Nemetschek slips on Q2 earnings miss

Nemetschek SE

30/07/2026 07:59

** Shares in German software firm Nemetschek NEKG.DE are down 6.3% in early Frankfurt trade after its Q2 earnings missed expectations despite stronger-than-expected organic growth
** J.P. Morgan says headline EBITDA was 5% below expectations, driven by weaker than expected margins (30.1% vs. 31.6% expected)
** "The headline margin miss considered alongside Nemetschek steering towards the upper end of the margin guidance sends a somewhat confused message," JPM says
** Nemetschek reports Q2 revenue growth of 14.5% currency-adjusted, ahead of consensus at about 13.6%, according to J.P.Morgan
** The broker says Q2 was "a slightly messier print than investors may be used to with Nemetschek"


($1 = 0.8735 euros)

 (Reporting by Basile Day)
 ((Basile.Day@thomsonreuters.com))