Nemetschek Group preliminary results for the financial year 2024: Revenue growth exceeds outlook, profitability slightly above forecasted range

Munich, January 20, 2025 – According to preliminary and unaudited figures, the Nemetschek SE (ISIN 0006452907) increased its group revenue (including GoCanvas) strongly by around 17% to approx. EUR 996 million in 2024 due to a very strong business development at the end of the fourth quarter in the Design and Build segments. In particular, in the Design segment, one-off effects from last-time sales of perpetual licenses as well as very successful campaigns to migrate existing customers from maintenance to subscription contracts had a strong positive effect. The revenue contribution to the growth from the first-time consolidation of GoCanvas was in line with the outlook at around 3 percentage points. The organic (i.e. excluding the acquisition effects of GoCanvas) and currency-adjusted revenue growth amounted to around 14% and was therefore above the previously announced target range of 10% to 11%.

According to preliminary figures, the reported EBITDA margin (i.e. including GoCanvas) as well as the preliminary organic EBITDA margin (excluding the dilutive effect of the GoCanvas lower profitability and purchase price allocation effects) are both expected to be slightly above the upper end of the respective guidance ranges of 29% to 30% (reported, including GoCanvas) and 30% to 31% organic (excluding GoCanvas).

The growth in Annual Recurring Revenues (ARR) including the consolidation of GoCanvas is expected to be slightly above 40% and therefore as forecasted higher than 30%. At around 86%, the share of recurring revenues in total revenues is expected to be in line with the outlook of around 85%. 

The final and audited figures for the financial year 2024 will be published as planned on March 20, 2025, together with additional detailed information on the business performance in 2024 and the outlook for the financial year 2025.

All figures stated in this release for the financial year 2024 are preliminary and unaudited. Definitions of the key performance indicators can be found in the Nemetschek SE annual report for the financial year 2023 on page 48 (available at: https://ir.nemetschek.com/report).