Q3 2024 Nemetschek SE Earnings Call Transcript
Key Points
- Nemetschek SE (NEMTF) achieved robust growth with a 6.3% increase on an FX-adjusted basis in the design segment, despite a challenging market environment.
- The build segment experienced accelerated organic growth of 15% on an FX-adjusted basis, driven by strong demand, particularly in the US market.
- The transition of Bluebeam to a subscription model is progressing well, with expected growth of over 30% in the fourth quarter.
- Nemetschek SE (NEMTF) recorded an organic currency-adjusted revenue growth of 9.8% and an organic EBITDA margin of around 29.9%, aligning with internal plans.
- The acquisition of Go Canvas is on track, showing good underlying operating performance and expected to create significant value for the company.
- The design segment faced a temporary impact on revenue growth due to a high comparison base from the previous year.
- Earnings per share fell by 12.8% in the third quarter, impacted by the Go Canvas acquisition and higher interest expenses.
- The media segment experienced slower growth, particularly in the US market, due to weaker demand and industry challenges.
- The ongoing transition to a subscription model presents short-term accounting burdens on financial results.
- The German market remains weak, impacting overall growth, particularly in the design segment.
The conference is now being recorded. Good afternoon, ladies and gentlemen and welcome to the Q3 earnings call 2024 of name check se at this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation.
Let me now turn the floor over to your host. Stephan needs a me.
The hu operator. Hello, everyone and a big welcome. Thanks for joining our earnings call today to discuss the results for the third quarter and the first nine months of 2024 with us with me. Today are our CEO E par and our CFO Louis Silver.
Today's conference call is being recorded. A replay of the call will be available at our website. After the call nationally. You will find the report presentation and the press release on our investor relations website as well. But now let's get started. I would like to turn over to our CEO E.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
