Nemetschek Group: Stable revenue development with high operating margin in Q2 2020 in market environment of continued uncertainty

 
Nemetschek  - Jul 31, 2020 05:47 UTC

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  • Group revenue rises by 2.7% to EUR 141.6 million in Q2, +7.6% in the first half year
  • Quarterly growth of +21.5% in recurring revenues, driven by subscriptions, growth in this half year amounts to 24.2%
  • Q2 EBITDA margin at a high 28.8%, and thus close to reaching the previous year’s level
  • Effects resulting from Covid-19 as well as foreign exchange in the important US market anticipated in the third quarter
  • In view of the global Covid-19 pandemic, cautious outlook from March for 2020 as a whole seems to be feasible and is confirmed

 

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