Full Year 2025 Nemetschek SE Earnings Call Transcript
Key Points
- Nemetschek SE (NEMTF) delivered a strong finish to 2025, driven by excellent performance in the Build segment, particularly with the Bluebeam brand.
- The company achieved high double-digit growth in 2025, with significant increases in subscription and SaaS revenues, reflecting a successful transition to a subscription-centric business model.
- Nemetschek SE (NEMTF) reported a strong EBITDA margin of 32.9% for Q4 2025, with earnings per share increasing by 25.2% to EUR0.56.
- The company exceeded the EUR1 billion revenue mark for the first time, with reported revenue growing by 19.7% to EUR1.19 billion in 2025.
- Nemetschek SE (NEMTF) is well-positioned for future growth, expecting above-market organic revenue growth of 14% to 15% for 2026, with a high EBITDA margin of 32% to 33%.
- Reported EBITDA was impacted by extraordinary non-operating effects due to the unexpected insolvency of a service and payment provider.
- The Media segment experienced only moderate growth due to cautious customer spending and the insolvency of a payment provider affecting subscription sales.
- The Design segment's EBITDA margin contracted slightly due to short-term accounting effects from the subscription transition and the insolvency issue.
- The company faces challenges in the German market, with ongoing issues despite some improvement in building permits.
- The transition to a subscription and SaaS model continues to impact growth rates, particularly in the Design segment, which is expected to complete the transition by the end of 2027.
Hello, everyone, and a warm welcome. Thanks for joining our earnings call today to discuss the results for the financial year 2025 and the outlook for 2026 with us. With me today are our CEO, Yves Padrines; and our CFO, Louise 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 Padrines.
Thank you, Stephanie. Good afternoon, everyone, and welcome to our financial year 2025 earnings call. As usual, I have prepared a short and informative presentation on the highlights of the financial year 2025 that our CFO, Louise Ofverstrom and I will briefly walk you through so that we have enough time to address
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