Nemetschek SE (NEMTF) Q4 2024 Earnings Call Transcript

2025-03-21 17:41:05 ET

Nemetschek SE (NEMTF)

Q4 2024 Results Conference Call

March 20, 2025 09:00 AM ET

Company Participants

Stefanie Zimmermann - Vice President, Investor Relations

Yves Padrines - Chief Executive Officer

Louise Ofverstrom - Chief Financial Officer

Conference Call Participants

George Webb - Morgan Stanley

Alice Jennings - Barclays

Knut Woller - Baader Bank

Victor Cheng - Bank of America

Joe George - JPMorgan

Naing Nay Soe - Berenberg

Nicolas David - ODDO BHF

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to the Nemetschek SE Earnings Call for the Financial Year 2024. At this time, all participants have been placed on listen-only mode. The floor will be open for your questions following the presentation.

Let me now turn the floor over to Stefanie Zimmermann.

Stefanie Zimmermann

Thank you, operator, and hello, everyone, and a big welcome. Thanks for joining our earnings call today to discuss the results for the financial year 2024 and the outlook for 2025 with us. With me today are our CFO, Yves Padrines and our CFO, Louise Ofverstrom. Today's conference call is being recorded.

A replay of the call will be available at our website after the call. Additionally, you will find the annual report, the presentation and the press release on our Investor Relations website as well.

But now let's get started. So, I would like to turn over to our CEO, Yves.

Yves Padrines

Thank you, Stefanie. Welcome, everyone, to our financial year 2024 earnings call. As usual, we have prepared a short but informative presentation on the highlights of the financial year 2024 that our CFO, Louise Ofverstrom, and I will briefly walk you through so that we have enough time to address any questions you may have during the Q&A session.

As you can see on Slide number 2, we have a few topics today that we would like to talk about. We'll start with a short review of the financial results as well as a strategic highlight of the past year 2024, before we give you an update on the considerable progress we have already made in our transition to a subscription and SaaS-centric business model. After that, I will hand over to Louise who will dig a bit deeper into important aspects of our financial results.

Finally, we will also talk about our financial outlook for the current financial year 2025. After celebrating the 60th anniversary of the Nemetschek Group in 2023, we reached another significant milestone last year, the 25th anniversary of the IPO of Nemechek SE.

The company's IPO in 1999 marked the start of an impressive success story. Over the past 25 years, Nemetschek Group has grown from a small German software provider to a leading global provider of digital solutions, the AEC/O and media industries.

His success story is first and foremost rooted in the strength of our operational business. And it is operational strength that has made 2024 another very successful year for the Nemetschek Group, despite the growing global challenges and economic uncertainties, particularly in the construction industry.

Thanks to a clear strategic direction and innovative strength, we have mastered the challenges of the market and also further strengthens our position in our AEC/O and media industries. When we translate what I just said about our past financial year into measurable KPIs, you will see on Page number 4 that we achieved or even clearly exceeded every single one of our financial goals in 2024....

Read the full article on Seeking Alpha

For further details see: