Nemetschek SE : Q1 2022 results far better than expected. 2022 guidance reiterated
>Q1 revenue 3% higher than expected thanks to the Media division - Nemetschek released its Q1 2022 results on Wednesday morning, beating market expectations. Group revenue grew by 17.5% y-o-y at cc to € 192m, exceeding forecasts by 3% (ODDO BHF € 186m, +15.0% at cc; consensus € 187m). Subscription/SaaS revenues amounted to € 45.2m, up 54.4% y-o-y at cc. We estimate that organic growth reached c.44%, which constitutes a very solid performance (ODDO BHF 40% organic...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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