Germany's Mensch und Maschine 9M sales rise on software segment growth

Overview

• Germany CAD/CAM/BIM firm's 9M sales rose 6.9% yr/yr, led by M+M Software segment

• Group gross profit dipped 0.5% as Digitization segment faced Autodesk headwinds

• Company expects Autodesk drag to fade in Q4; medium-term targets maintained

Outlook

• Company expects strong Q4 and aims for lower half of +11-19% 2026 earnings target range

• Mensch und Maschine maintains target to double EPS from 2025 to over 380 cents in 2030

• Company expects no further drag from Autodesk business from 2027 onwards

Result Drivers

• AUTODESK HEADWINDS - Co said continued headwinds from Autodesk business weighed on Digitization segment gross profit

• COST CONTROL - Expenses fell due to continued streamlining of the organization, supporting operating profit

• STRONG CASH FLOW - Operating cash flow rose to EUR 27.72 mln, recovering after prior year impact from Autodesk contract billing timing

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)