Company News

Second strongest 9M in M+M’s history

• Autodesk transition now completed
• Targets reaffirmed: Q4 will be profiting from weak PY

Second strongest H1 in M+M’s history

• Retarding effects from system change are fading
• Earnings targets for 2025/26 again reaffirmed

Second best quarter ever in M+M’s history

• As expected: EBIT margin jump from 16.7% to 24.4%
• Ambitious targets for 2025/26E confirmed

High future investments and record cashflow

• Dividend 185 Cents / +12% - 75 Cents payable pre-tax
• Mid-term target: doubling earnings in 4-5 years

• Record cash flow +19% / Dividend proposal +12%
• Outlook 2025/26E: New earnings records expected

Record figures before new Autodesk model

• Final reselling boost in the third quarter
• EPS target path for 2024/25E confirmed at +17% p.a.

Record half year and successful go-live

• New Autodesk partner model coming mid September
• EPS and Dividend guidance for 2024/25E confirmed

Strongest quarter ever in M+M’s history

• Outstanding Q1/2023 all-time record profit exceeded
• Average EPS target path 2024/25E remains at +17%

Record figures despite inflationary headwinds

• 40 years M+M: anniversary dividend 165 Cents / +18%
• Average EPS target path 2024/25E remains at +17%

• New record year with very high cash flows
• Dividend proposal +14% / Positive outlook

Autodesk business on commission basis from H2/24

• No impact on M+M gross profit and earnings
• VAR cost of materials and sales go down, margins up

M+M proprietary business back to dominance

• Strongest 9M result in company’s history
• Unchanged positive guidance for 2023/24

Record half year figures after solid Q2

• Sales +11% / Gross profit +10% / EPS +15%
• Optimistic guidance for 2023 and 2024

Another best quarter ever in M+M’s history

• Sales +21% / Gross profit +12.5% / Profit +18%
• Profit target for full year 2023 clearly underlined

M+M: After the record is before the record

• EPS growth corridor +14-20% remains target for 2024
• Dividend 140 Cents can be paid out 50% tax-free
• Sustainability: Ecology and Economy in full harmony

• Sales +20% / EBIT +23% / Net profit +22%
• Dividend proposal 140 Cents / 2023 guidance confirmed