Nemetschek SE : Very solid set of Q3 earnings, with revenue 2% above expectations, driven by a stellar performance from the Build segment. FY guidance reiterated
>Q3 2024 results above expectations for revenue - Nemetschek just posted a very solid set of Q3 earnings, with revenue 2% above expectations, driven both by a better organic growth (8.9% vs 8.0%e) and a higher contribution from GoCanvas (7pts vs 6pts expected). This stronger top line was driven by the Build segment, which is up 15.0% org (vs 11.0%e) and also benefits from the higher contribution from GoCanvas. Other divisions performed roughly in line with expectation...Nemetschek is a holding company. Through its subsidiaries, Co. is a software provider for the architecture, engineering, construction, and management industry. Co.'s business activities comprises of 12 brands, which provide solutions for architects, structural designers, and civil and specialist engineers as well as software for cost and schedule planning, tenders, awarding of contracts, invoicing, and execution of building work. There are also solutions for technical facility management and commercial property management as well as for architecture, film, animation and advertising visualization software. Co. organizes its operations into four segments: Design, Build, Manage and Multimedia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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