Mensch und Maschine Software SE discloses preliminary Q1 figures

Mensch und Maschine Software SE / Key word(s): Quarter Results

23.04.2012 / 10:45

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Strong start of M+M's new fiscal year 2012
- Software / VAR D/A/CH segments: EBITDA +91% / +39%
- Group EBITDA above Q1/2011 in spite of exit from Distribution

Wessling, April 23, 2012 - Mensch und Maschine Software SE (MUM - ISIN
DE0006580806), a CAD/CAM specialist company, started the new fiscal year
strongly. In Q1/2012, sales in the continued segments M+M Software and VAR
D/A/CH rose by 21% and 15% to approx. EUR 8.2 mln (PY: 6.81) and approx.
EUR 20.1 mln (PY: 17.55), respectively. Operating profit EBITDA before
depreciation, amortization, interest and taxes jumped to approx. EUR 1.7
mln (PY: 0.89 / +91%) and approx. EUR 1.1 mln (PY: 0.79 / +39%),
respectively.

The VAR Europe segment, which is in transition from the former Distribution
segment, so far did not contribute significantly, with sales amounting to
approx. EUR 1.7 mln (PY: Distribution 34.7), as the planned acquisitions
will be closed during Q2/Q3. Due to a pro rata contribution from last
year's sale of Distribution business, EBITDA however stayed in the black,
amounting to approx. EUR 0.2 mln (PY: Distribution 1.16).

Group EBITDA amounting to approx. EUR 3.0 mln (PY: 2.85) was higher than in
Q1/2011, though group sales without the Distribution business nearly halved
to approx. EUR 30.0 mln (PY: 59.06). Due to the new business model's
significantly higher added value, group gross margin amounting to approx.
15.7 mln was just approx. 16% below last year's EUR 18.64 mln, with the
following contributions: M+M Software segment approx. EUR 7.4 mln / +21%,
VAR D/A/CH approx. EUR 8.0 mln / +18% and VAR Europe approx. EUR 0.3 mln
(PY: Distribution 5.60).

The EBITDA margin in the group thus doubled to approx. 10% (PY: 4.8%),
while the group gross yield jumped to approx. 52% (PY: 31.6%).

'Our first quarter 2012 did not reflect the economy pessimists' opinion'
M+M CEO Adi Drotleff happily states. 'Therefore we are confident from
today's point of view that our 2012 targets - EUR 150 mln sales, EUR 13 mln
EBITDA, EUR 5 mln net earnings and 30 Cents EPS - are achievable.'

Attention: Due an ongoing technical update within M+M's group IT, the
detailed Q1 report including P&L, balance sheet, cash flow statement and
notes exceptionally will be delayed until mid of May. The final figures can
slightly differ from the preliminary figures disclosed in this document.


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Language:    English                                                 
Company:     Mensch und Maschine Software SE                         
             Argelsrieder Feld 5                                     
             82234 Wessling                                          
             Germany                                                 
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:      Freiverkehr in Berlin, Düsseldorf, Hamburg, München     
             (m:access), Stuttgart; Open Market (Entry Standard) in  
             Frankfurt                                               
 
 
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