Our strategic partners Nemetschek Group report a flying start to 2021's Q1

We're extremely pleased to share that our strategic partners and 20% shareholders Nemetschek Group just announced a double-digit operating revenue growth and high margin level in this year's Q1. This comes as welcomed news for us and raises our hopes for another successful year after the 13% increase in Nemetschek Bulgaria income for 2020.

Nemetschek Group's key figures for 2021's Q1 include:

• +12.1% currency-adjusted revenue growth to EUR 158.4 million (+8.1% reported)

• Strong growth in recurring revenues, driven by subscription/SaaS models (+44.0%)

• +18.5% EBITDA growth to EUR 49.6 million, EBITDA margin rises to above-average 31.3%

• +37.5% increase in earnings per share to EUR 0.25

• For 2021 the company anticipates to achieve currency-adjusted revenue growth at least in the high single-digit percentage range while further increasing its share of recurring revenues

Nemetschek Group's success solidifies their position as one of EU's leading software companies with a particular focus on the digitalization in the AEC industry. And our two companies' peculiar 20+ year partnership is even more vital for both of their success, development and constant driving of innovation into various businesses.

Currently dedicated Nemetschek Bulgaria teams are involved in the development of a number of important Nemetschek Group software solutions including Bluebeam, Vectorworks, Nevaris, Crem Solutions and Spacewell, helping AEC professionals achieve more by transforming the way they design, build, collaborate and manage. 

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