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NEM - Nemetschek SE News Story

€111.1 8.8  8.6%

Last Trade - 2:56pm

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

BUZZ-Nemetschek up in early trade after FY guidance raise

Wed 28th July, 2021 7:45am
** Shares in Nemetschek  NEKG.DE  are seen up 4% in early
Frankfurt trade after the German-based construction software
developer raised its FY guidance  urn:newsml:reuters.com:*:nASN001HIL
    ** Co now expects currency-adjusted revenue growth in 2021
to be in a range between 12% and 14% (previously: at least high
single-digit percentage growth), and EBITDA margin for 2021 to
be between 30% and 32% (previously: 27% to 29%)
    ** Berenberg sees the guidance raise as very positive
    ** It also expects the forecast upgrade to enable management
to reach FY 2022 consensus estimates by outperforming in FY 2021
    ** The stock is seen at the top of the German mid-cap MDAX
 .MDAXI  index

 (Reporting by Veronica Snoj;)
 ((Veronica.snoj@tr.com))
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