{ "title": "Nemetschek Group: Successful start to the year in Q1 2024 with double-digit operational revenue growth at a continued high profitability level", "modified_at": "2026-06-24 12:52:54", "published_at": "2024-04-30 07:14:10", "url": "https://nemetschek.prezly.com/nemetschek-group-successful-start-to-the-year-in-q1-2024-with-double-digit-operational-revenue-growth-at-a-continued-high-profitability-level-3320061", "short_url": "http://prez.ly/5x3d", "culture": "en", "language": "EN", "slug": "nemetschek-group-successful-start-to-the-year-in-q1-2024-with-double-digit-operational-revenue-growth-at-a-continued-high-profitability-level-3320061", "body": "

Munich, April 30, 2024 - The Nemetschek Group, a global provider of software solutions for the building and media industries, has started the financial year 2024 with a currency-adjusted double-digit percentage growth at a continued high profitability level. The successful start and the overall strong operational performance are primarily driven by strong growth of the recurring revenue base, in particular the subscription and SaaS models, in combination with the innovative software solutions, the ongoing internationalization as well the continued increase in operational efficiency. \u200b

“Nemetschek had a good start to the year 2024. With our performance in the first quarter, we have laid a good foundation to achieve our targets for the full year,” says Yves Padrines, CEO of the Nemetschek Group. “We see that the pressure to digitalize in the construction industry is steadily increasing, especially in the current challenging market environment. In addition to our consistent focus on the transition to subscription and SaaS, we are systematically driving forward our other strategic focus areas in order to make the best possible use of the huge growth opportunities in our markets. Thanks to new technologies such as digital twins, artificial intelligence and cloud solutions, as well as our intensified go-to-market approach, we have established strong and important growth drivers for the future.”

Key Group Figures in Q1 2024

Strategic Highlights

Segment Developments in Q1 2024 (See Table)

Outlook for 2024 and Ambition for 2025 Confirmed

Following the successful start to the year, the Executive Board confirms the targets already communicated for the current financial year 2024. The currency-adjusted revenue growth is expected to be in the range of 10 to 11%. The growth in annual recurring revenue (ARR) is forecasted to grow by around 25%, so significantly faster than Group revenues. The share of recurring revenue as a percentage of total revenue is expected to increase further to around 85% in 2024. The EBITDA margin is forecasted to be in the range of 30% to 31%.

Following the further successful transition of the business to Subscription/SaaS, Nemetschek expects a further increase in growth momentum and a revenue growth at least in the mid-teens for the financial year 2025, which is significantly above the expected market average.

The guidance is based on the assumption that the global macroeconomic or industry-specific conditions will not deteriorate significantly in 2024 and 2025. Furthermore, no additional potential negative effects from the current conflict in the Middle East and the ongoing war in Ukraine are reflected in the outlook.

Overview of quarterly key figures (Q1-24)

\n\n \n \n \n

In EUR million

Q1 2024

Q1 2023

Δ in %

Δ in %

FX-adj.

\n \n

ARR

743.6

597.4

+24.5%

+25.4%

\n \n

Revenues

223.9

204.6

+9.4%

+10.3%

\n \n

- thereof software licenses

29.8

47.6

-37.5%

-36.9%

\n \n

- thereof recurring revenues

185.9

149.4

+24.5%

+25.4%

\n \n

- Subscription + SaaS (part of recurring revenue)

106.3

63.8

+66.5%

+68.0%

\n \n

EBITDA

68.3

61.0

+11.9%

+8.5%

\n \n

Margin

30.5%

29.8%

 

 

\n \n

EBIT

54.7

46.6

+17.3%

 

\n \n

Margin

24.4%

22.8%

 

 

\n \n

Net income (Group shares)

42.5

36.3

+17.4%

 

\n \n

Earnings per share in EUR

0.37

0.31

+17.4%

 

\n \n

Net income (Group shares) before amortization of purchase price allocation (PPA)

47.3

41.7

+13.3%

 

\n \n

Earnings per share before PPA in EUR

0.41

0.36

+13.3%

 

\n \n \n\n

Overview of quarterly key figures per segment (Q1-24)*

\n\n \n \n \n

In EUR million

Q1 2024

Q1 2023

Δ in %

Δ in %

FX-adj.

\n \n

Design

 

 

 

 

\n \n

Revenues

115.6

106.3

+8.7%

+9.3%

\n \n

EBITDA

35.5

30.0

+18.0%

+9.9%

\n \n

EBITDA margin

30.7%

28.3%

 

 

\n \n

Build

 

 

 

 

\n \n

Revenues

67.5

62.0

+9.0%

+10.0%

\n \n

EBITDA

21.0

21.8

-3.8%

-0.7%

\n \n

EBITDA margin

31.1%

35.2%

 

 

\n \n

Manage

 

 

 

 

\n \n

Revenues

12.5

11.4

+9.9%

+9.9%

\n \n

EBITDA

0.8

-0.3

-

-

\n \n

EBITDA margin

6.6%

-2.7%

 

 

\n \n

Media

 

 

 

 

\n \n

Revenues

29.4

26.8

+9.7%

+10.9%

\n \n

EBITDA

11.0

9.4

+16.5%

+17.1%

\n \n

EBITDA margin

37.4%

35.2%

 

 

\n \n \n\n

* As at January 1, 2024, the Digital Twin business unit was reclassified from the Manage segment to the Design segment and the previous year's figures were adjusted accordingly to ensure comparability.

For further information about the company, please contact

Nemetschek Group
\u200bStefanie Zimmermann
\u200bInvestor Relations
\u200b+49 89 540459 250
\u200bszimmermann@nemetschek.com

\n \n
\n Alexander Siegmund\n Senior Manager Global Events & Digital Communications\n \n
\n
\n \n
\n Ulrike Beringer\n Senior Director Group Communications & Corporate Responsibility\n \n
\n
\n \n
\n Stefanie Zimmermann\n Senior VP Corporate Communication & Investor Relations\n \n
\n
\n \n
\n Maria Richtsfeld\n Manager Group Communications\n \n
\n
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