Mensch und Maschine Software (MUM) Q3 2026 earnings summary

Executive summary

• 9M 2026 sales rose 6.9% to EUR 189.34 mln; gross profit fell 0.5% to EUR 134.99 mln and EBIT fell 0.7% to EUR 36.93 mln.

• Software growth, leaner costs and stronger operating cash flow offset Autodesk-related pressure; rising new sales eased the drag in Q3, with a strong final quarter expected.

Financial highlights

• 9M EBITDA rose 3.3% to EUR 46.51 mln; net profit fell 3.7% to EUR 23.38 mln and EPS fell 2.2% to 142 cents.

• Operating cash flow rose to EUR 27.72 mln from EUR 16.62 mln; cash flow per share increased to 168 cents from 99 cents.

Outlook and guidance

• 2026 targets are EPS of 211–226 cents, EBIT of EUR 54.5–58.5 mln and dividend of 220–240 cents; a strong Q4 could deliver the lower half of the ranges.

• Through 2030, annual targets are gross profit growth averaging 8% (range 6%–10%) and EBIT, EPS and dividend growth averaging 15% (range 11%–19%).

• EPS target is above 380 cents by 2030 versus 191 cents in 2025; the five-year goal is to double earnings, subject to market conditions and planning assumptions.