Germany's Nemetschek 2025 revenue rises 22.6% on subscription & SaaS growth

Nemetschek SE

19/03/2026 06:17

Overview

Germany software and AI provider's fiscal 2025 revenue grew 22.6% yr/yr, driven by SaaS and acquisitions

Adjusted EPS and net income rose significantly yr/yr for fiscal 2025

Company forecasts 14%-15% currency-adjusted revenue growth and higher EBITDA margin for 2026

Outlook

Nemetschek sees 2026 currency-adjusted revenue growth of 14% to 15%

Company expects 2026 EBITDA margin of 32% to 33%

Nemetschek expects short-term dampening effect on Design segment revenue and profitability from SaaS transition

Result Drivers

SUBSCRIPTION & SAAS GROWTH - Co said revenue growth was mainly driven by a 55.6% increase in subscription and SaaS revenues, raising the share of recurring revenue to 92.2%

ACQUISITIONS & TEMPORARY EFFECTS - Revenue benefited from the GoCanvas acquisition and temporary positive effects from Bluebeam's subscription transition, especially in the first half of 2025

Company press release: ID:nEQ9szD8fa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
EUR 1.88
FY Net Income
EUR 217.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Nemetschek SE is €106.00, about 56% above its March 18 closing price of €67.95

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 40 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)