Nemetschek: Q3 earnings meet expectations
This morning, Nemetschek published Q3 results very slightly above consensus and IRIS estimates, again showing the strength and resilience of its activities. The quarter was marked by the start of consolidation of GoCanvas, pushing reported growth to 15.1%, while organic growth came in at 8.9%. WhilNemetschek 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.
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