Nemetschek AG published its preliminary revenue figures for the fourth quarter and the whole year 2013.
Positive review of 2013
In the fourth quarter 2013 Nemetschek was able to accelerate growth and raise Group revenues to Euro 51.7 million, an increase of 9% on the prior year (EUR 47.4 million). For the year 2013 as a whole Group revenues rose by 6% to EUR 185.9 million (prior year: EUR 175.1 million).
"We increased our pace in the fourth quarter and achieved a very positive final quarter", stated Dr. Tobias Wagner, member of the executive board of Nemetschek AG, on the development of revenues. "In the year 2013 we expanded our solutions portfolio organically and non-organically, extended regional markets, presented innovative solutions and focused even more intensively on customer requirements", continued Wagner. Meanwhile, about 1.2 million users work with software solutions from Nemetschek.
The revenues from maintenance contracts in particular were strong contributors to growth. These increased over the whole year by 11% to EUR 89.1 million (prior year: EUR 80.1 million). The share of total revenues increased accordingly from 46% to 48%. The license revenues of EUR 87.0 million were about 2% higher than the prior year amount of EUR 85.8 million; a share of overall revenues of 47% (prior year: 49%)
Development of segments
For the Design segment the fourth quarter 2013 was the strongest: With a plus of almost 10% revenues climbed to EUR 42.2 million (prior year: EUR 38.5 million). For the whole year 2013 revenues of EUR 149.5 million were generated (prior year: EUR 141.8 million), which represents growth of 5.5%. The brands Graphisoft (Hungary) and Vectorworks (USA) have contributed materially to the positive development.
In the Build segment the growth course was accelerated by a plus in revenues of 9.6% in the fourth quarter. In total, revenues for the whole year amounted to EUR 15.4 million, an increase of 7.4% compared to the previous year (EUR 14.3 million).
The Manage segment also developed positively: With a growth of 20.2% over the whole year revenues in 2013 rose significantly to EUR 5.0 million (prior year: EUR 4.2 million). The growth path also continued in the Multimedia segment. In the year 2013 revenues rose by 8.1% to EUR 16.0 million (prior year: EUR 14.8 million).
Nemetschek AG adheres to its forecast of an EBITDA margin of between 22 and 24% of revenues.
The detailed and audited figures for the financial year 2013 will be published with the annual report 2013 on Friday, 28 March 2014.
