Nemetschek defies negative market trends

Nemetschek defies negative market trends

  • Group revenue Q3 rises 11 percent to EUR 43.3 million (EBITDA margin: 24%)
  • Group revenue 9M rises 8 percent to EUR 127.7 million (EBITDA margin: 22%)
  • Net liquidity increases by 31 percent to EUR 37.8 million

Munich, October 31, 2012 – Nemetschek AG (ISIN 0006452907), a leading global software provider for the architecture, engineering and construction market (AEC), today published its interim report on the first nine months of 2012.

Despite a slight weakening of the European construction sector and a general deterioration of the economic environment, the third quarter of 2012 was successful for the Nemetschek Group. Group revenue climbed by 11 percent to EUR 43.3 million. The result before interest, taxes and depreciation (EBITDA) climbed in comparison by 6 percent to EUR 10.2 million. The EBITDA margin amounted to 24 percent. The trend was supported by a continuing positive development in the internationalization of the company.

The positive developments in the third quarter, under the management of Tanja Tamara Dreilich, could not, however, compensate for the business development which lay below expectations in the first half year. In the first nine months Group revenue rose 8 percent to EUR 127.7 million. EBITDA rose in comparison by 2 percent to EUR 28.4 million. The EBITDA margin amounted to 22 percent.

The developments of the first half year still continue to place a heavy burden, even on the largest subsidiary of the Group, Nemetschek Allplan. Tanja Tamara Dreilich, sole Executive Board member of Nemetschek AG, comments on this: 'In the third quarter the Executive Board analyzed the situation together with the new management of Allplan, as well as introducing initial steps towards raising profitability. These are already showing the first signs of success.'

On the basis of a realistic scenario the Executive Board of Nemetschek AG sticks to the outlook for the full year 2012 published in July 2012. According to this, revenue is expected to reach at least EUR 175 million with EBITDA at previous year's level. This also comprises the costs of the steps planned for 2012 as part of the optimization of Allplan.

The complete report on company development in the first nine months of 2012 can be found on the internet pages of the company at ready for downloading.