted to 7.3 million euros after 8.0 million euros in the previous year, which corresponds to an EBITDA margin of 21.7 percent after 22.0 percent in 2008. The operating profit (EBIT) amounted to 4.8 million euros after 5.6 million euros in the previous year; the quarterly surplus amounted to 2.3 million euros after 2.9 million euros. The cash flow for the period increased slightly from 6.3 million euros to 6.8 million euros. The operative cash flow amounted to 9.5 million euros after 12.9 million euros in the previous year – the reason for this is the increased reduction in liabilities and the slight increase in receivables compared with December 31, 2008. The equity ratio of Nemetschek AG is still slightly above 40 percent, the liquid assets amount to 31.6 million euros. The company’s net debt is thus at around 18 million euros.

Outlook for fiscal 2009

With the results at hand for the first quarter the outlook for the year as a whole has crystallized somewhat. From today’s point of view a drop in revenues of between 5 and 10 percent for the Nemetschek Group over the year as a whole can be expected. In view of the cost measures that have already been initiated, however, the managing board expects to be able to maintain the operative margin (EBITDA margin) in 2009 in the region of 20 percent.

The full report for the first quarter of 2009 will be published on May 8, 2009, as announced.

Explanations

The worldwide economic downturn is leaving its mark on Nemetschek AG too. "We have nevertheless set ourselves the goal of keeping the operative margin largely stable. If the fall in revenues remains on this scale, then we should be able to achieve this goal", emphasizes Ernst Homolka, CEO of Nemetschek AG. He added that the company had reduced costs step by step in the past months and would continue to follow a policy of strict cost discipline without endangering the substance of the company.

Furthermore, he added that the large subsidiaries would be launching important product innovations on the market during the course of the year, which would address current issues such as building renovation and energy efficiency. "If the economic packages launched by various governments lead to the expected market recovery in the second half of the year, the Nemetschek Group will clearly benefit."

About Nemetschek

The Nemetschek Group is Europe’s largest vendor of software for architects, engineers and the building industry. Worldwide, the group’s companies support their customers with solutions for the complete lifecycle of buildings. These encompass the entire value chain – from design and visualization to the actual construction process to usage and occupancy. The closely interlinked software solutions facilitate interdisciplinary collaboration among all those involved in the building process and thus make the process itself more efficient.

Nemetschek products are used by more than 270,000 customers in 142 countries worldwide. The company was founded in 1963 by Prof. Georg Nemetschek and has more than 1,100 employees worldwide. Nemetschek AG, which has been listed since 1999, achieved revenues exceeding 150 million euros in fiscal 2008.

For more information, visit http://www.nemetschek.com.

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Nemetschek AG website

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Jul 30 - Nemetschek Allplan Appoints Ivan Koys to Head Int. Sales
Jun 4 - Japan's Forum 8 to Sell Nemetschek AG Products in Asia
May 28 - Nemetschek AG Hires Gray Holland as ‘Chief Design Officer’
May 18 - Allplan 2009 Architecture and Engineering Free for Schools
May 12 - Nemetschek Scia Unveils Scia Steel 2009 With 3D+
May 4 - Nemetschek AG Announces International User Contest Winners
Apr 28 - Nemetschek AG Expects Q1 Revenue Down 8% to 34M Euros
Apr 24 - Nemetschek AG Launches International Partner Program
Apr 23 - Nemetschek AG Unveils Allplan 2009 for Design Processes
Apr 23 - Nemetschek AG, Weto Introduce Timber Construction Modules
Mar 25 - Nemetschek AG to Suspend FY08 Dividend
Dec 5 - Nemetschek AG FY08 Revenue to be Flat at 146M Euros
Nov 3 - Nemetschek AG Q3 Revenue Up 8% to 35.6M Euros
Oct 23 - Nemetschek, 5S AG to Develop Green Design, Construction
Oct 14 - Nemetschek AG Picks Regine Petzsch to Head PR
Aug 15 - Nemetschek Scia Launches 6th International User Contest
Jul 31 - Nemetschek AG 1st Half Revenue Up 5% to 73M Euro

Source: Material used in press releases is often supplied by external sources and used as is.