Annual Report 2001 13.02.2002 2.75 MB
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Umschl_GeBe_e.qxd 25.04.2002 18:38 Uhr Seite 2 Building the Future Annual Report 2001 Umschl_GeBe_e.qxd 25.04.2002 18:39 Uhr Seite 3 Nemetschek Group at a Glance 2001 2000 Change in million DM in million DM % Sales revenue 243.4 247.7 – 1.7 % Operating income 247.9 253.1 – 2.1 % Gross profit 217.6 210.7 3.3 % as % of sales revenue 89.4 % 85.1 % EBITDA 12.2 16.4 – 25.6 % as % of sales revenue 5.0 % 6.6 % EBIT – 86.8 –8.3 945.8 % as % of sales revenue – 35.7 % – 3.4 % Net income/DVFA/SG profit after goodwill amortisation – 90.9 –10.7 749.5 % per share in DM – 9.44 – 1.11 DVFA/SG result before goodwill amortisation and equity-results –2.2 8.2 – 126.8 % per share in DM – 0.23 0.85 Umschl_GeBe_e.qxd 25.04.2002 18:39 Uhr Seite 5 Nemetschek. Present Worldwide 160,000 customers world-wide. Represented in 142 countries. 14 international subsidiaries. 400 sales partners. More than 1,000 employees world-wide. Three European development centers. Nemetschek Country Representation (without Sales Partners) Image_GeBe_e_Einzelseiten.qxd 25.04.2002 18:41 Uhr Seite 3 DESIGN BUILD MANAGE POTENTIALS Foreword 4 Building the Future 6 Design 10 Build 14 Manage 18 Potentials 20 Consolidated Financial Statements of Nemetschek AG 25 Management Report 26 Report of the Supervisory Board 31 Balance Sheet 32 Profit and Loss Statement 34 Statement of Changes in Equity 35 Cashflow Statement 36 Notes to the Accounts 37 Development of Fixed Assets 58 Report of Independent Auditors 60 The Management 62 Masthead 65 3 Image_GeBe_e_Einzelseiten.qxd 25.04.2002 18:41 Uhr Seite 4 Gerhardt Merkel Chief Executive Officer Image_GeBe_e_Einzelseiten.qxd 25.04.2002 18:41 Uhr Seite 5 FOREWORD Setting the course for the future. Ladies and Gentlemen, Dear Shareholders, Nemetschek AG looks back on a difficult sales and marketing departments and period. While the economy as a whole the product portfolio are being com- has been weak, the construction indus- pletely overhauled and tailored to the try and thus our most important target new needs and requirements of our group was hit particularly hard. Invest- customers and business partners. ment stops, weak order books and business failures have lead to a serious The Group is undergoing a process of crisis in the building industry. In addi- restructuring as we set the course for tion, we have had to contend with an a successful future now. “Building the unexpected rise in reluctance to invest Future” is more than a slogan – it repre- in the IT sector. sents a concrete strategy for the future. We at Nemetschek are convinced that As a result of these developments, the we are on the right track to making sales and profit figures in fiscal 2001 Nemetschek AG into a strong, profitable were unsatisfactory. The managing and innovative company in the medium board reacted quickly and rigorously term. The managing board would like to this situation with a comprehensive to extend its thanks to all those contrib- package of measures. With our restruc- uting to the future of Nemetschek: turing program we are lowering costs, the employees for their commitment increasing productivity and increasingly and the shareholders for their trust. harnessing the syngergies across the Nemetschek – Building the Future. Group. The company organization, the See for yourself. Gerhardt Merkel 5 Image_GeBe_e_Einzelseiten.qxd 25.04.2002 18:41 Uhr Seite 6 Building the Future. Our Philosophy Our Core Competencies Nemetschek’s powerful team and will help advance our strategy in collabora- For 40 years, Nemetschek AG has suc- Our Group’s core competence is defined tion with our long-time industry experts. cessfully been developing products for by providing intelligent products and the construction industry. In the future, solutions for the design, construction based on the idea of being a full-service and management of buildings. The scope Our Strategy provider, we will offer our customers of our product palette is unique and not just products, but solutions for the compatible with almost all of our cus- Today, with more than 160,000 cus- entire lifecycle of buildings, from design tomers’ software environments. The con- tomers in more than 140 countries, to construction and management. The struction industry will remain the focus Nemetschek is Europe’s largest and construction industry’s future is charac- of our business strategy in the future, best performing AEC software vendor, terized by comprehensive, full range too. In addition, it is Nemetschek’s goal with high market penetration, recog- solutions. We support our customers to enter new markets and thus expand nized product quality and experienced as they meet their daily challenges – our competencies. employees. In the future, we will architects, civil engineers, building In addition to our leading products, our approach and support our customers contractors or facility and real estate employees are the key to our success. even more effectively. In the area of managers. We are dedicated to finding They are familiar with our customers’ key account customer management, the right solution with real