The four segments of the Nemetschek Group were affected to varying degrees by the coronavirus in 2020 due to their regional focuses and customer groups (see table).
- The Design segment, which focuses on Europe, felt the effects of the crisis early on, but reported a clear stabilization in the second half of the year. At EUR 314.9 million, revenues in 2020 were up slightly on the previous year (EUR 314.7 million), while the EBITDA margin remained high at 30.4% (previous year: 31.1%).
- The Build segment, with its focus on the construction industry in the USA, felt the effects of the crisis with a time lag, as expected. Revenues increased by 8.7% (adjusted for currency effects: 10.3%) to EUR 193.0 million. The EBITDA margin was up as compared to the previous year at 36.3% (34.7%).
- In the still young Manage segment, too, the effects of the Covid-19 pandemic were felt with a time lag. Overall, growth of 6.2% (adjusted for currency effects: 6.3%) to EUR 40.9 million was reported. The EBITDA margin was 9.0% due to investments in future growth.
- The Media & Entertainment segment was strengthened by the acquisition of US company Red Giant. Despite simultaneous switch to subscription models, significant growth of 62.8% (adjusted for currency effects: 65.0%) to EUR 55.2 million was achieved. Organic growth was also impressive at 20.6%. The EBITDA margin rose to 28.1% (previous year: 27.8%).
Strategic priorities: Focus on stronger integration and recurring revenues
A key focus in 2021 continues to be a more intensive bundling of the competencies of the Nemetschek brands in the four segments. In the Design segment, on the product side two cross-brand workflow solutions (Integrated and Federated Design) were successfully launched on the market for the first time in 2020. Moving forward, the Group's internal complexity will be reduced, synergies created and overarching solutions developed for customers from a single source.