Nov 3 - Nemetschek AG Q3 Revenue Up 8% to 35.6M Euros

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Nemetschek AG Q3 Revenue Up 8% to 35.6M Euros

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MUNICH, Germany, Nov 3, 2008 - The Nemetschek Group (ISIN 0006452907), a leading vendor worldwide for information technology for the design, construction and management of buildings, will publish provisional figures for the third quarter today.

According to the figures, revenues in the first nine months increased by 6% to 109.0 million euros. Adjusted to take currency fluctuations against the US Dollar into account growth would have been 7.5%. The Design segment accounted for the largest revenue contribution with an increase in revenues of 6.5% at 90.2 million euros. Compared with the same period in the previous year, sales abroad increased by 4.7% to 67.7 million euros and thus accounted for roundabout two thirds on the group’s overall sales. Year-on-year revenues increased by almost 8 % to 35.6 million euros in the third quarter of 2008.

EBITDA up by 7 percent

The operating result (EBITDA) increased by 7% to 22.7 million euros in the first nine months, compared with 21.2 million euros in the same period of the previous year. This corresponds to an EBITDA margin of 20.8%, compared with 20.6% in the same period of the previous year. Year-on-year, EBITDA improved from 7.3 million to 7.5 million euros. The EBITDA margin in the third quarter is thus at 20.3%. The earnings per share for the first nine months of 2008 amount to 0.93 euros.

Sustained high period cash flow

In the first nine months of 2008, the group achieved a period cash flow of 20.5 million euros, up from 19.4 million euros in the same period in 2007. The cash flow from operating activities amounts to 22.8 million euros, up from 19.3 million euros in the first nine months of 2007.

Outlook

The concrete effects of the looming economic crisis are currently difficult to assess. Based on the available figures and its experience to date, the company management currently assumes that it can, in principle, maintain the goals for the current business year. Nemetschek AG expects to achieve medium single-digit revenue growth with a stable EBITDA margin of more than 20%. The Q3 report for the period to September 30, 2008 will be published on November 7.

Explanations

Owing to its robust business model and the successful first nine months, Nemetschek AG stands by its plans for 2008. The company has a broad customer base and generates around 35% of its revenues from perennial software maintenance contracts, primarily in Europe. Furthermore, the company’s software solutions lead to a significant increase in efficiency among its customers. This is exactly what is called for in times of crisis. “With this in mind we are cautiously optimistic,” says Ernst Homolka, CEO of Nemetschek AG. “In view of the enormous uncertainty on the markets, concrete forecasts are more difficult than ever.”

About Nemetschek

The Nemetschek Group is a leading international IT company in the AEC sector (Architecture, Engineering, Construction). The technology group develops integrated solutions for the complete life cycle of buildings and real estate – from building design and construction through to facility management. The company’s products are currently used by more than 270,000 companies in 142 countries and in 16 languages to optimize the complete building creation and management process in terms of quality, cost and time. Nemetschek was founded in 1963 by Prof. Nemetschek and has more than 1,100 employees worldwide. In fiscal 2007, the group achieved revenues of 146 million euros.

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

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