Nemetschek SE

NEM0

Equity

ISIN US64045F1093 / Valor 110055293

Deutsche Boerse AG (2024-09-18)

EUR 16.50-1.20%

Nemetschek SE
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About company

Nemetschek SE is a leading provider of intelligent software solutions for the architecture, engineering, construction, and infrastructure industries. The company is at the forefront of digital transformation, offering innovative tools that cover the entire life cycle of construction projects. Through their OPEN BIM approach, Nemetschek Group promotes collaboration and transparency among stakeholders, ensuring the longevity and accessibility of data for built assets. The company has been a strong advocate for industry standards and open data interfaces, fostering smooth collaboration and fair competition within the industry. Nemetschek Group's commitment to innovation and industry collaboration is reflected in their active participation in leading industry associations and institutions.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Nemetschek SE reported a significant increase in Group revenue for the second quarter of 2024, reaching EUR 227.7 million, which represents a 9.7% growth compared to the same period last year. For the first half of 2024, the Group revenue increased by 9.6% to EUR 451.6 million.

Subscription and SaaS Revenue

In the second quarter of 2024, Nemetschek SE saw a remarkable 82.9% year-on-year increase in revenues from subscription and SaaS offerings, amounting to EUR 124.6 million. For the first half of the year, these revenues grew by 74.9% to EUR 230.9 million, significantly boosting the share of recurring revenues to over 85%.

EBITDA Performance

The earnings before interest, taxes, depreciation, and amortization (EBITDA) for Nemetschek SE in Q2 2024 increased by 9.5% year-on-year to EUR 61.4 million. For the first half of 2024, EBITDA grew by 10.8% to EUR 129.7 million, resulting in a margin of 28.7%, aligning with the company's outlook for the year.

Net Income

Nemetschek SE's net income for the second quarter of 2024 grew significantly by 27.7% to EUR 41.9 million, translating to earnings per share of EUR 0.36. For the first half of the year, net income increased by 22.3% to EUR 84.5 million, with earnings per share reaching EUR 0.73.

Outlook for 2024

Following a successful first half of 2024, Nemetschek SE has confirmed its previous guidance for the operational business, expecting a currency-adjusted, organic revenue growth of 10% to 11% for the full year. The annual recurring revenue (ARR) is forecasted to grow by around 25%, with the share of recurring revenue expected to increase to around 85%.

Summarized from source with an LLMView Source

Key figures

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