Report
Nicolas David

Nemetschek SE : Q4 looking challenging but the risk-reward profile is improving sharply

>Q4 looks challenging, pointing to the low end of the full-year guidance - Nemetschek is due to report its Q4 2022 results on 23 March before the market open. We look for Q4 revenues of € 204m, an increase of 4.1% y-o-y at constant currencies, -3% below the consensus (€ 210m, or growth of +6.7% at cc). This strong slowdown (vs 11.8% in Q3) is mainly due to i/ the more-marked-than-expected impact of the transition to subscriptions for the Bluebeam brand on growth in th...
Underlying
Nemetschek SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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