Mensch & Maschine Software


€700.7m market cap

€42 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 9M19 revenue growth of 30% year-on-year (23% organic) and EBIT growth of 40% (23% organic). The Software business revenue growth of 37% benefited from the first-time consolidation of SOFiSTiK in addition to organic growth of 12%. The VAR business has seen strong organic revenue growth year to date, resulting in EBIT margin expansion at a divisional and group level.

Share price graph
Price performance
Actual 23.9 38.6 78.0
Relative* 20.2 24.5 52.3
52-week high/low €42.1/€23.7
*% relative to local index
Key management
Adi Drotleff Chairman & CEO
Markus Pech CFO
Christoph Aschenbrenner COO