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NEMETSCHEK SE ADR (NEMKY) M&A Call Transcript

Munich, April 13, 2026 (GLOBE NEWSWIRE) -- HCSS is a leading world-class construction technology solution provider for the infrastructure and heavy civil construction sectors Acquisition significantly expands the Nemetschek Groups market opportunity in the highly attractive and strongly growing infrastructure sector Perfect strategic fit: Combination of leaders in complementary construction technology verticals…

NEMETSCHEK SE ADR (NEMKY) Q4 2025 Earnings Call Transcript

The portfolio generated strong absolute returns in Q4 and 2025 but trailed the MSCI All Country World Small Mid Index over each period. Stock selection in health care was the strongest contributor to performance for both the quarter and year. Management highlighted strong demand for high-speed optical components supporting AI-driven data center growth, alongside improving margins.

Nemetschek SE is now a cautious Buy after a >50% stock price decline and improved fundamentals, despite ongoing GenAI risks. Recent quarters delivered robust results: Q3/25 revenue up 15.8% y/y, EBIT up 33.9%, and free cash flow up 48.2%. AI poses a threat to Media and Manage segments (~15% of revenue), but high switching costs and regulatory complexity protect the core Design and Build segments.