Quirin Privatbank reiterates Buy on Nemetschek, cuts target price to EUR 98

Reuters2026/08/04 15:08

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Quirin Privatbank reiterated a Buy rating on Nemetschek, cutting its target price to EUR 98 from EUR 127.
Q2 revenue rose 13% year over year to EUR 327.7 million, 14.5% at constant currency, driven by subscription and SaaS growth.
EBITDA margin slipped to 30.1% from 30.5%, with FX headwinds and acquisition costs partly offset by operating leverage.
Management maintained 2026 organic revenue growth guidance of 14%-15% at constant currency, EBITDA margin seen at 32%-33%.
HCSS acquisition seen supporting medium-term growth, with purchase price allocation and integration costs expected to dilute margins initially.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nemetschek SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_26388) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quirin Privatbank reiterates Buy on Nemetschek, cuts target price to EUR 98

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