Nemetschek SE : Q1 earnings beat, suggesting they are ahead of 2023 guidance
>Better than expected Q1 2023 fuelled by the design segment - Yesterday morning NEM reported Q1 2023 earnings. Sales came to € 204.6m, up 6.5% yoy, +5.5% at constant forex. This was 3% higher than our estimate (€ 199.3m, up 2.5% at constant forex) and c.4% above the consensus (€ 197.2m). Sales were driven primarily by higher revenue in the design segment which came to € 104.2m (+12.1% yoy at constant forex), well above expectations (ODDO BHF estimate: € 98m and consen...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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