VAR acceleration boosts profitability

Mensch und Maschine Software 8 November 2019 QuickView
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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.

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