Brief: Mensch und Maschine Software FY net profit jumps 70 pct

Mensch und Maschine Software SE

13/03/2017 06:55

March 13 (Reuters) - Mensch Und Maschine Software SE  MUMG.DE : 
    * Guidance renewed - EPS 100 cents targeted for 2020 
    * FY sales amounted to 167.07 million euros ($178.82 million) (previous year: 160.38 / +4.2 
percent) 
    * FY EBITDA before depreciation, amortization, interest and taxes grew to a disproportionate 
15.76 million euros (previous year: 12.81 / +23 percent) 
    * FY group EBIT climbed to 12.49 million euros (previous year: 8.47 million euros / +47 
percent) 
    * FY net profit after minority shares jumped by 70 percent to 6.59 million euros (previous 
year: 3.87 million euros), or 40 cents (previous year: 24 cents) per share 
    * To pay a dividend increased by 40 percent to 35 cents (previous year: 25 cents) 
    * Assuming we achieve these targets we plan to raise dividend for year 2017 to 45-50 cents, 
for 2018 to about 60 cents and then annually by additional 10-15 cents 
    * In 2018 expects group gross margin to grow by 11-12 percent to around 110 million euros, 
EBITDA adding around 4 million euros to around 22 million euros, net result around 11.5 million 
euros or 70 cents per share 
    * Mensch und Maschine Software - from 2019 onwards annual 3 million - 4 million euros EBITDA 
increase is targeted to correspond with an annual 2 million - 3 million euros / 13-20 cents per 
share net profit improvement, by 2020 net profit should reach 1 euro per share 
 
Source text for Eikon:  ID:nEQbL0wty  
Further company coverage:  MUMG.DE  
 
($1 = 0.9343 euros) 
 
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