Q1 2025 Nemetschek SE Earnings Call Transcript

Apr 30, 2025 / 12:00PM GMT

Transcript

Key Points

Positve

Nemetschek SE (NEMTF) reported high double-digit revenue growth in Q1 2025, driven by strong subscription and SaaS revenue increases.
The company's transition to a subscription and SaaS model is proceeding as planned, with significant momentum in the design segment.
The integration of GoCanvas, the largest acquisition in Nemetschek SE (NEMTF)'s history, is progressing well, contributing positively to revenue growth.
Nemetschek SE (NEMTF) achieved a strong EBITDA margin of 31.4% in Q1 2025, adjusted for extraordinary effects, exceeding full-year target levels.
The company reported a substantial increase in free cash flow, reaching nearly EUR 139 million, supported by strong growth in recurring revenue.

Negative

Nemetschek SE (NEMTF) faced an extraordinary non-operating effect due to the insolvency of a payment and service provider, impacting the design and media segments.
The media segment's revenue was flat due to the insolvency issue, with expected continued impact in Q2 2025.
The transition to subscription and SaaS models has short-term accounting burdens, affecting profitability in the design segment.
The EMEA business remains impacted by ongoing softness in the German construction market.
Despite strong revenue growth, the increase in EBITDA was below revenue growth, reflecting the impact of the extraordinary non-operating effect.

Operator

Good afternoon ladies and gentlemen, and welcome to the Nemetschek SE earnings call Q1 financial statement. (Operator Instructions) Let me now turn the floor over to your host Stefanie Zimmermann.

Stefanie Zimmermann

Nemetschek SE - Senior 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 first quarter 2025 with us. With me today are our CEO, Yves Padrines; and our CFO, Louise ÃfverstrÃ¶m.

Today's conference call is being recorded. A replay of the call will be available on our website after the call. Additionally, you will find the quarterly 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. Go ahead, Yves.

Yves Padrines

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

Thank you, Stefanie. A warm welcome from me as

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