Abstract
NEMETSCHEK SE will report quarterly results on July 30, 2026 after market close; this preview summarizes consensus revenue, margin, and EPS expectations for the quarter and compares them with the prior period, with a focus on segment trends and valuation drivers through July 23, 2026.
Market Forecast
Consensus points to revenue of 0.33 billion in the current quarter, with EBIT of 92.70 million and EPS of 0.59, implying year-over-year growth of 15.60%, 25.18%, and 32.05%, respectively. Forecasts suggest continued margin resilience, with expectations for stable to improving profitability supported by operating leverage; if management commentary indicates similar cost discipline, adjusted EPS could track above revenue growth.
The company’s platform mix is expected to lean on subscription and services momentum in Design and Build, underpinning steady growth and cash generation. Among segments, Design remains the most visible growth driver, with revenue near 136.20 million and a solid trajectory on recurring revenue conversion.
Last Quarter Review
In the previous quarter, revenue was 0.31 billion, gross profit margin was 56.94%, net profit attributable to the parent company was 60.37 million, net profit margin was 19.28%, and adjusted EPS was 0.60, with revenue up 10.71% year over year and adjusted EPS up 30.44% year over year.
Operating execution delivered an EBIT of 79.20 million, reflecting effective cost control and sustained demand across core product suites. By business line, Design generated 136.20 million, Build generated 134.70 million, Media contributed 29.60 million, and Manage delivered 13.20 million; Design led the growth profile given its scale and subscription penetration.
Current Quarter Outlook
Main business: Design and Build suites driving recurring revenue and pricing leverage
The expected revenue of 0.33 billion and EPS of 0.59 for the current quarter imply that Design and Build should continue to anchor growth as subscription mix increases. A higher share of recurring revenue typically supports predictability and pricing power, cushioning cyclical softness in project-based demand. With last quarter’s gross margin at 56.94%, even a modest improvement through subscription conversion and product mix could yield EPS growth above revenue growth. Investors will watch attach rates for complementary modules and the pace of seat adds among enterprise customers as indicators of durability.
Most promising business: Design segment scale and visibility
Design, at 136.20 million last quarter, remains the largest revenue contributor and offers clearer upsell pathways across BIM, collaboration, and cloud workflows. The segment’s performance benefits from ongoing digitalization in construction and architecture, where clients value interoperability and time-to-value. Continued migration to subscription supports higher lifetime value and lowers churn, which, combined with selective price updates, can sustain double-digit growth even amid macro variability. Any acceleration in multi-product adoption or cross-sell into Build could provide upside to the current quarter.
Stock price drivers this quarter: Growth quality, margin cadence, and outlook commentary
Share performance is likely to hinge on the quality of growth—recurring versus licensing—and signals on gross margin trajectory relative to the 56.94% baseline. EBIT guidance and conversion of top-line growth into cash flow will be scrutinized, especially with forecasted EBIT growth of 25.18%, which embeds a degree of operating leverage. Commentary on enterprise deal flow, regional demand dispersion, and cadence in Media and Manage will shape sentiment around the multi-year growth algorithm. Any incremental disclosure on pricing, cost discipline, or product launches could sway estimates and drive near-term rerating potential.
Analyst Opinions
Across recent commentary, the majority opinion is bullish, emphasizing resilient subscription growth, operating leverage, and improving EPS momentum, with forecasted revenue growth of 15.60% and EPS growth of 32.05% this quarter. Notably, institutions highlight the favorable balance of recurring revenue and disciplined cost management as enablers of consistent margin expansion. Analysts see room for consensus revisions if Design and Build deliver above-plan conversions and if cross-sell into collaboration modules accelerates, reinforcing the view that near-term results can meet or exceed current forecasts.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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