added value needs and are instrumental in recogniz- we will strengthen our sales and offer for all of our respective customers. ing new trends. Moreover, during the integrated software solutions along with last year, the Nemetschek Group has consulting services to leading industry added new leadership and management companies, banks, insurance companies talent. Internationally experienced sales and to the public sector. We will also and marketing managers, as well as sales streamline our organizational structure and innovation strategists support so that we can serve our market even 6 Image_GeBe_e_Einzelseiten.qxd 25.04.2002 18:41 Uhr Seite 7 more effectively. Close management of media, a market that we are entering New markets also hold growth poten- the companies acquired since our IPO through the foundation of Nemetschek tials for us: For example, we are target- has resulted in better integration of (UK) Ltd. and Maxon Computer Ltd., ing new groups of customers outside these companies with the Nemetschek respectively. We will target the Spanish the construction industry with cost Group, with the objective of reaping market more aggressively as well. There management and controlling tools from more benefits from potential synergies. are also success stories from overseas: Apsis and with Maxon’s multimedia Due to the new management division Nemetschek North America, Inc. can animations. Our core target groups “Technology” and the newly created look back on the most successful year include consultants, IT service providers, “Corporate Development” division we in the company’s history. In the medium marketing and Internet agencies, as well control product development within the term, other promising markets of the as the film and TV industry. Group and focus our powers of innova- future include Belgium, The Netherlands, tion even more closely on the market’s Luxembourg, Scandinavia, Eastern A powerful organization that is in close requirements. Our modern, unified Europe and Russia. Thus, in coming touch with the market and exploits syn- market presence will emphasize our years, we will actively advance our ergy potentials, an organization with a solution competence in building design, internationalization plans and increase consistent international expansion strat- construction and management during the international share of our sales egy and a dedication to opening new outside communications as well. to 50 % from its current 34 %. To this business areas as well as to the continu- end, we will ready our IT solutions for ous evolution from product vendor to We have already secured a significant the global market and focus even more solution provider – these are the central share of the German market. It is now closely on internationalization during elements of Nemetschek’s strategy. All time to advance our international product development. of this stands for “Building the Future”. expansion. For example, we consider Great Britain one of Europe’s central markets for AEC software and multi- 7 Image_GeBe_e_Doppelseiten.qxd 25.04.2002 18:43 Uhr Seite 4 DESIGN BUILD 500 meters below this surface, another working day has just MANAGE come to an end. The only thing that the people working in the world's first underwater building do without is hectic. In the future, the elements we dwell in will change. And we will design, build and make use of new dimensions. Image_GeBe_e_Einzelseiten.qxd 25.04.2002 18:41 Uhr Seite 8 Comprehensive solutions with added value for architects and engineers. Highly demanding quality and creativity Nemetschek has already achieved a suc- requirements, tight schedules and cost- cessful market position, with products related pressures are challenges that such as Allplan FT for design, presenta- architects and engineers face on a daily tion and detailed planning, Allplot FT for basis. Given rising economic pressure in structural engineering and construction the construction industry, our customers and Allright FT for costing, tendering increasingly rely on professional, prac- and accounting. Around the world, tical software solutions. Drawing upon about 100,000 customers working in many years of experience in the con- architecture and planning rely on our struction industry, the Nemetschek comprehensive solutions and we are Group offers comprehensive software devoting hard work to the further devel- solutions to its customers. Together with opment, expansion and optimization of our high performance subsidiaries – these solutions. Considering the current acadGraph CADstudio GmbH, Friedrich + economic slump within the industry, Lochner GmbH, Glaser -isb cad- GmbH time and costs are becoming increas- and Nemetschek North America Inc. – ingly crucial competitive factors for we offer a range of products that is our customers. In addition, there are compatible with almost all software growing requirements with respect to environments. In the future, we will graphics and visualization, but also with continue to develop these solutions with respect to qualitatively superior results, an even stronger focus on our customers in order to define and guarantee con- and further expand our market position.