Overview of Nemetschek's Performance#
Nemetschek SE, a company listed on the ETR exchange, recently shared its financial results for the full year 2025. The company reported a fourth-quarter growth rate of 16.7% when adjusted for currency fluctuations, contributing to an impressive total growth of 22.6% for the year.
Quarterly Growth Trends#
While the fourth-quarter growth is notable, it marks a decrease from the 20% growth seen in the third quarter. This slowdown is attributed to tougher comparisons from the previous year. Despite this, the Build division stood out with a remarkable 36% growth in constant currency, while the other divisions experienced more modest, single-digit growth rates.
Financial Metrics#
For the full year, Nemetschek's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins improved by 90 basis points, reaching 31.2%. This indicates a stronger profitability level compared to the previous year. Additionally, multi-year contracts accounted for about 3% of the company's growth in FY25, an increase from 2% reported in the third quarter. In the fourth quarter alone, this contribution is estimated to be around 3.5%. The company also reported an increase in capitalized costs, totaling €29 million year-on-year.
Future Guidance#
Looking ahead to 2026, Nemetschek has set a growth forecast of 14% to 15% in constant currency, aligning closely with market expectations of 14%. The company anticipates EBITDA margins to range between 32% and 33%, slightly above the consensus estimate of 32.3%. This guidance suggests a stable outlook as Nemetschek continues to navigate its growth trajectory.