System.Data.Entity.Core.EntityCommandExecutionException: An error occurred while executing the command definition. See the inner exception for details. ---> System.Data.SqlClient.SqlException: Invalid column name 'AlsoVisibleInDomains'.
   at System.Data.SqlClient.SqlConnection.OnError(SqlException exception, Boolean breakConnection, Action`1 wrapCloseInAction)
   at System.Data.SqlClient.TdsParser.ThrowExceptionAndWarning(TdsParserStateObject stateObj, Boolean callerHasConnectionLock, Boolean asyncClose)
   at System.Data.SqlClient.TdsParser.TryRun(RunBehavior runBehavior, SqlCommand cmdHandler, SqlDataReader dataStream, BulkCopySimpleResultSet bulkCopyHandler, TdsParserStateObject stateObj, Boolean& dataReady)
   at System.Data.SqlClient.SqlDataReader.TryConsumeMetaData()
   at System.Data.SqlClient.SqlDataReader.get_MetaData()
   at System.Data.SqlClient.SqlCommand.FinishExecuteReader(SqlDataReader ds, RunBehavior runBehavior, String resetOptionsString, Boolean isInternal, Boolean forDescribeParameterEncryption, Boolean shouldCacheForAlwaysEncrypted)
   at System.Data.SqlClient.SqlCommand.RunExecuteReaderTds(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, Boolean async, Int32 timeout, Task& task, Boolean asyncWrite, Boolean inRetry, SqlDataReader ds, Boolean describeParameterEncryptionRequest)
   at System.Data.SqlClient.SqlCommand.RunExecuteReader(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, String method, TaskCompletionSource`1 completion, Int32 timeout, Task& task, Boolean& usedCache, Boolean asyncWrite, Boolean inRetry)
   at System.Data.SqlClient.SqlCommand.RunExecuteReader(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, String method)
   at System.Data.SqlClient.SqlCommand.ExecuteReader(CommandBehavior behavior, String method)
   at System.Data.Entity.Infrastructure.Interception.InternalDispatcher`1.Dispatch[TTarget,TInterceptionContext,TResult](TTarget target, Func`3 operation, TInterceptionContext interceptionContext, Action`3 executing, Action`3 executed)
   at System.Data.Entity.Infrastructure.Interception.DbCommandDispatcher.Reader(DbCommand command, DbCommandInterceptionContext interceptionContext)
   at System.Data.Entity.Core.EntityClient.Internal.EntityCommandDefinition.ExecuteStoreCommands(EntityCommand entityCommand, CommandBehavior behavior)
   --- End of inner exception stack trace ---
   at System.Data.Entity.Core.EntityClient.Internal.EntityCommandDefinition.ExecuteStoreCommands(EntityCommand entityCommand, CommandBehavior behavior)
   at System.Data.Entity.Core.Objects.Internal.ObjectQueryExecutionPlan.Execute[TResultType](ObjectContext context, ObjectParameterCollection parameterValues)
   at System.Data.Entity.Core.Objects.ObjectContext.ExecuteInTransaction[T](Func`1 func, IDbExecutionStrategy executionStrategy, Boolean startLocalTransaction, Boolean releaseConnectionOnSuccess)
   at System.Data.Entity.Core.Objects.ObjectQuery`1.<>c__DisplayClass41_0.<GetResults>b__0()
   at System.Data.Entity.SqlServer.DefaultSqlExecutionStrategy.Execute[TResult](Func`1 operation)
   at System.Data.Entity.Core.Objects.ObjectQuery`1.GetResults(Nullable`1 forMergeOption)
   at System.Data.Entity.Core.Objects.ObjectQuery`1.<System.Collections.Generic.IEnumerable<T>.GetEnumerator>b__31_0()
   at System.Data.Entity.Internal.LazyEnumerator`1.MoveNext()
   at System.Linq.Enumerable.ToDictionary[TSource,TKey,TElement](IEnumerable`1 source, Func`2 keySelector, Func`2 elementSelector, IEqualityComparer`1 comparer)
   at System.Linq.Enumerable.ToDictionary[TSource,TKey,TElement](IEnumerable`1 source, Func`2 keySelector, Func`2 elementSelector)
   at MuME2.Data.Managers.CachingManagerBase`2.GetDictionary() in D:\a\1\s\src\Legacy\MuME2.Core\Data\Managers\CachingManagerBase.cs:line 70
   at MuM.Foundation.Caching.Services.CustomCacheService.Get[T](String key, GetFromSourceDelegate`1 getDelegate) in D:\a\1\s\src\Foundation\Caching\code\Services\CustomCacheService.cs:line 260
   at MuME2.Data.Managers.CachingManagerBase`2.get_CachedDictionary() in D:\a\1\s\src\Legacy\MuME2.Core\Data\Managers\CachingManagerBase.cs:line 72
   at MuME2.Data.Managers.CachingManagerBase`2.All() in D:\a\1\s\src\Legacy\MuME2.Core\Data\Managers\CachingManagerBase.cs:line 67
   at MuME2.Data.Managers.EventTypeManager.All() in D:\a\1\s\src\Legacy\MuME2.Core\Data\Managers\EventTypeManager.cs:line 26
   at MuME2.Data.Managers.EventTypeManager.SingleByName(String name) in D:\a\1\s\src\Legacy\MuME2.Core\Data\Managers\EventTypeManager.cs:line 90
   at MuME2.Data.Managers.EventManager.SingleForDetails(Uri url) in D:\a\1\s\src\Legacy\MuME2.Core\Data\Managers\EventManager.cs:line 73
   at MuM.Project.Website.Services.SeoService.GetCurrentEvent() in D:\a\1\s\src\Project\Website\code\Services\SeoService.cs:line 216
   at MuM.Project.Website.Services.SeoService.GetCanonicalUrl(Base_Page page, String customHost) in D:\a\1\s\src\Project\Website\code\Services\SeoService.cs:line 188
   at MuM.Project.Website.Services.SeoService.RenderHrefLangTags(Base_Page page) in D:\a\1\s\src\Project\Website\code\Services\SeoService.cs:line 65
   at Mum.Relaunch.Web.Controllers.Framework.DefaultPageController.HtmlHead() in D:\a\1\s\src\Legacy\Mum.Relaunch.Web\Controllers\Framework\DefaultPageController.cs:line 111
   at lambda_method(Closure , ControllerBase , Object[] )
   at System.Web.Mvc.ControllerActionInvoker.InvokeActionMethod(ControllerContext controllerContext, ActionDescriptor actionDescriptor, IDictionary`2 parameters)
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.<>c.<BeginInvokeSynchronousActionMethod>b__9_0(IAsyncResult asyncResult, ActionInvocation innerInvokeState)
   at System.Web.Mvc.Async.AsyncResultWrapper.WrappedAsyncResult`2.CallEndDelegate(IAsyncResult asyncResult)
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.EndInvokeActionMethod(IAsyncResult asyncResult)
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.AsyncInvocationWithFilters.<InvokeActionMethodFilterAsynchronouslyRecursive>b__11_0()
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.AsyncInvocationWithFilters.<>c__DisplayClass11_1.<InvokeActionMethodFilterAsynchronouslyRecursive>b__2()
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.AsyncInvocationWithFilters.<>c__DisplayClass11_1.<InvokeActionMethodFilterAsynchronouslyRecursive>b__2()
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.EndInvokeActionMethodWithFilters(IAsyncResult asyncResult)
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.<>c__DisplayClass3_6.<BeginInvokeAction>b__3()
   at System.Web.Mvc.Async.AsyncControllerActionInvoker.<>c__DisplayClass3_1.<BeginInvokeAction>b__5(IAsyncResult asyncResult)

