Making steady progress
Mensch und Maschine (M+M) saw a revenue decline in H117 (-4.8% y-o-y). Software growth of 9% y-o-y was outweighed by the expected decline in the VAR business resulting from the shift in the Autodesk licensing model. Gross and EBITDA margins increased y-o-y, with a 26% increase in EPS. Management has maintained its outlook for 2017 and beyond.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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