Nemetschek (NEMTF) [ETR:NEM] has released its preliminary Q4 financial figures on February 5. The results were as expected, solid and in line with our and market estimates. The company provided only headline figures - revenue and EBITDA, with the full set of results scheduled for March 31 together with the guidance and conference call.
Following the results, the stock reaction was strong at c. +5% while subsequently closing at +3.5% and hitting its all-time high of €68, which is in our view overdone.
The full set of figures, as well as new financial targets, will