Munich, July 20, 2020 - The Nemetschek Group (ISIN DE 0006452907), one of the world's leading software providers for the construction industry, has taken advantage of the current favorable financing level and increased its financial scope by adding lines of credit amounting to a total of EUR 200 million.
The bilateral credit lines were granted by the three credit institutions Commerzbank AG, UniCredit Bank AG and Deutsche Bank AG with a term of two years. Thus, the Nemetschek Group has generated a further liquidity buffer in addition to its already high level of cash and cash equivalents totaling more than EUR 150 million (as of the end of Q1 2020). This step is part of an internal realignment of the Nemetschek Group, in which the finance departments and especially the treasury have been strengthened.
"We have made use of an overall favorable environment and with the lines of credit have extended our financial scope and our flexibility in order to continue on our growth course," says Dr. Axel Kaufmann, Spokesman of the Executive Board and CFOO of the Nemetschek Group. "Moreover, these lines are an indication of the excellent reputation our Group has on the capital and finance markets."