Berenberg maintains Buy rating for Nemetschek SE with 125 Euro price target ahead of 2025 annual results.

Berenberg maintains Buy rating for Nemetschek SE with 125 Euro price target ahead of 2025 annual results. On March 16, 2026, the investment bank reaffirmed its positive outlook for the Munich-based software provider, citing strong growth potential driven by AI integration and cloud-based subscription models. This announcement precedes the official release of the 2025 fiscal year results scheduled for March 19, 2026, where the company is expected to report revenue of approximately 1.2 billion euros, representing a 22.6 percent year-over-year increase.

Nemetschek occupies a critical position in the construction software value chain, providing BIM-compliant tools that facilitate the digital transformation of the architecture, engineering, and construction sectors. By integrating AI to automate repetitive design and cost-calculation tasks, the company differentiates itself from competitors by increasing workflow efficiency across the entire building lifecycle. As the DACH region mandates stricter Open BIM standards, Nemetschek's ability to convert its six million users to recurring cloud revenue streams remains a primary driver of its 31.2 percent EBITDA margin. The company's performance serves as a benchmark for the broader software-driven industrial digitalization market.

Nemetschek must now demonstrate that its AI-driven efficiency gains are translating into sustained margin expansion during the upcoming earnings call. Investors should focus on the reported retention rates and the speed of the transition to subscription-based licensing models. The company's ability to maintain its growth trajectory in the face of broader tech-sector volatility will depend on the successful monetization of its integrated software portfolio across the Design, Build, and Manage segments.