Full Year 2024 Nemetschek SE Earnings Call Transcript

Mar 20, 2025 / 01:00PM GMT

Release Date Price: $25.5

Transcript

Key Points

Positve

Nemetschek SE (NEMTF) achieved a total revenue of EUR 996 million in 2024, with organic growth of 14%, exceeding their guidance range of 10% to 11%.
The company's annual recurring revenue (ARR) grew by 34.6% organically, surpassing the target of more than 25%.
The acquisition of GoCanvas contributed significantly, adding around 300 basis points to revenue growth.
Nemetschek SE (NEMTF) reported an EBITDA growth of 16.8% to EUR 301 million, with margins slightly above the forecast range.
The transition to a subscription and SaaS-centric business model resulted in recurring revenues reaching a new high of 86.5% of total revenue.

Negative

The construction industry faces global challenges and economic uncertainties, impacting Nemetschek SE (NEMTF)'s market environment.
The integration of GoCanvas, while progressing, still presents challenges and dilutive effects on profitability.
The design segment faces prolonged sales cycles and hesitations in European markets, particularly in Germany.
The transition to subscription models in the design segment may lead to temporary accounting-related impacts.
The company's growth strategy requires continuous investment, potentially limiting immediate margin expansion.

Operator

Good afternoon ladies and gentlemen, and welcome to the Nemetech SE earnings call for the financial year 2024. (Operator instructions).

Let me now turn the floor over to Stefanie Zimmerman.

Stefanie Zimmermann

Nemetschek SE - Vice President - Investor Relations and Corporate Communication

Thank you, operator, and hello everyone and a big welcome. Thanks for joining our earnings call today to discuss the results for the financial year 2024 and the outlook for 2025 with us.

With me today are our CFO, Yves Padriness; and our CFO Louis Ofverstrom. Today's conference call is being recorded. A replay of the call will be available at our website after the call. Additionally, you will find the annual report, the presentation, and the press release on our investor relations website as well.

But now let's get started. So I would like to turn over to our CEO, Yves.

Yves Padrines

Nemetschek SE - Chief Executive Officer, Member of the Executive Board

Thank you, Stefanie. Welcome everyone to our

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