Mensch und Maschine’s FY17 results confirmed that its Software business continues to generate strong growth and margins. The VAR business managed to grow EBITDA despite the expected revenue decline, resulting in a record EBITDA margin for the group. With Autodesk back on a growth path after its transition to subscription licencing and the VAR business returning to growth in Q417, we see scope for profitability in the VAR business to improve further in FY18.
14 Mar 2018
Mensch & Maschine Software - VAR business reaches inflection point
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Mensch & Maschine Software - VAR business reaches inflection point
Mensch und Maschine Software SE (MUM:ETR) | 0 0 0.0%
- Published:
14 Mar 2018 -
Author:
Katherine Thompson -
Pages:
4
Mensch und Maschine’s FY17 results confirmed that its Software business continues to generate strong growth and margins. The VAR business managed to grow EBITDA despite the expected revenue decline, resulting in a record EBITDA margin for the group. With Autodesk back on a growth path after its transition to subscription licencing and the VAR business returning to growth in Q417, we see scope for profitability in the VAR business to improve further in FY18.