DGAP-News: Nemetschek SE / Key word(s): Miscellaneous
Nemetschek Group increases its financial scope
- Additional lines of credit amounting to EUR 200 million set up with three renowned banks
Munich, July 20, 2020 - The Nemetschek Group (ISIN DE 0006452907), one of the world's leading software providers for the construction industry, has taken advantage of the current favorable financing level and increased its financial scope by adding lines of credit amounting to a total of EUR 200 million.
The bilateral credit lines were granted by the three credit institutions Commerzbank AG, UniCredit Bank AG and Deutsche Bank AG with a term of two years. Thus, the Nemetschek Group has generated a further liquidity buffer in addition to its already high level of cash and cash equivalents totaling more than EUR 150 million (as of the end of Q1 2020). This step is part of an internal realignment of the Nemetschek Group, in which the finance departments and especially the treasury have been strengthened.
"We have made use of an overall favorable environment and with the lines of credit have extended our financial scope and our flexibility in order to continue on our growth course," says Dr. Axel Kaufmann, Spokesman of the Executive Board and CFOO of the Nemetschek Group. "Moreover, these lines are an indication of the excellent reputation our Group has on the capital and finance markets."
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About the Nemetschek Group
The Nemetschek Group is a pioneer for digital transformation in the AEC industry. As the sole corporate group worldwide, Nemetschek covers the entire life cycle of building and infrastructure projects with its software solutions and guides its customers into the future of digitalization. With intelligent and innovative software solutions, the Nemetschek Group increases quality in the building process and improves the digital workflow of all those involved in the building process. This revolves around the use of open standards (Open BIM). The innovative solutions of the 16 brands in the four customer-oriented divisions are used by approximately six million users worldwide. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 2,900 experts. Publicly listed since 1999 and quoted on the MDAX and TecDAX, the company achieved revenue in the amount of EUR 556.9 million and an EBITDA of EUR 165.7 million in 2019.
20.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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