EQS-Adhoc: Nemetschek SE increases revenue guidance for the financial year 2023
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EQS-Ad-hoc: Nemetschek SE / Key word(s): Change in Forecast/Quarterly / Interim Statement Ad hoc Announcement Nemetschek Group increases revenue guidance for the financial year 2023 Munich, October 23, 2023 - The Nemetschek Group (ISIN DE 0006452907) is raising its revenue guidance for the current 2023 financial year following a strong third quarter. Currency-adjusted revenue growth for the financial year 2023 is now expected to be in a range between 6% and 8% (previously: between 4% and 6%). Nemetschek expects the EBITDA margin for the full year to be at the upper end of the previously communicated guidance of 28% to 30%. In addition to the better-than-planned operating performance in Q3, catch-up effects from Q2 2023 and one-off effects in the Design and Build segments also contributed to the higher growth. Group revenues in Q3 increased by 8.4% (currency-adjusted: 12.6%) to EUR 219.8 million (Q3 2022: EUR 202.8 million). Group revenues in the first nine months of 2023 were EUR 632.0 million, a growth of 5.5% (currency-adjusted: 7.1%) compared to the same period of the previous year. Group operating earnings before interest, taxes, depreciation and amortization (EBITDA) increased over-proportionally compared to revenues in Q3 by 13.6% (currency-adjusted: 20.2%) to EUR 71.4 million (prior-year quarter: EUR 62.9 million). The EBITDA margin in Q3 improved accordingly to 32.5% (Q3 2022: 31.0%). On a 9-month basis, EBITDA reached EUR 188.5 million, resulting in an EBITDA margin of 29.8%. The Nemetschek Group will provide detailed information on the Q3 /9-month figures 2023 as well as further details on the expected business development for the rest of 2023 with the 9-month report 2023 and in a virtual conference as planned on October 26, 2023. The guidance is based on the assumption that global macroeconomic or sector-specific conditions will not deteriorate significantly in 2023. Furthermore, no additional negative effects from the current developments in the Middle East conflict and the ongoing war in Ukraine are reflected in the outlook. Contact: Stefanie Zimmermann VP Investor Relations Corporate Communication NEMETSCHEK SE Konrad-Zuse-Platz 1 81829 Munich P: +49 89 540459-250 M: +49 175 7211197 End of Inside Information
23-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Nemetschek SE |
| Konrad-Zuse-Platz 1 | |
| 81829 München | |
| Germany | |
| Phone: | +49 (0)89 540459-0 |
| Fax: | +49 (0)89 540459-444 |
| E-mail: | investorrelations@nemetschek.com |
| Internet: | www.nemetschek.com |
| ISIN: | DE0006452907 |
| WKN: | 645290 |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1755419 |
| End of Announcement | EQS News Service |
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1755419 23-Oct-2023 CET/CEST
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