Nemetschek SE : Transition to subscriptions offers visibility for 2024
>Confidence for 2024 despite the uncertain environment - Nemetschek yesterday morning reported its definitive Q4 2023 results, which were in line with the pre-release in February (sales, ARR and group EBITDA) and clarified its guidance for 2024. In the conference call, management was broadly confident in its capacity to deliver on this guidance. For 2024, the group anticipates constant currency growth of between 10% and 11%. This tighter range than in the last few yea...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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