Mensch und Maschine Software SE discloses preliminary results 2022

Record year at the upper end of target corridors

  • Sales +20% / EBIT +23% / Net profit +22%
  • Dividend proposal 140 Cents / 2023 guidance confirmed
Wessling, February 9, 2023 – Mensch und Maschine Software SE (MUM - ISIN DE0006580806), a CAD/CAM/BIM specialist company, reached the upper end of the increased guidance and new record figures in 2022. Growth drivers were new business for M+M Software and renewal business in the VAR segment, in Q4 additionally driven by the end of discount for Autodesk 3YR contracts in January.
 
According to preliminary figures for 2022, group sales increased to approx. EUR 320 mln (PY: 266.16 / +20%). Gross profit climbed to approx. EUR 161 mln (PY: 138.42 / +16%), with approx. EUR 87.5 mln (PY: 76.13 / +15%) from M+M Software and approx. EUR 73.5 mln (PY: 62.29 / +18%) from the VAR Business.
 
Operating profit EBIT rose to approx. EUR 42.6 mln (PY: 34.69 / +23%), with approx. EUR 25.1 mln (PY: 21.36 / +18%) from M+M Software and approx. EUR 17.5 mln (PY: 13.33 / +31%) from VAR Business. Net profit after minority shares grew by +22% to approx. 26 mln (PY: 21.31), or 155 Cents (PY: 126) per share. Operating cash flows amounted to c. EUR 38.7 mln (PY: 36.91) or 231 Cents (PY: 218) per share. 
 
During the past 8 years since 2014, M+M increased sales and gross profit by an average 11% and 10% per year, respectively. As operating expenses only grew by c. 7% annually, EBIT and net profit were disproportionately increased by a sound 26% per year.
 
Chairman Adi Drotleff and CFO Markus Pech are completely satisfied with the 2022 financials and are already committing to a dividend proposal of 140 cents (PY: 120), also at the upper end of the forecast range.
 
Markus Pech additionally gives an outlook for the current year 2023: “We continue to expect an increase in net profit to 164-181 Cents/share. This means that we keep the original +14-20% p.a. forecast for 2022/23, resulting in a total +30-44% compared to the 126 Cents achieved in 2021.”
 
Remark: 
The final audited 2022 figures, which will be disclosed in the accounts press conference on March 14, 2023, may differ from the preliminary figures.

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