Nemetschek AG

ots Ad hoc-Service: Nemetschek AG Nemetschek AG launches large-scale Internet project: subsidiary due to go online this year

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    München (ots Ad hoc-Service) -         Nemetschek AG, one of the world's leading vendors of information technology and consulting services for building design, construction and management, and third largest vendor of standard software in Germany will enter the Internet business market this year with its subsidiary In addition to its highly profitable core business, the company plans to focus increasingly on Internet- based e-business. The short-term objective is to model all the processes involved in the design, construction and management of buildings on a B2B Internet platform and thus set new standards for an entire industry. Nemetschek AG is already a successful player in e-business: with an e-shop that includes 17,000 products ranging from hardware and software to expendables. With for online project communication and project management, with electronic document management and computer aided selling. The subsidiary AG is at the heart of the new development. will be the leading marketplace and business magnet for e-commerce, e-business and e-services in the high-volume building industry.

    1999 business year: sales up by 41 per cent The Nemetschek Group is one of the leading solution providers of information technology for the design, construction and management of buildings and real estate. More than 160,000 customers in 80 countries on all continents use standard software from Nemetschek in 14 languages. In the 1999 business year, the Group successfully strengthened its market position in all business units. Invoiced Group sales rose to DM 245 million from DM 173 million in 1998. The companies acquired in 1999 contributed DM 18 million to sales. The Group's sales figures do not include the DM 30 million generated by associated companies. Growth was largely based on a domestic increase of 50%, which also resulted from the acquisitions made. Sales abroad increased by 20%.

    Earnings more than doubled With an increase of 108% to DM 37 million, the operating profit in the 1999 business year was "superb". The profit-turnover ratio rose to more than 15%. Earnings before taxes increased to DM 38 million. This represents an increase of 125%. The rapid increase in sales and profit has resulted in an increase per share from DM 0.94 to DM 1.79. The result per share before goodwill amortization is DM 2.35 compared with DM 0.99 in 1998. These results are calculated based on 9,625,000 shares.

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