Mensch und Maschine Software SE / Profit Warning
02.12.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Significant slowdown of growth rate in November
- UK slow, Germany and own Software still robust
Wessling, December 2, 2008 After a relatively strong October, Mensch und
Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist
company listed on the Prime Standard, realized a significant slowdown of
growth rate in the course of November, particularly from the trade revenue
in UK which became slower, while business in Germany, and from own
Software, continued to be robust.
'Under these changed conditions, we have reduced our sales growth
expectation for 2008 to 5-6%, and for operating earnings, EBITA, it would
be a positive success if we could hold the 7% growth rate achieved during
the first nine months,' M+M CEO Adi Drotleff comments. 'Bottom line, the
situation continues to be much better, because we have positive impacts
from the ECS disinvestment profit, decreased finance costs and a low tax
rate.'
Drotleff continues: 'After several record years in a row even 2008 will
be a sales and profit record year, in spite of the slowdown we enter the
economic downturn in very good condition. For the time being we will
concentrate on cost control and cash flows, in order to be able to
continue, after the end of the recession, our mid and long term goal of 15%
p.a. sales growth, combined with an operating margin improvement from the
current 5% to the 6-7% range.'
For 2008, M+M now expects sales amounting to approx. EUR 225 mln / +6% and
EBITA amounting to approx. EUR 10.7 mln / +7%. Earnings per share are
expected to come in at approx. 58 Cents / +23%, the dividend plan is 25
Cents / +25% (tax free). For 2009 no reasonable guidance is possible due to
the insecure market conditions.
DGAP 02.12.2008
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Language: English
Issuer: Mensch und Maschine Software SE
Argelsrieder Feld 5
82234 Wessling
Deutschland
Phone: +49 (0)815 3933-0
Fax: +49 (0)815 3933-100
E-mail: investor-relations@mum.de
Internet: www.mum.de
ISIN: DE0006580806
WKN: 658 080
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: Mensch und Maschine Software SE impacted by downturn
| Source: EQS Group AG