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Nemetschek AG Quarter 3 Revenue up 8%

Nemetschek AG reports 8% Year over Year Revenue Gains for its Third Quarter 2008 – Profit Margin Reaches 20.6%

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German AEC software powerhouse, Nemetschek AG, has reported its third quarter financial results this week. The Nemetschek Group, which owns three key Macintosh CAD and 3D companies, reported an 8% revenue gain YoY for the third fiscal quarter. 

For the first 9 months of the year, Nemetschek AG increased revenues 6% to 109.0 million euros, and adjusted to take into account currency fluctuations against the US dollar this figure would have been 7.5%. Outlookwise, Nemetschek AG expects to achieve median single-digit revenue growth with a stale EBITDA margin of more than 20%. 

Owing to its robust business model and successful first nine months, Nemetschek AG stands by its plans for 2008. The company has a broad customer base and gains 35%, plus or minus, of its revenues from software maintenance contracts, primarily in Europe. Its products are used by more than 270,000 companies in over 142 countries around the world. To learn more about this financial report visit: www.nemetschek.com

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