Nemetschek SE increases revenue and EBITDA forecast for current financial year 2016
Ad hoc notification
Nemetschek Group increases revenue and EBITDA forecast for current financial year 2016
- Forecast revenue range rises to EUR 338 million to EUR 341 million (+18% to +20% compared to the previous year)
- EBITDA is now expected to be between EUR 89 million and EUR 91 million
Munich, October 10, 2016 - Due to its strong growth dynamics and better than anticipated business development, the Nemetschek Group (ISIN DE0006452907) is raising the forecast for its revenue and operating earnings (EBITDA) for the current financial year 2016. The new forecast envisages revenues in the range of EUR 338 million to EUR 341 million (previously: EUR 319 million to EUR 325 million). Compared to the previous year, this results in a planned growth in revenue (EUR 285.3 million) of +18% to +20% (previously: +12% to +14%). The operating EBITDA (adjusted for the positive one-time effect of EUR 1.9 million which occurred in the 2nd quarter) is now expected to be in the range of EUR 89 million to EUR 91 million. Compared to the previous year's value (EUR 69.5 million), this would correspond to a rise of +28% to +31% (previous forecast: EUR 77 million to EUR 80 million).
The positive business development, which continued in the third quarter of 2016, is attributable in particular to strong organic growth and increased internationalization. Further growth effects are as a result of Solibri, based in Finland, which was acquired at the end of 2015, and Design Data in the USA, which was acquired as of August 1, 2016.
The Nemetschek Group will be releasing the 9-month report and all key figures on Q3 2016 as planned on October 28, 2016.
Contact: Stefanie Zimmermann Director Investor Relations & Corporate Communication NEMETSCHEK SE Konrad-Zuse-Platz 1 81829 Munich P: +49 89 92793-1229 M: +49 175 7211197
10.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language: English Company: Nemetschek SE Konrad-Zuse-Platz 1 81829 München Germany Phone: +49 (0)89 92 793-0 Fax: +49 (0)89 927 93-5200 E-mail: email@example.com Internet: www.nemetschek.com ISIN: DE0006452907 WKN: 645290 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service