Mensch und Maschine Software SE: insider trades · Germany · BaFin

About Mensch und Maschine Software SE

Mensch und Maschine Software SE (M+M) is a European technology company focused on software and digitalization services for design, engineering, manufacturing, and construction workflows. The shares are listed on Xetra/Frankfurt (DAX/MDAX/SDAX) in Germany. Founded in 1984, the group built its business initially through the distribution of Autodesk software and gradually expanded into a broader CAD/CAM/CAE/PDM/BIM ecosystem. Its headquarters are in Starnberg, Bavaria, Germany, and the company operates through a substantial international footprint, with a particularly strong presence across the German-speaking region as well as offices in other European countries, the United States, Asia, and Brazil. ([mum.de](https://www.mum.de/-/media/mum/downloads/investor-relations/analysen/2025/2025-03-26-smc-studie-menschundmaschine_englisch.pdf)) The company’s business model is structured around two complementary segments. The Digitalization segment covers Autodesk resale/commission-based distribution, consulting, implementation, customized software solutions, and related hardware and services. The Software segment develops and sells proprietary software products, which are generally more profitable and represent the core of the group’s value creation. Key brands and subsidiaries include Open Mind, SOFiSTiK, DATAflor, and M+M Mechatronik, giving the group exposure to niche markets such as high-end CAM, 5-axis milling, BIM, civil and structural engineering software, and landscaping/digital planning tools. Management describes M+M as one of Europe’s leading providers in its addressed market universe. ([mum.de](https://www.mum.de/-/media/mum/downloads/investor-relations/analysen/2025/2025-03-26-smc-studie-menschundmaschine_englisch.pdf)) From a competitive standpoint, M+M benefits from a distinctive combination of distribution reach and proprietary software depth. The Digitalization business provides customer access, implementation capability, and recurring service revenues, while the Software business drives a disproportionately large share of operating profit thanks to its structurally higher margins. The group’s long-standing partnership with Autodesk remains strategically important, although Autodesk’s 2024 shift from a resale to a commission model changed the revenue presentation rather than the underlying economics. This transition explains why reported sales are less directly comparable over time, while gross profit and EBIT remain more relevant indicators for analysis. ([mum.de](https://www.mum.de/-/media/mum/downloads/investor-relations/analysen/2025/2025-03-26-smc-studie-menschundmaschine_englisch.pdf)) Recent corporate updates underscore a solid operating profile. In 2025 and early 2026, M+M reported several strong quarterly and half-year results, including record or near-record profitability, while noting that the temporary headwinds from the Autodesk model change were fading. The company also published its 2025 annual report on 17 March 2026 and Q1 2026 results on 21 April 2026. Strategic messaging has emphasized rising earnings, a generous dividend policy, and medium-term ambition to materially grow profit over the next several years. For international equity investors, M+M stands out as a German-listed software and digitalization specialist with a durable niche position, high software exposure, and a long operating history. ([mum.de](https://www.mum.de/investor-relations/investor-relations-english/company-news))