Mensch & Maschine Software - Proprietary software drives profit growth
Mensch und Maschine (M+M) reported strong revenue and profit growth in FY18. Its proprietary software business generated another year of growth and expanded operating margins above 23% for the first time. The VAR business saw a rebound in revenues (+17.5%) and, despite a lower gross margin, managed to grow its operating margin 1.6pp y-o-y. The recent increased investment in SOFiSTiK boosts the company’s construction software offering and adds high-margin proprietary software revenues.Mensch und Maschine Software is a global enterprise based in Germany. Its business activities are concentrated in the fields of CAD and CAM (Computer Aided Design & Manufacturing) solutions, which it divides into four industry segments: Mechanical engineering solutions segment (about 50% of Co.'s business); Construction industry and building services segment (approximately 25% of Co's activities); Gardening and landscaping segment (about 15% of Co.'s business); and the Electrical engineering segment (about 10% of Co.'s business). In addition, Co. divides its business operations into three sections: Distribution,VAR Business and Software.
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