Nemetschek: The prognosis is too conservative

The analysts at Baader expect Nemetschek to generate sales of 144.9 million euros in the third quarter. The EBITDA is expected to be 41.2 million euros. A profit of EUR 0.18 is expected per share. Nemetschek will publish figures for the third quarter on October 29th.

For the year as a whole, the analysts expect the company to generate sales of EUR 592.2 million and EBITDA of EUR 167.6 million. Nemetschek had an EBITDA of 165.7 million euros in 2019. For the current year Nemetschek is assuming an EBITDA margin of more than 26 percent. This would make an EBITDA of at least 155 million euros likely. From the analyst’s point of view, this is a conservative approach, as shown by their estimate.

The experts confirm the “reduce” rating for Nemetschek shares. The price target is stated at EUR 54.00.

From their point of view, the good prospects are largely priced into the course.

The shares of Nemetschek lose 2.6 percent to 62.15 euros at noon.


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