Nemetschek Group: Successful start to the year in Q1 2024 with double-digit
operational revenue growth at a continued high profitability level

EQS-News: Nemetschek SE / Key word(s): Quarterly / Interim Statement
Nemetschek Group: Successful start to the year in Q1 2024 with double-digit
operational revenue growth at a continued high profitability level

30.04.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News

Nemetschek Group: Successful start to the year in Q1 2024 with double-digit
operational revenue growth at a continued high profitability level

  * +68.0% growth (currency-adjusted) in subscription & SaaS to EUR 106.3
    million

* +25.4% ARR growth (currency-adjusted) to EUR 743.6 million

* +10.3% revenue growth (currency-adjusted) to EUR 223.9 million

* EBITDA margin increases to 30.5%

* +17.4% growth in earnings per share to EUR 0.37

* Outlook for the year 2024 confirmed

Munich, April 30, 2024 - The Nemetschek Group (ISIN DE 0006452907), a global
provider of software solutions for the building and media industries, has
started the financial year 2024 with a currency-adjusted double-digit
percentage growth at a continued high profitability level. The successful
start and the overall strong operational performance are primarily driven by
strong growth of the recurring revenue base, in particular the subscription
and SaaS models, in combination with the innovative software solutions, the
ongoing internationalization as well the continued increase in operational
efficiency.

'Nemetschek had a good start to the year 2024. With our performance in the
first quarter, we have laid a good foundation to achieve our targets for the
full year,' says Yves Padrines, CEO of the Nemetschek Group. 'We see that
the pressure to digitalize in the construction industry is steadily
increasing, especially in the current challenging market environment. In
addition to our consistent focus on the transition to subscription and SaaS,
we are systematically driving forward our other strategic focus areas in
order to make the best possible use of the huge growth opportunities in our
markets. Thanks to new technologies such as digital twins, artificial
intelligence and cloud solutions, as well as our intensified go-to-market
approach, we have established strong and important growth drivers for the
future.'

Key Group Figures in Q1 2024

  * The main drivers in Q1 were once again the revenues from subscription
    and SaaS offerings, which grew over-proportionally compared to the
    Group's total revenue by 66.5% (currency-adjusted: 68.0%) to EUR 106.3
    million.

  * The annual recurring revenues (ARR) grew by 24.5% (currency-adjusted:
    25.4%) year over year to EUR 743.6 million. The ARR growth was therefore
    well above the revenue growth, which indicates a high growth potential
    in the next 12 months.

  * In line with the group's strategy, the share of recurring revenues as a
    percentage of total revenues increased in the first three months of the
    year by 10 percentage points year over year to 83.0% (previous year:
    73.0%).

  * Group revenue grew in Q1 by 9.4% year over year (currency-adjusted:
    10.3%) to EUR 223.9 million while the simultaneous transition to
    subscription and SaaS models continued successfully according to plan.

  * The earnings before interest, taxes, depreciation, and amortization
    (EBITDA) increased by 11.9% (currency-adjusted: 8.5%) compared to the
    first quarter last year and amounted to EUR 68.3 million. Consequently,
    the EBITDA margin increased to 30.5% (Q1 2023: 29.8%).

  * Net income for the quarter grew strongly by 17.4% to EUR 42.5 million,
    corresponding to earnings per share of EUR 0.37 (Q1 2023: EUR 0.31).

Strategic Highlights

  * The Group-wide transition to subscription and SaaS models is continuing
    successfully according to plan, which is reflected in the very high
    share of recurring revenues of 83.0% at the end of Q1.

  * The internationalization as well as the intensified go-to-market
    approach were also further strengthened in the first quarter. In order
    to increase its activities in the Asia-Pacific region, the Nemetschek
    Group has expanded its presence in Mumbai, India, with a new location in
    order to participate to an even greater extent from the high growth and
    market potential of this region. The focus of the Group's sales
    activities will initially concentrate on selected products and product
    packages from the brands Allplan, Bluebeam, Graphisoft, RISA, Solibri
    and Vectorworks as well as the digital twin solution dTwin. The
    attractive packages will be sold jointly under the Nemetschek Group
    brand. After Hyderabad, where Nemetschek already operates a shared
    services, development and research excellence center, Mumbai is the
    group's second location in India.

  * During the first quarter, the Nemetschek Group has entered into two new
    strategic partnerships. The partnership with Hexagon's Geosystems
    Division will drive the digital transformation of the AEC/O industry. As
    a first step, the partners are driving the use of digital twins by
    offering customers a seamlessly integrated end-to-end workflow for the
    efficient and sustainable operation of buildings.

  * In addition, the Nemetschek Group also announced an interoperability
    agreement with Autodesk, Inc.. The cooperation is intended to improve
    the efficiency in the areas of architecture, engineering, construction
    and operations (AEC/O) as well as media and entertainment. The agreement
    will expand the interoperability between the cloud and desktop products
    and make the exchange of information more efficient for customers. The
    Nemetschek Group has always been committed to and pioneering open
    industry standards to improve workflows in the construction and media
    industries.

Segment Developments in Q1 2024 (See Table)

  * The Design segment recorded a growth of 8.7% (currency-adjusted: 9.3%)
    to EUR 115.6 million in Q1. The EBITDA grew by 18.0% to EUR 35.5
    million, which corresponds to an EBITDA margin of 30.7% (Q1 2023:
    28.3%). The main growth drivers were revenues from subscriptions and
    SaaS models, which increased by around 65%. The accounting-related
    temporary dampening effects of the accelerated transition to
    subscription and SaaS are expected to have a stronger impact in the
    coming quarters in line with plan.

