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NEM - Nemetschek SE News Story

€111.15 8.9  8.7%

Last Trade - 3:26pm

Sector
Technology
Size
Large Cap
Market Cap £10.05bn
Enterprise Value £10.03bn
Revenue £556.1m
Position in Universe 115th / 1048

BRIEF-Nemetschek Sees Revenue Growth In High Single-Digit Percentage Range In 2021

Tue 23rd March, 2021 6:07am
March 23 (Reuters) - Nemetschek SE  NEKG.DE :
    * DGAP-NEWS: NEMETSCHEK SE: RAISED TARGETS FOR 2020 FULLY
ACHIEVED
- AT LEAST HIGH SINGLE-DIGIT GROWTH WITH HIGH PROFITABILITY IN
2021
    * DIVIDEND 0.30 EURPER SHARE VERSUS 0.28 EURPER SHARE YEAR
AGO
    * FY REVENUE ROSE 7.2 PERCENT TO 596.9 MILLION EUR
    * OUTLOOK FOR 2021: AT LEAST HIGH SINGLE-DIGIT GROWTH AT
CONSTANT
CURRENCIES AND ATTRACTIVE EBITDA MARGIN OF BETWEEN 27% TO 29%
TARGETED
    * FY REVENUES INCREASE TO EUR 596.9 MILLION IN 2020 (+7.2%),
EBITDA MARGIN AT HIGH 28.9%
    * GROUP OPERATING EBITDA FOR FULL YEAR ROSE BY 4.0%
(ADJUSTED FOR
CURRENCY EFFECTS: 4.9%) TO EUR 172.3 MILLION (PREVIOUS YEAR: EUR
165.7 MILLION), RESULTING IN A HIGH EBITDA MARGIN OF 28.9%.
    * AMBITION 2023: GROWTH IN MID-TEENS FOLLOWING SUCCESSFUL
SUBSCRIPTION/SAAS TRANSITION
    * EXPECTS CURRENCY-ADJUSTED REVENUE GROWTH AT LEAST IN HIGH
SINGLE-DIGIT PERCENTAGE RANGE IN 2021
    * WILL FURTHER INCREASE ITS SHARE OF RECURRING REVENUES
    * GROUP EBITDA WILL CONTINUE TO BE IN HIGH TARGET RANGE OF
27% TO
29%
    * IN 2022, FURTHER GROWTH IS EXPECTED AT A SIMILAR LEVEL AS
IN
2021
    * OPTIMISTIC TO AGAIN ACHIEVE SIGNIFICANTLY ACCELERATED AND
SUSTAINABLE REVENUE GROWTH IN MID-TEENS PERCENTAGE RANGE
STARTING IN 2023

Source text for Eikon:  ID:nEQ1gCgXva 
Further company coverage:  NEKG.DE 

 (Berlin Speed Desk)
 ((frankfurt.newsroom@thomsonreuters.com;))
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