Nemetschek SE : Good Q2 results based on subscriptions and internationalization; reiterated guidance expected to be upgraded after Q3
>Q2 SW licenses down -1.1% cc on tough yoy comps; exp to pick up in H2 - Nemetschek SE (NEM) reported Q2 group sales up 22.1% yoy (+18.0% yoy cc) to € 137.8m in line with cons (€ 137.4m) but shy of our estimate (ODDO BHFe: € 139.0m). Growth was supported by acquisitions and continuing success in the internationalization strategy. Q2 organic growth remained at 11.9% yoy cc (H1: 14.9% yoy cc), slightly below the targeted 13-15% CAGR guidance due to tough yoy comps. Thi...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.