Nemetschek Se Unsp/Adr (NEMKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to discuss the results for the third quarter and the first nine months 2025 with us. With me today are our CEO, Yves Padrin, and our CFO, Louis Sögerström. Today's conference call is being recorded. A replay of the call will be available at our website after the call. Additionally, you will find the quarterly report, the presentation, and the press release on our investor relations website as well. But now, let's get started. So, I would like to turn over to our CEO, Yves. So, go ahead. Thank you, Stephanie. Good afternoon, everyone, and welcome to our Q3 and 9-month 2025 earnings call. As usual, we have prepared a short slide deck that our Chief Financial Officer, Louise Eferstrom, and I will briefly walk you through so that we have sufficient time for your questions afterwards. As usual, I would like to begin the presentation with our key messages on page number three. Q3 2025 was another very successful quarter for our company. Success, once again, highlights the resilience and strengths of our business model and strategy. Growth remained very strong, mainly driven by our two largest segments, design and build. The build segment continued with its extremely strong development in the third quarter, even despite the expected moderation of growth due to the fading temporary transition effect, the subscription transition of Bluebeam, and the higher associated comparison base. The design segment also delivered another very good quarter. In addition to a healthy underlying demand, the segment continued to benefit very strong momentum in its subscription transition, including an additional tailwind from multi-year contracts. As we communicated previously, these contracts are used strategically and only temporary to accelerate the transition of existing maintenance custom...