  * In the Build segment, the transition to subscription and SaaS models of
    Bluebeam, the Nemetschek Group's largest brand, continues to be
    successful. The share of this revenue category more than doubled from
    29.4% in Q1 2023 to more than 65% in the current quarter. Segment
    revenue in Q1 increased in line with plan by 9.0% (currency-adjusted:
    10.0%) to EUR 67.5 million despite the significant and expected decline
    in license revenue. The EBITDA margin was 31.1% (Q1 2023: 35.2%). The
    transition of the business model will have a particularly positive
    impact on growth in Q4, as the prior-year comparison basis in the final
    quarter does not include license sales for the first time.

  * The growth in the Media segment re-accelerated in Q1. Revenue increased
    by 9.7% (currency-adjusted: 10.9%) to EUR 29.4 million. The EBITDA
    margin reached a high 37.4% (prior-year period: 35.2%).

  * In the Manage segment, revenue increased to EUR 12.5 million,
    representing a growth of 9.9% (currency-adjusted: 9.9%). The EBITDA
    margin reached 6.6% (previous year: -2.7%).

Outlook for 2024 and Ambition for 2025 Confirmed

Following the successful start to the year, the Executive Board confirms the
targets already communicated for the current financial year 2024. The
currency-adjusted revenue growth is expected to be in the range of 10 to
11%. The growth in annual recurring revenue (ARR) is forecasted to grow by
around 25%, so significantly faster than Group revenues. The share of
recurring revenue as a percentage of total revenue is expected to increase
further to around 85% in 2024. The EBITDA margin is forecasted to be in the
range of 30% to 31%.

Following the further successful transition of the business to
Subscription/SaaS, Nemetschek expects a further increase in growth momentum
and a revenue growth at least in the mid-teens for the financial year 2025,
which is significantly above the expected market average.

The guidance is based on the assumption that the global macroeconomic or
industry-specific conditions will not deteriorate significantly in 2024 and
2025. Furthermore, no additional potential negative effects from the current
conflict in the Middle East and the ongoing war in Ukraine are reflected in
the outlook.

Overview of quarterly key figures (Q1-24)

    In EUR million                              Q1    Q1        in %
                                               2024  2023   in  FX-adj.
                                                            %
    ARR                                        743.6 597.4 +24- +25.4%
                                                           .5%
    Revenues                                   223.9 204.6 +9.- +10.3%
                                                            4%
    - thereof software licenses                29.8  47.6  -37- -36.9%
                                                           .5%
    - thereof recurring revenues               185.9 149.4 +24- +25.4%
                                                           .5%
    - Subscription + SaaS (part of recurring   106.3 63.8  +66- +68.0%
    revenue)                                               .5%
    EBITDA                                     68.3  61.0  +11-  +8.5%
                                                           .9%
    Margin                                     30.5% 29.8%
    EBIT                                       54.7  46.6  +17-
                                                           .3%
    Margin                                     24.4% 22.8%
    Net income (Group shares)                  42.5  36.3  +17-
                                                           .4%
    Earnings per share in EUR                  0.37  0.31  +17-
                                                           .4%
    Net income (Group shares) before           47.3  41.7  +13-
    amortization of purchase price allocation              .3%
    (PPA)
    Earnings per share before PPA in EUR       0.41  0.36  +13-
                                                           .3%

Overview of quarterly key figures per segment (Q1-24)*

    In EUR million  Q1 2024 Q1 2023  in %  in %
                                           FX-adj.
    Design
    Revenues          115.6    106.3   +8.7%    +9.3%
    EBITDA             35.5     30.0  +18.0%    +9.9%
    EBITDA margin     30.7%    28.3%
    Build
    Revenues           67.5     62.0   +9.0%   +10.0%
    EBITDA             21.0     21.8   -3.8%    -0.7%
    EBITDA margin     31.1%    35.2%
    Manage
    Revenues           12.5     11.4   +9.9%    +9.9%
    EBITDA              0.8     -0.3       -        -
    EBITDA margin      6.6%    -2.7%
    Media
    Revenues           29.4     26.8   +9.7%   +10.9%
    EBITDA             11.0      9.4  +16.5%   +17.1%
    EBITDA margin     37.4%    35.2%

* As at January 1, 2024, the Digital Twin business unit was reclassified
from the Manage segment to the Design segment and the previous year's
figures were adjusted accordingly to ensure comparability.

For further information about the company, please contact

Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 540459 250
szimmermann@nemetschek.com

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital
transformation in the AEC/O and media industries. Its intelligent software
solutions cover the entire life cycle of construction and infrastructure
projects and allow creatives to optimize their workflows. Customers can
plan, construct, and manage buildings and infrastructure more efficiently
and sustainably, and develop digital content such as visualizations, films,
and computer games in a creative way. The software company drives new
technologies and approaches such as artificial intelligence, digital twins,
and open standards (OPEN BIM) in the AEC/O industries to increase
productivity and sustainability. We are continuously expanding our
portfolio, including through investments in disruptive start-ups. More than
7 million users are currently designing the world with the customer-focused
solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963,
the Nemetschek Group today employs more than 3,400 experts.

The company, which has been listed in the MDAX and TecDAX since 1999,
achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million
in 2023.


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30.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        Nemetschek SE
                   Konrad-Zuse-Platz 1
                   81829 München
                   Germany
   Phone:          +49 (0)89 540459-0
   Fax:            +49 (0)89 540459-444
   E-mail:         investorrelations@nemetschek.com
   Internet:       www.nemetschek.com
   ISIN:           DE0006452907
   WKN:            645290
   Indices:        MDAX, TecDAX
   Listed:         Regulated Market in Berlin, Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Dusseldorf, Hamburg,
                   Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1891901

End of News EQS News Service
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1891901 30.04.2024 CET/CEST