Germany's Mensch und Maschine 9M sales rise on software segment growth

Mensch und Maschine Software SE

Tue 08:11

Overview
Germany CAD/CAM/BIM firm's 9M sales rose 6.9% yr/yr, led by M+M Software segment
Group gross profit dipped 0.5% as Digitization segment faced Autodesk headwinds
Company expects Autodesk drag to fade in Q4; medium-term targets maintained

Outlook
Company expects strong Q4 and aims for lower half of +11-19% 2026 earnings target range
Mensch und Maschine maintains target to double EPS from 2025 to over 380 cents in 2030
Company expects no further drag from Autodesk business from 2027 onwards

Result Drivers
AUTODESK HEADWINDS - Co said continued headwinds from Autodesk business weighed on Digitization segment gross profit
COST CONTROL - Expenses fell due to continued streamlining of the organization, supporting operating profit
STRONG CASH FLOW - Operating cash flow rose to EUR 27.72 mln, recovering after prior year impact from Autodesk contract billing timing

Company press release: ID:nEQ886ydqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Sales
 
EUR 189.34 mln
 
9M Net Income
 
EUR 23.38 mln
 
9M EBIT
 
EUR 36.93 mln
 
9M Group Gross Profit 
 
EUR 134.99 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)