Mensch und Maschine reports record figures - dividend to rise.
Mensch und Maschine Software SE (M+M) has reported record results for the first nine months of 2024, driven by sales ahead of the launch of the new Autodesk partner model. Sales increased by 11.5 percent to 270.1 million euros, with a third quarter that saw an increase of 39 percent. Gross profit also reached a record level of 135.1 million euros, an increase of 7.2 percent compared to the previous year.
The operating result (EBIT) amounted to 38.1 million euros, exceeding the previous year's figure by 11%. Growth accelerated to 25% in the third quarter, following an increase of 6.3% in the first half of the year. Net profit after minority interests reached 24.4 million euros, an increase of 14.6 percent, while the third quarter alone grew by 31.5 percent. The operating cash flow continued its upward trend and reached 52.8 million euros.
The Management Board and Supervisory Board of Mensch und Maschine confirmed the annual targets for 2024 with planned gross profit growth of 8 to 10% and an increase in earnings per share of 10 to 20% to between EUR 1.89 and EUR 2.06. The dividend is expected to be between EUR 1.85 and EUR 1.95 per share. For 2025, M+M expects even stronger earnings growth of 12 to 25 percent and plans to increase the dividend by 25 to 35 cents.
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