Nemetschek SE : Q2 2023 earnings slightly below expectations notably due to one-off charges
>Q2 revenue in line with expectations, with growth of 3% cc - Total revenue stands at € 207.5m, up 1.8% on a reported basis and 3.3% at cc. This is in line with our expectations (ODDO BHF: € 208.3m, 2.2% reported, 4.1% cc) and with the consensus (Css: € 207.9m, 2.9% reported, 2.9% cc). Subscription revenue stands at € 68.1m, up 46.7% cc, -3% below our expectations at € 70.3m (+50.5% cc); Software licences revenue stands at €40.4m, down -38.2% cc, -1% below our expecta...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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