Nemetschek SE : Good Q3 results based on subscriptions and internationalization; revenue in line with expectations; 9M EBITDA margin at upper end of target corridor
>Q3 recurring revenue up 26.4% yoy - Nemetschek SE (NEM) reported strong Q3 group sales up 19.8% yoy (+19.7% at constant currencies/cc) to € 114.9m in line with our estimate (€ 114.3m) and consensus/css (€ 114.6m) supported by acquisitions, also in the Manage segment, and continuing success with its internationalization strategy. Q3 organic growth remained above 15% at 17.0% yoy. Recurring revenue from software service contracts and subscriptions grew 26.4% yoy to € 5...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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