As we approach the close of July, the news from Munich-based Nemetschek Group is, again, consistently positive. The AEC software holding company has posted strong revenues for the second quarter of the year, following an extraordinarily strong first quarter.
Nemetschek Group Earnings Results
The Group increased its second-quarter revenue by 21 percent (YoY), with EUR 137.8 million, up from EUR 113.8 million in 2018.
Margins were also slightly up to a high EBITDA margin of 29.0 percent, or EUR 40 million in profit. Net results on earnings per share to EUR 0.19 on a 20.8 percent rise. The company says targets for the year were confirmed as well.
“The first half-year met our expectations utterly and completely,” sums up Patrik Heider, Spokesman of the Executive Board and CFOO of the Nemetschek Group. “We are recording ongoing fast growth and high demand on the part of our customers. We, therefore, remain the fastest-growing listed software company in Germany with global reach. In addition, in the first half-year, we have been able to considerably and strategically develop our Manage segment further and expand it. We are, therefore, in an excellent position to achieve our targets for the year 2019 as a whole.”
Following this strong first half of the year, the executive board confirms the previously set corporate targets for the year 2019 as a whole. It anticipates Group revenue in the range of EUR 540 million to EUR 550 million. This corresponds to a growth of 17 to 19 percent compared to the previous year. The yearly EBITDA margin is expected to be between 27 – 29 percent.
Financial Highlights
Nemetschek Group noted that the Build segment, backed by strong expanding US brand Bluebeam, remains a growth driver for the Nemetschek Group, with revenue increases of 25 percent in the second quarter and 29 percent in the first half of the year. Peak margins in this segment increased to 34.4 percent in Q2.
The Manage segment had considerable increases in revenue as a result of the Spacewell brand acquisition. Revenues increased from EUR 2.1 million to EUR 9.3 million, a substantial new line of revenue due to Spacewell. Media & Entertainment (M&E) segment had a revenue growth of 23.2 percent YoY to EUR 8.5 million. The aquisition of Redshift had a positive effect at brand level in the second quarter. Finally, the Design segment had total revenues of EUR 75.6 million, a 9.1 percent increase from the year ago period.
To learn more, you can read the complete press release here.