Half Year 2026 Nemetschek SE Earnings Call Transcript

Jul 30, 2026 / 12:00 PM GMT

Transcript

Key Points

Positve

Strong revenue growth of 13% reported and 14.5% FX-adjusted in Q2, driven by excellent performance in the Build segment.
Annual Recurring Revenue (ARR) increased by 15.9% reported and 17.4% at constant currency, highlighting successful subscription transition.
Subscription and SaaS revenues grew by 29.6% at constant currency, reaching a record 80% of group revenues.
Successful rollout of AI products like Bluebeam MAX and next-gen design intelligence platform, positioning the company as a construction AI leader.
Healthy operating leverage with EBITDA margin of 30.1% reported, or 31% excluding M&A costs, despite FX headwinds.

Negative

Media segment underperformed with reported revenue decline of 0.7% due to challenging market conditions and customer consolidation.
EBITDA margin impacted by a higher single-digit million euro extraordinary transactional currency effect from Hungarian forint appreciation.
Design segment EBITDA margin contracted to 23.9% due to the same FX transactional effect and ongoing subscription transition headwinds.
Cash conversion rate was below prior year due to one-time effects like invoicing timing changes and tax prepayments.
HCSS acquisition will cause a ~150 basis point EBITDA margin dilution in 2026 due to PPA effects and integration costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NEKG.DE - Nemetschek SE
Half Year 2026 Nemetschek SE Earnings Call
Jul 30, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the Nemshek Earnings Call Half Year Financial Report 2026. My name is Youssef, the course call operator. I would like to remind you that all participants will be in listen-only mode and that this conference is being recorded. The presentation will be followed by a question-and-answer session.

You can register for questions at any time by pressing star followed by one on your telephone. For operator assistant, you may press star followed by zero. The conference must not be recorded for publication or for broadcast. At this time, it's my pleasure to hand over to Stephanie Zimmerman. Please go ahead.

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