MUNICH, Germany, Oct 31, 2022 – The Nemetschek Group, has announced results for third quarter of 2022. For the third quarter of 2022, the company reported revenue of €202.8M, flat compared to €203.8M of second quarter with net income €38.8M.
“The industry’s efficiency shortcomings are becoming even more visible in the currently changing environment in the construction and real estate sectors. Digitalization and the usage of intelligent software solutions across a building’s life cycle are essential requirements for making construction more efficient, less resource-consuming, and more cost-effective. This success factor for our customers leads to a continued strong demand for our solutions. On top of that, we continue to expand in the Media segment which is just at the start of a long period of growth and high demand,” said Yves Padrines, CEO of the Nemetschek Group. “The successful transition to subscriptions and SaaS, which will lead to a strong increase in recurring revenues and make our business even more resilient. The same is true for our strong innovation pipeline. For example, this includes the new Bluebeam Cloud offering and our open cloud-based Digital Twin platform. Following the first nine months of the year, we are very confident that we will achieve our guidance for 2022,” continued Yves Padrines.
A complete chart of the financial results is available here.
About the Nemetschek Group
The Nemetschek Group is a pioneer for digital transformation in the AEC/O and the media & entertainment industries. With its intelligent software solutions, it covers the entire lifecycle of building and infrastructure projects, guides its customers into the future of digitalization and enables them to shape the world. As one of the leading corporate groups worldwide in this sector, the Nemetschek Group increases quality in the building process and improves the digital workflow for all those involved. Customers can design, build, and manage buildings more efficiently, sustainably and resource-saving. The focus is on the use of open standards (OPEN BIM). The portfolio also includes digital solutions for visualization, 3D modeling, and animation. The innovative solutions of the brands ALLPLAN, Bluebeam, Crem Solutions, dRofus, FRILO, Graphisoft, Maxon, Nevaris, RISA, SCIA, Solibri, Spacewell and Vectorworks in the four customer-oriented segments are used by approximately 6.5 million users worldwide. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs around 3,500 experts all over the world.
For more information, visit www.nemetschek.com.