Following the further successful transition of the business to Subscription/SaaS, Nemetschek expects a further increase in growth momentum and a revenue growth in the mid-teens for the financial year 2025, which is significantly above the expected market average.
The guidance is based on the assumption that the global macroeconomic or sector-specific conditions will not deteriorate significantly in 2024. Furthermore, no additional potential negative effects from the current developments in the Middle East conflict and the ongoing war in Ukraine are reflected in the outlook.
Overview of quarterly key figures (Q4-23)
| In EUR million | Q4 2023 | Q4 2022 | Δ in % |
Δ in %
FX-adj |
| ARR | 718.6 | 581.7 | +23.5% | +26.7% |
| Revenues | 219.6 | 203.0 | +8.2% | +10.9% |
| - thereof software licenses | 29.1 | 46.3 | -37.1% | -35.5% |
| - thereof recurring revenues | 179.6 | 145.4 | +23.5% | +26.7% |
| - Subscription + SaaS (part of recurring revenue) | 92.5 | 57.3 | +61.4% | +66.1% |
| EBITDA | 69.2 | 55.7 | +24.3% | +27.1% |
| Margin | 31.5% | 27.4% | ||
| EBIT | 55.6 | 40.5 | +37.1% | |
| Margin | 25.3% | 20.0% | ||
| Net income (Group shares) | 47.1 | 34.0 | +38.6% | |
| Earnings per share in EUR | 0.41 | 0.29 | +38.6% | |
| Net income (Group shares) before amortization of purchase price allocation (PPA) | 55.5 | 41.4 | +34.0% | |
| Earnings per share before PPA in EUR | 0.48 | 0.36 | +34.0% |
