Architosh Staff (info@architosh.com)

28 Mar 2001

MacCAD: Nemetschek AG misses fiscal marks in 2000

Nemetschek North America's parent company, Nemetschek AG, in Germany, reported that fiscal end-of-year results for 2000 were below expectations. This report did not mention fiscal numbers for its subsidiaries which serve the professional Macintosh graphics, 3D and CAD markets.

Nemetschek AG is a worldwide leading vendor of information technology and consulting services for the AEC industry, and the forth largest software company in Germany. The company reported a marginal sales increase of 3.3% to DM 253 million versus fiscal year 1999 DM 245 million.

The report mentions that increased expenses in the amount of DM 8 million primarily resulted from the development of Internet subsidiary MYBAU.com AG and recently added companies (Nemetschek N.A , formerly Diehl Graphsoft Inc., was added in fiscal 2000). It should be mentioned here in this report that Nemetschek NA has had outstanding results with its VectorWorks line of professional CAD and 3D products in both the Macintosh and Windows markets.

Losses also mounted from the insolvency of S3 AG and the company's failure to hit anticipated sales targets in 2000. Nemetschek AG said this was largely due to a weakened construction economy.

In 2001 the company will get back on focus through consolidation and has planned sales growth of 8% to DM 275 million. Nemetschek AG is due to return to its previous sales and profit strength in 2002.

For the full report read here.