Nemetschek Reports Decline in Net Profit and EPS for Q3

Nemetschek's third quarter report shows a decline in net profit and earnings per share, contrasting with revenue growth. The Executive Board has confirmed its guidance for 2024, indicating a strategic focus amidst mixed financial indicators.

Date: 07-11-2024

AI Rating: 5

Nemetschek's third quarter report reveals a decline in net profit to equity holders, down to 39.3 million euros from 45.0 million euros in the prior year. This reduction directly impacts the earnings per share (EPS), which decreased to 0.34 euros from 0.39 euros.

Despite the decline in net profit, the company's revenue showed significant growth, increasing to 253.0 million euros from 219.8 million euros a year ago. This growth in revenue could indicate a positive trend in sales or market demand, which can be a good sign for investors.

Furthermore, the report highlights that the net income, group share before purchase price allocation, remained relatively stable at 50.8 million euros compared to 50.9 million euros from the previous year. EPS before purchase price allocation was flat at 0.44 euros, which may suggest that while there are challenges, the company is managing some aspects effectively.

Looking ahead, the confirmation of guidance for 2024 by the Executive Board is a positive element, signaling management's confidence in future performance despite current challenges.

Stocks: NEM S&P500