Nemetschek AG

ots Ad hoc-Service: Nemetschek AG

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    Munich (ots Ad hoc-Service) -  Nemetschek AG, one of the world's leading vendors of information technology and consulting services for building design, construc- tion and management, and fourth largest vendor of standard software in Germany, achieved a marginal increase in sales of 3.3% to DM 253 million in fiscal 2000 (previous year: DM 245 million).

    Increased expenses in the amount of DM 8 million for the development of the Internet subsidiary MYBAU.COM AG and additional goodwill amortization on top of increased expenses - in particular in recently added companies - led to an operating loss of DM 2.5 million. The insolvency of S 3 AG had an additional negative impact in the amount of DM 8.1 million. After subtracting minority interest, this resulted in a consolidated accumulated deficit of DM 10.7 million (consolidated profit in previous year: DM 17.3 million). The company thus failed to meet the ambitious sales and earnings targets it had set itself at the beginning of the business year. This was largely due to the weak construction economy, valuation adjustments for the affiliated company S3 AG, and investments in the subsidiary MYBAU AG.

    At DM -0.5 million, the DVFA/SG result before goodwill amortization is marginally negative (previous year: DM 22.7 million). Due to the substantial amount of amortization, Nemetschek Group achieved a positive cash flow of DM 17 million (previous year: DM 24.6 million). The capital fund at the end of the period totals DM 55.7 million (previous year: DM 133.1 million), which means that Nemetschek Group is in good financial shape. Equity capital exceeds 70 %. The current market capitalization is less than the reported net worth.

    In the year 2001, the focus within the Group will be on consolidation. The managing board has planned sales growth of 8% to DM 275 million and EBIT of DM 29 million. Nemetschek AG is due to return to its previous sales and profit strength in 2002.

    For further information: Investor Relations Herr Richard Höll Nemetschek AG Konrad-Zuse-Platz 1 81829 München Tel. 089/92793-1219 Fax 089/92793-5520

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