Germany · Delayed Price · Currency is EUR Nemetschek SE Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 saw robust growth and profitability, led by recurring revenue and strategic AI initiatives, with the HCSS acquisition expanding market reach. Guidance for FY 2026 is confirmed, with strong performance in build and design, while media remains challenged.
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Q1 2026 saw double-digit revenue and ARR growth, strong Build and Design segment performance, and a record 95% recurring revenue share. The HCSS acquisition will expand market reach and profitability, while 2026 guidance for 14–15% organic growth and 32–33% EBITDA margin is reaffirmed.
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Nemetschek is acquiring HCSS to create a global construction tech leader, expanding its market by 30% and strengthening its North American presence. The deal, structured with Thoma Bravo as a minority partner, targets over EUR 1 billion revenue and 40%+ EBITDA margin by 2028, with significant synergies and AI-driven growth.
Fiscal Year 2025
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Record 2025 results featured 19.7% revenue growth to €1.19B, driven by Build and Design segments, with recurring revenues at 92% and strong cash conversion. 2026 guidance targets 14–15% organic growth and 32–33% EBITDA margin, supported by AI innovation and international expansion.
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Q3 and nine-month results showed strong revenue and profit growth, led by subscription and SaaS transitions, especially in Design and Build. AI innovation, robust cash flow, and a solid balance sheet underpin a confirmed 2025 outlook for 20–22% revenue growth.
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Strong H1 2025 results with revenue up 26.8% and recurring revenues at a record 93%. Raised 2025 guidance to +20–22% growth, driven by robust Design and Build segments, successful SaaS transition, and GoCanvas integration.
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Q1 2025 saw high double-digit revenue growth, driven by strong recurring revenue and successful SaaS transition, with adjusted EBITDA margin at 31.4%. GoCanvas integration and international expansion fueled growth, while a one-off payment provider insolvency impacted results but is expected to diminish.
Fiscal Year 2024
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Revenue grew 14% organically to €996M, with ARR up 42% including GoCanvas. Recurring revenue hit a record 86.5%, and EBITDA margin exceeded guidance. 2025 outlook targets 17–19% revenue growth and 31% margin, with continued investment in innovation and international expansion.
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Strong Q3 and nine-month results driven by recurring revenue growth, successful SaaS transition, and the integration of GoCanvas. Guidance for 2024 and 2025 remains confident, with robust performance in Build and Design segments, despite macroeconomic headwinds.
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H1 2024 saw strong revenue and profit growth, driven by rapid SaaS transition and the GoCanvas acquisition. Recurring revenue hit 85%, with subscription/SaaS now over half of total revenue. 2024 guidance is confirmed, with high single-digit Q3 growth and a strong Q4 expected.
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The acquisition of a leading SaaS provider for digital field solutions in construction is Nemetschek's largest deal, expanding its Build segment and accelerating its SaaS transition. Significant synergies, cross-selling, and rapid margin improvement are expected, with closing targeted for summer 2024.