Mensch und Maschine Software SE
Mensch und Maschine Software SE makes use of low interest rates
DGAP-News: Mensch und Maschine Software SE / Key word(s): Miscellaneous 07.01.2014 / 10:28 --------------------------------------------------------------------- Profit rise through purchase of M+M headquarter building - EBITDA increase by more than EUR 0.9 million from 2014 onwards Wessling, January 7, 2014 - Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM specialist company, has purchased its headquarter building in Wessling near Munich for EUR 7.5 mln as of December 30, 2013, improving group earnings significantly from 2014 onwards. For the building, finished in 1993 and hosting approx. 150 of the more than 700 group employees, the latest annual rent under a long term leasing contract had been over KEUR 900. In the future, the building will only account for approx. KEUR 100 depreciation and approx. KEUR 250 interest expense, resulting in an increase amounting to more than EUR 0.9 mln for EBITDA, approx. EUR 0.8 mln for EBIT and more than EUR 0.5 mln for EBT beginning 2014. 'By bringing our headquarters building onto the balance sheet we make use of the low interest rate level and the fact that the prices for German commercial real estate have moved sideways in the past 20 years', M+M CEO Adi Drotleff happily states. 'M+M continues to improve its equity/debt financing mix, creating a leverage effect. Our annual earnings per share (EPS) thus will be sustainably increased by more than 5 Cents.' End of Corporate News --------------------------------------------------------------------- 07.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Mensch und Maschine Software SE Argelsrieder Feld 5 82234 Wessling Germany Phone: +49 (0)815 3933-0 Fax: +49 (0)815 3933-100 E-mail: investor-relations@mum.de Internet: www.mum.de ISIN: DE0006580806 WKN: 658 080 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 247031 07.01.2014
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