Nemetschek AG, the German CAD software and services company known for ALLPLAN and VectorWorks, is reporting today that corporate net income in 2005 was up 34.7% over 2004. Shares of Nemetschek stock rose 5% on the news, to 17.86€.
For years Nemetschek suffered from slow sales and a cumbersome internal structure that robbed it of profits. Proof that Nemetschek is on the right track with operations can be seen when comparing the growth in net income to the growth in sales year-over, which was only 2.2 percent.
Net income in 2005 was €11.7 million, (up from €8.7 million in 2004), on sales of €98.9 million (up from €96.6 million in ‘04). Earnings per share was €1.21, compared with €0.90 in 2004. Nemetschek reports this is “the best net profit for the Nemetschek group since its inception.”
Nemetschek management is proposing a dividend payment of €0.65 per share, to be voted on at the annual company meeting in May.
--RSN