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FX.co ★ Nemetschek Q3 Net Profit Declines - Quick Facts

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typeContent_19130:::2024-11-07T06:29:00

Nemetschek Q3 Net Profit Declines - Quick Facts

Nemetschek has announced a decline in its net profit attributable to parent equity holders for the third quarter, falling to 39.3 million euros from last year's 45.0 million euros. Earnings per share decreased to 0.34 euros, down from 0.39 euros previously. The Group's net income, before accounting for purchase price allocation, remained relatively stable, coming in at 50.8 million euros compared to the previous year's 50.9 million euros. Similarly, earnings per share before purchase price allocation held steady at 0.44 euros, consistent with the prior year.

Despite this, third-quarter revenues showed a significant increase, climbing to 253.0 million euros, up from 219.8 million euros in the previous year.

Looking ahead, the Executive Board has reaffirmed its forecast for 2024.

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