Report
David Vignon

NEMETSCHEK: Rapid growth in Q4 to close out a stellar 2021 – Weaker but still solid 22e expected | NEUTRAL | EUR98

NEMETSCHEK - NEUTRAL | EUR98
Rapid growth in Q4 to close out a stellar 2021 – Weaker but still solid 22e expected

Once again beating expectations in Q4, both on the topline and at the EBTIDA level
No official words on 2022 yet, but lower topline growth is to be expected
Underlying
Nemetschek SE

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.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
David Vignon

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