Germany · Delayed Price · Currency is EUR Nemetschek SE Earnings Call Transcripts
Fiscal Year 2026
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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 with revenue up 19.7% to €1.19B, driven by Build and Design segments and a successful SaaS transition. 2026 guidance targets 14–15% organic growth and 32–33% EBITDA margin, with AI innovation and international expansion as key drivers.
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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 and SaaS transition, with GoCanvas integration on track. 2024 guidance is reiterated, expecting 10-11% organic revenue growth and 30-31% EBITDA margin, despite ongoing macro challenges.
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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.