Nemetschek revenue up 10.4% in 2010

The Munich-based AEC software developer says it has returned to the top spot in the European market, overtaking Autodesk.

Inotera Corporate headquarters in Taipei, Taiwan; designed in Nemetschek Allplan.

AEC software vendor Nemetschek AG (NEM.DE; XETRA) saw annual revenue increase by 10.4% to €149.7 million ($218 million) in 2010. The company says business has recovered well in most key markets, especially in Germany and neighboring northern European countries.

The Nemetschek Group is Europe’s largest vendor of software for architecture and construction. The company offers solutions for most of the construction value chain. The best-known products are BIM-based CAD products Allplan, ArchiCAD, and Vectorworks; Scia for structural engineering; Allfa for facilities management; and the Maxon family of image rendering products which also are used outside AEC. It also offers construction and facilities services in German-speaking countries. 81% of revenue is from design software;

Nemetschek annual revenue by business segment. (All charts courtesy Nemetschek Group)

Net income rose 55% in 2010, from 2009’s €12.2 million ($17.7 million) to €19.9 million ($29 million). The board of directors plans to vote on a doubling of the shareholder dividend in May, to €1. It is routine for European software companies to pay shareholder dividends, while US software companies almost never pay dividends.

Cash per share is $4.63, up from $3.46 a year earlier.

Four charts follow, all supplied by Nemetschek.

Based on research supplied by UK analyst firm Cambashi, Nemetschek has retaken the top spot for AEC vendors in Europe in 2010. Autodesk was first in 2009.
Globally Nemetschek is second only to Autodesk in AEC software revenue.
Nemetschek revenue has grown for two years since the 2009 downturn.
A majority of Nemetschek revenue comes from Europe.