Nemetschek SE (NEMTF) Q2 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ...

GuruFocus.com10-10

Revenue: Increased by 9.7% to EUR 228 million in Q2 2024. Annual Recurring Revenue (ARR): Grew by over 26% with strong growth of around 83% in subscription and SaaS revenue. EBITDA: Increased by 9.5% ...

Source Link

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474205683?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-10 03:29","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2474205683","market":"us","top_or_hot":-1,"title":"Nemetschek SE (NEMTF) Q2 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ...","media":"GuruFocus.com","content":"<div>\n<p>Revenue: Increased by 9.7% to EUR 228 million in Q2 2024.\nAnnual Recurring Revenue (ARR): Grew by over 26% with strong growth of around 83% in subscription and SaaS revenue.\nEBITDA: Increased by 9.5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nemetschek-se-nemtf-q2-2024-192918712.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nemetschek SE (NEMTF) Q2 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ...</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNemetschek SE (NEMTF) Q2 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 03:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nemetschek-se-nemtf-q2-2024-192918712.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: Increased by 9.7% to EUR 228 million in Q2 2024.\nAnnual Recurring Revenue (ARR): Grew by over 26% with strong growth of around 83% in subscription and SaaS revenue.\nEBITDA: Increased by 9.5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nemetschek-se-nemtf-q2-2024-192918712.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEMTF","symbol_name":"Nemetschek AG","start_time":0,"source_url":"https://finance.yahoo.com/news/nemetschek-se-nemtf-q2-2024-192918712.html","article_id":"2474205683","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474205683","pubTimestamp":1728502158,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: Increased by 9.7% to EUR 228 million in Q2 2024.Annual Recurring Revenue : Grew by over 26% with strong growth of around 83% in subscription and SaaS revenue.EBITDA: Increased by 9.5% to EUR 61.4 million, with a margin of 27% in Q2 2024.Net Income: Grew by 27.7% to EUR 40.5 million, resulting in earnings per share of $0.36.Subscription and SaaS Revenue: Increased by 74.9% to EUR 230.9 million in the first half of 2024.Cash Conversion: Maintained a strong cash conversion rate of 109%.Net Cash Position: Grew to EUR 307 million, an increase of 82%.Equity Ratio: Improved by more than 150 basis points year over year.GuruFocus has detected 4 Warning Sign with NEMTF.Nemetschek SE  successfully closed the acquisition of GoCanvas, marking the largest acquisition in its history, which is expected to create substantial value for customers and shareholders.Nemetschek SE  achieved a high annual recurring revenue  growth of over 26%, indicating strong revenue and cash flow potential for the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NEMTF":"Nemetschek AG","NEMKY":"NEMETSCHEK SE"},"translate_title":"Nemetschek SE(NEMTF)2024年第二季度收益看涨期权亮点：强劲的收入增长和战略……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEMTF":1,"NEMKY":0.9},"content_text":"Revenue: Increased by 9.7% to EUR 228 million in Q2 2024.\nAnnual Recurring Revenue (ARR): Grew by over 26% with strong growth of around 83% in subscription and SaaS revenue.\nEBITDA: Increased by 9.5% to EUR 61.4 million, with a margin of 27% in Q2 2024.\nNet Income: Grew by 27.7% to EUR 40.5 million, resulting in earnings per share of $0.36.\nSubscription and SaaS Revenue: Increased by 74.9% to EUR 230.9 million in the first half of 2024.\nCash Conversion: Maintained a strong cash conversion rate of 109%.\nNet Cash Position: Grew to EUR 307 million, an increase of 82%.\nEquity Ratio: Improved by more than 150 basis points year over year.\n\n\nWarning! GuruFocus has detected 4 Warning Sign with NEMTF.\n\nRelease Date: July 31, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nNemetschek SE (NEMTF) successfully closed the acquisition of GoCanvas, marking the largest acquisition in its history, which is expected to create substantial value for customers and shareholders.\nThe company reported a strong growth in subscription and SaaS revenues, with an increase of around 83%, driving overall recurring revenue growth.\nNemetschek SE (NEMTF) achieved a high annual recurring revenue (ARR) growth of over 26%, indicating strong revenue and cash flow potential for the next 12 months.\nThe company maintained a strong cash conversion rate of 109% and improved its net cash position by 82% to EUR307 million.\nNemetschek SE (NEMTF) is making substantial progress in its transition to a subscription and SaaS-centric business model, with subscription and SaaS revenues now accounting for 51% of total revenues.\n\n Negative Points \n\nReported profitability was impacted by one-off costs related to M&A activities, affecting the EBITDA margin.\nThe design segment is expected to experience slower growth in Q3 due to the ongoing subscription transition and a high comparison base from the previous year.\nThe build segment's profitability declined year over year, partly due to M&A-related one-off costs.\nThe media segment faced a softer market, particularly in the US, impacting its growth potential.\nThe manage segment reported the lowest growth within the group, with a revenue increase of only 3.4%.\n\n Q & A Highlights \nQ: What revenue do you expect to consolidate this year from GoCanvas, considering its previous ARR? A: We expect a revenue haircut due to IFRS-related effects, which will impact the revenue consolidation. We are consolidating from July 1, so only half of the revenues for this year will be included, with the haircut affecting this year and the first half of next year. - Louise Oefverstroem, CFO\nQ: Have you factored in any revenue synergies from GoCanvas into this guidance? A: We have not factored in major revenue synergies for 2024. The synergies, especially with Bluebeam, will start to materialize in 2025 and beyond, as they involve product integration and other strategic initiatives. - Louise Oefverstroem, CFO\nQ: How long will it take for GoCanvas to reach group-level margins, and is there potential for margins above the group average? A: GoCanvas is on track to reach group-level margins, driven by its strong growth. While there is potential for margins above the group average, we will continue to invest in growth opportunities, balancing growth and margin to create the highest value. - Louise Oefverstroem, CFO\nQ: With the design segment's growth expected to slow in Q3, will this affect the 10% to 11% organic growth guidance? A: The expected slowdown in design growth is factored into our guidance. We anticipate lower growth in Q3 due to subscription transitions and other factors, but we remain confident in achieving our full-year guidance. - Yves Padrines, CEO\nQ: Can you provide more details on the build segment's expected growth in Q4? A: We expect the build segment's growth to more than triple in Q4, driven by Bluebeam's subscription transition and resilient demand, particularly in the US market. This growth is anticipated to offset any slower growth in other segments. - Yves Padrines, CEO\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474205683"}