Germany's Mensch und Maschine H1 sales rise on strength in M+M Software segment

Mensch und Maschine Software SE

21/07/2026 08:11

    

    Overview
  
Germany CAD/CAM/BIM specialist's H1 sales rose 8.2% yr/yr, driven by M+M Software growth
Net profit and EPS increased modestly, operating profit up 5.2% yr/yr
Company confirmed full-year 2026 EPS and EBIT targets despite Digitization segment headwinds

    

    Outlook
  
Company confirms 2026 EPS target of 211-226 cents and EBIT of EUR 54.5-58.5 mln
Company plans 2026 dividend of 220-240 cents after 200 cents for 2025
Company maintains medium-term goal to double earnings by 2030, targeting EPS above 380 cents

    

    Result Drivers
  
M+M SOFTWARE GROWTH - Strong sales and gross profit growth in M+M Software segment drove overall results
COST DISCIPLINE - Workforce consolidation kept operating costs flat, supporting profit growth despite headwinds
DIGITIZATION SEGMENT IMPACT - One-time effect in Autodesk business led to a drop in Digitization segment gross profit

    
Company press release: ID:nEQ25Rxk0a

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Sales
 
EUR 130.75 mln
 
H1 EBIT
 
EUR 28.14 mln
 
H1 Gross Profit
 
EUR 95.09 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Mensch und Maschine Software SE is €59.00, about 67.1% above its July 20 closing price of €35.30
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

    

    Reuters Recommended Reads
  
July 20 - Germany's IVU Traffic Technologies H1 profit jumps, raises FY EBIT outlook
July 20 - Germany's STEICO H1 EBIT falls 31% as costs rise, confirms FY outlook
July 21 - Switzerland's Schindler H1 EBIT margin rises; reaffirms outlook

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)