Nemetschek SE : Middle of 2023 guidance range remains achievable despite a mixed Q2
>Q2 results a shade below expectations due to one-off costs - Nemetschek released its Q2 2023 results yesterday morning. Revenue totalled € 207.5m, up 3.3% at cc in line with expectations (consensus: € 207.9m, i.e. 2.9% y-o-y at cc; ODDO BHF: +4% at cc). The Design segment posted sluggish growth (3.9% at cc; ODDO BHF: +6% at cc) due to the “wait-and-see” attitude of customers in Europe and the acceleration of the migration to subscriptions. The weakness of Design is o...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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