Mensch & Maschine Software

DB: MUM

€495.5m market cap

€29.7 last close

Mensch und Maschine Software (M+M) sells proprietary and Autodesk CAD/CAM software. It reports across two business lines: M+M Software (28% of FY16 revenues) and VAR (72% of FY16 revenues). The company has operations in Europe, the US and Asia-Pacific.

Investment summary

Mensch und Maschine (M+M) reported H119 revenue growth of 27% year-on-year, of which 20% was organic, and EPS growth of 27%. The Software business revenue growth of 34% benefited from the first-time consolidation of SOFiSTiK in addition to organic growth of 10%. The VAR business saw strong organic revenue growth in H1 resulting in EBIT margin expansion at a divisional and group level.

Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual (3.3) (10.0) 5.3
Relative* (9.6) (12.1) 3.1
52-week high/low €37.2/€23.6
*% relative to local index
Key management
Adi Drotleff Chairman & CEO
Markus Pech CFO
Christoph Aschenbrenner COO