Nemetschek reports revenue up 21% in 2019
It’s a big day for PLMish earnings, with Siemens, Hexagon and Nemetschek all announcing results for the year ending quarter, so let’s get right to it.
Nemetschek issued preliminary results which include only big-picture numbers — and they’re pretty amazing:
- Total revenue was up 21% to €557 million (up 18% in constant currencies) , ahead of the forecast of €540 million to €550 million
- And on an organic basis, revenue was up 16% (up13% in constant currencies)
- The newly acquired Spacewell brand “did well”
Axel Kaufmann, Executive Board Spokesman and CFOO said, “Nemetschek continued on its course of profitable expansion in 2019 and achieved record revenue and operating result figures for the tenth year in a row. As a result of the outstanding business development and strong positioning in our corresponding customer segments, we are well aligned for further sustainable and profitable growth.”
More details will be released on March 31, 2020.
So, what does it mean? Absent any forecast it’s a bit hard to tell but: BIM, Nemetschek’s main line of business, continues to steamroll ahead, with the technology and surrounding business processes changing how large (and, increasingly, smaller) AEC projects are carried out. But all of my spies tell me that, even if there is a construction industry slowdown in 2020, there’s no going backwards on BIM. 2020 might not be as record-breaking for Nemetschek as was 2019, but BIM will roll on.