EQS-Adhoc: Nemetschek SE expands outlook for FY 2024 following the acquisition of GoCanvas - while confirming organic guidance - and announces preliminary Q2-24 figures
Source: EQS
EQS-Ad-hoc: The Executive Board continues to expect that the currency-adjusted, organic revenue growth in 2024 will be in a range of 10% to 11%. The growth in annual recurring revenue (ARR) is forecasted to grow by around 25% while the share of recurring revenue as a percentage of total revenue is expected to increase to around 85% in 2024. The EBITDA margin is forecasted to be between 30% to 31%. Based on the consolidation of GoCanvas as of The growth in annual recurring revenue (ARR) is expected to increase from around 25% to more than 30% in 2024. The share of recurring revenue as a percentage of total revenue is expected to continue to increase to around 85% in 2024. The statements on the effects of the acquisition on the 2024 financial year are subject to the proviso that important key figures, including the calculation of the purchase price allocation (PPA) for GoCanvas, will not be finalized until later in the year. The business development in the second quarter of 2024 was in line with plans. Group revenue increased by 9.7% (currency-adjusted: 9.7%) to The EBITDA in Q2 2024 increased by 9.5% year-on-year and reached As planned, Nemetschek will provide detailed information on the development of the second quarter and first half of 2024 as well as details on the expected business development in 2024 on Contact: VP Investor Relations & Corporate Communication Konrad-Zuse-Platz 1 81829 Munich P: +49 89 540459-250 M: +49 175 7211197 End of Inside Information
|
Language: | English |
Company: | |
Konrad-Zuse-Platz 1 | |
81829 München | |
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 |
EQS News ID: | 1952585 |
End of Announcement |
|
1952585 24-Jul-