Q3 2025 Nemetschek SE Earnings Call Transcript
Key Points
- Nemetschek SE (NEMKY) reported a strong Q3 2025 with a 15.8% increase in revenue on a reported basis and 20% on an FX-adjusted basis.
- The company's transition to a subscription and SaaS-centric business model is progressing well, with annual recurring revenue increasing by 22% and subscription and SaaS growth by 46.4% on a currency-adjusted basis.
- The build segment showed robust performance, driven by strong customer demand and successful integration of GoCanvas, contributing to a 47.2% growth.
- The design segment maintained strong growth momentum, supported by a successful subscription transition and strategic use of multi-year contracts.
- Nemetschek SE (NEMKY) confirmed its financial outlook for 2025, expecting currency-adjusted revenue growth between 20% and 22%, targeting the upper end of this range.
- The media segment faced challenges due to mixed market dynamics and cautious customer spending, resulting in only moderate revenue growth of 1.3% for the first nine months.
- The company's profitability in the first half was impacted by an extraordinary non-operating effect due to the insolvency of a service and payment provider.
- Despite strong growth, the transition to a subscription model in the design segment has short-term accounting burdens affecting financial results.
- The media segment's growth was further hindered by the missing subscription sales following the insolvency of a payment service provider.
- There are concerns about the US construction market's potential impact on the design segment, although the company remains confident in its growth prospects.
Hello everyone, and a warm welcome.
Thanks for joining our learning squad today to discuss the results for the third quarter and the first nine months, 2025 with us.
With me today are our CEO Yves Padrin and our CFO Luis Sugersson.
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 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 Yve. So go ahead.
Thank you, Stephanie. Good afternoon everyone and welcome to our Q3, a 9 month 2025 earnings call. As usual, we have prepared a short slide deck that our Chief Financial Officer, Louisa Free and I will briefly walk you through so that we have sufficient time for your questions
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