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Provider: Reuters Investment Profile
Provider: GlobalData

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Mensch und Maschine Software AG acquires headquarter building and improves EBITDA, EBIT, EBT and EPS forecasts for 2014

Tuesday, 7 Jan 2014 04:28am EST 

Mensch und Maschine Software AG:Announces that it has purchased its headquarter building in Wessling near Munich for 7.50 million euros as of Dec. 30, 2013, improving group earnings significantly from 2014 onwards.Says for the building, the latest annual rent under a long term leasing contract had been over 900,000 euros.Says the building will only account for 100,000 euros depreciation and 250,000 euros interest expense, resulting in an increase amounting to more than 0.9 million euros for EBITDA, 0.8 million euros for EBIT and more than 0.5 million euros for EBT.Says annual earnings per share (EPS) thus will be increased by more than 0.05 euros. 

Company Quote

0.049 +0.85%
24 Oct 2014