Nemetschek Group Sets Sights on Sustained Profitable Growth After a Successful 2023

Following a year where all financial targets were exceeded, Nemetschek Group has outlined ambitions for continued profitable growth into 2024 and beyond. The Munich-based software provider, renowned for its solutions in the building and media industries, reported an 8.0% revenue growth for 2023, adjusting for currency effects, and an EBITDA margin of 30.3%. Furthermore, subscription and SaaS revenues soared by 51.1% to EUR 301.8 million, reflecting the company’s successful transition to recurring revenue models.

For 2024, Nemetschek anticipates a return to double-digit growth, projecting a 10% to 11% increase in currency-adjusted revenue and an EBITDA margin between 30% and 31%. This outlook is set against a backdrop of continued subscription and SaaS model transition and economic challenges, particularly within the European construction sector. By 2025, the group expects to accelerate growth further, aiming for mid-teens revenue growth.

Yves Padrines, CEO of Nemetschek Group, emphasized the resilience and strength of the company’s business model amidst market challenges. The group’s dedication to internationalization, increased recurring revenues, and innovation, particularly in new technologies like AI and digital twins, positions Nemetschek to capitalize on the significant potential within its markets. The group also reported a strategic focus on enhancing its business structures and processes to harness future growth opportunities more effectively.