Mensch und Maschine (M+M) reported H119 revenue growth of 27% year-on-year, of which 20% was organic, and EPS growth of 27%. The Software business revenue growth of 34% benefited from the first-time consolidation of SOFiSTiK in addition to organic growth of 10%. The VAR business saw strong organic revenue growth in H1 resulting in EBIT margin expansion at a divisional and group level.
25 Jul 2019
Mensch & Maschine Software - VAR acceleration boosts profitability
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Mensch & Maschine Software - VAR acceleration boosts profitability
Mensch und Maschine Software SE (MUM:ETR) | 0 0 0.0%
- Published:
25 Jul 2019 -
Author:
Katherine Thompson -
Pages:
5
Mensch und Maschine (M+M) reported H119 revenue growth of 27% year-on-year, of which 20% was organic, and EPS growth of 27%. The Software business revenue growth of 34% benefited from the first-time consolidation of SOFiSTiK in addition to organic growth of 10%. The VAR business saw strong organic revenue growth in H1 resulting in EBIT margin expansion at a divisional and group level.