Nemetschek soars on 'solid' Q3 results
07/11/2024 08:48
** Shares in Nemetschek NEKG.DE are up 9% after the German
software developer reported consensus-beating "solid" Q3 results
** Q3 group revenue increased by 15.1%, EBITDA was up 6.7%
year-on-year
** Stiefel says revenues came in 1% above consensus while
EBITDA was 5% ahead of expectations, adding that it was "another
solid quarter" for the company
** "Looks solid on first sight," a local trader says
** Shares hit their highest level since January 2022
(Reporting by Bartosz Dabrowski in Gdansk)
((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))