Nemetschek Group Kicks Off 2024 with Stellar Double-Digit Revenue Growth, Maintains High Profitability

• Nemetschek Group reports a successful start to 2024 with double-digit operational revenue growth and high profitability
• The company saw a 68.0% growth in subscription & SaaS to EUR 106.3 million, and a 25.4% ARR growth to EUR 743.6 million
• Revenue growth was 10.3% to EUR 223.9 million, and EBITDA margin increased to 30.5%
• Earnings per share grew by 17.4% to EUR 0.37, and the outlook for the year 2024 was confirmed
• The successful start was primarily driven by strong growth of the recurring revenue base, particularly the subscription and SaaS models
• The company is continuing its transition to subscription and SaaS models, and has expanded its presence in Mumbai, India to increase its activities in the Asia-Pacific region.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Nemetschek is on 30.04.2024.

The price of Nemetschek at the time of the news was 82,50EUR and was up +0,12 % compared with the previous day.
21 minutes after the article was published, the price was 82,48EUR this corresponds to a minus of -0,03 % since publication.
At this time, the index MDAX was at 26.348,40PKT (+0,43 %).

Nemetschek

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+27,66 %

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+1.525,48 %

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ISIN:DE0006452907WKN:645290

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