Nemetschek SE : Q2 2022 earnings beat expectations. 2022 guidance reiterated
>Q2 revenues 3% above expectations thanks to subscriptions - On Thursday morning Nemetschek reported Q2 2022 results that beat market expectations. Group revenues came to € 204m, up 16.4% y-o-y at cc, or 3% above expectations thanks to more favourable forex but also thanks to a better performance at constant currencies (ODDO BHF: € 197m, up 15.2% at cc; consensus: € 197m). Subscription/SaaS revenues continue to drive the group’s results at € 47.3m, up 47.8% y-o-y...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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