Nemetschek SE

Quarterly Report • Nov 6, 2009

Quarterly Statement as of September 30, 2009

To our Shareholders

Dear shareholders, ladies and gentlemen,

As expected, the third quarter of 2009 was difficult, particularly as sales revenues are traditionally lower in the summer quarter. Nevertheless, the Nemetschek Group performed well in an industry comparison: in 2009, our competitors were more seriously affected by the global economic crisis.

We were helped not least by our strong domestic base. Germany's construction industry had already been through difficult times when the markets suffered globally, and that prevented a severe drop. In addition, the government's massive economic programs are slowly starting to have an effect: while economic and residential building has weakened, investment in refurbishment and the preservation of existing buildings has risen sharply.

The Nemetschek Group is also profiting from this. With its solutions for energy-efficient construction and renovation, the current software programs address exactly the right topics in the area of planning. With its software version ArchiCAD 13, Graphisoft has taken a real quantum leap: with the new Teamwork function, users can work on joint projects in the network on a location-independent basis – an important theme particularly for different architecture offices working together on one project.

The new software releases of Vectorworks and our multimedia subsidiary Maxon have also been well-received. In addition the US market appears to be stabilizing at low level. But we will have to wait and see how long the signs of initial economic recovery will last - the crisis has not yet been weathered.

However, the Nemetschek Group is confident it will be able to meet its forecasts. This means we should be able to keep our operating margin largely stable with a fall in sales of around 10 percent. We have proven many times that we have firm control over our costs.

That will not prevent us from continuing to invest in the future. The Group will continue to invest more than 20 percent of its sales revenues in research and development. In addition, we are working resolutely on expanding our partner network. In order to offer customers comprehensive solutions, Nemetschek requires partners – and we have taken a major step forward in this respect in recent months.

For example, Allplan is working with the Swiss company Plancal, an international provider of building services software, on an integrated solution for architecture, engineering and building services on the basis of the vendor-independent data exchange format IFC.

The integrated offering of software solutions on the basis of IFC is also the focus of the most recent cooperation agreement between Nemetschek AG and the Finnish Tekla Corporation. Our products and the software solutions from Tekla with their focus on steel construction and production preparation complement each other excellently. Together, our subsidiaries and Tekla are working to optimize data exchange between their programs and will coordinate their product offering for multidisciplinary architecture and engineering offices.

This proves how seriously we take our strategy of growing together with partners. That is only possible on the basis of free, vendor-independent data exchange. The group is committed to this in many ways – for more information, see pages 4 and 11.

I would like to thank all shareholders for their confidence.

Yours,

Ernst Homolka CEO

The Share

On the up once again

After a somewhat weak start – at 10 euros, the price reached its month low on July 1 - the Nemetschek share continuously rose in the 3rd quarter and even outperformed individual indexes such as the TecDax. On July 16, the price rose to almost 14 euros and with 68,000 achieved the highest single-day sales of the year to date. The half-year figures published at the start of August boosted the value further. After Goldman Sachs increased the price target from 23 to 24.50 euros, shares surpassed the 14 euro mark. On September 9, the stock achieved its high of the year to date, 15.24 euros. However, this was followed by profit-taking, so that the value at the end of the quarter was 13.85 euros. Since then, shares have stabilized at a level around 15 euros, and have therefore tripled in value since the lowest point in March 2009.

Price development of the Nemetschek Share from September 1, 2008 onward

Price development of the Nemetschek share in comparison to the TecDAX (indexed) Nemetschek TecDAX

Nemetschek Group at a glance

	September 30, 2009 Millions of €		September 30, 2008	Change
Revenues		96.9	109.0	–11%
Operating income		99.2	110.9	–11%
Gross Profit		93.4	103.9	–10%
as % of revenue		96%	95%
EBITDA		18.9	22.7	–17%
as % of revenue		20%	21%
per share in €		1.96	2.36
EBIT		11.7	15.2	–23%
as % of revenue		12%	14%
per share in €		1.22	1.58
Net income (Group shares) without PPA effects *)		10.9	13.7	–20%
per share in €		1.13	1.42
Net income (Group shares)		6.3	8.9	–29%
per share in €		0.65	0.93
Net income		6.5	9.4	–30%
Cash flow from operating activities		18.1	22.8	–21%
Cash and cash equivalents **)		26.7	23.2		15%
Equity **)		73.7	67.9		9%
Equity quote **)		46%	41%
Average number of outstanding shares (undiluted)	9,625,000		9,625,000		0

*) PPA = Purchase Price Allocation

**) Presentation of previous year as of December 31, 2008

Nemetschek focuses on open data exchange

Since the end of the 1990s, productivity has stagnated in the German construction industry. Sharp declines in the economy are also afflicting the industry. In the United States, the situation is even worse: there, productivity has been falling for 40 years. The need to act is clear – across the world, the sector must become more efficient and above all, must communicate and cooperate more effectively.

Architect, construction engineer, building service provider or building contractor – no-one can avoid the subject of "Building Information Modeling" (BIM) any longer. BIM is the integrated process of planning, building and management, supported by a consistent, digital building model. This model – created using object-oriented, 3-dimensional CAD software – integrates both geometric and descriptive information and is enhanced with other details by all those involved in the process. Data is no longer lost, and does not have to be input again for each new process step – for example following changes requested by the building client.

That, at least, is the ideal case. For smooth data exchange, however, industrial standards are required that everyone observes. The industry association buildingSmart, which wants to promote BIM on an international level, has therefore developed the "Industry Foundation Classes" (IFC). IFC is a vendor-independent, freely-available data exchange format that has proven particularly efficient for the exchange of 3D object-oriented planning data in the building industry. You could see IFC as a type of template that defines how designers can import and export the relevant data into and out of the building model – completely independent of the kind of software used by the cooperation partner.

Extensive support for buildingSMART

It sounds simple, but the devil is in the detail and practical clarification and tests are required. Here the Nemetschek Group is involved in many ways. The company already offers software solutions that communicate with each other on the basis of IFC. At the same time, Nemetschek needs to cooperate with partners in order to satisfy its customers' many requirements. Functioning data exchange is a fundamental requirement here.

It is therefore no coincidence that all architecture programs under the Nemetschek umbrella and the Scia Engineer structural analysis software are IFC-certified. This means that the Nemetschek development departments can implement IFC with a high level of quality. In addition, group representatives are involved in the national and international management boards of the buildingSmart initiative and are members of topic-oriented working groups. At the same time, the Nemetschek subsidiaries are working on the practical implementation of the IFC format. A cooperation between Allplan and Plancal, a provider of building services software (HVAC), for example, is working on optimizing data exchange in both directions with the help of IFC. Each party defines which information it needs from the other, so that they

do not overload each other with unnecessary details. The aim of this cooperation is to offer an integrated solution for architecture, engineering and building services on the basis of an integrated 3D building model. In a buildingSMART working group, Nemetschek Scia is honing the IFC interfaces of its structural program to other design programs and to the engineering programs offered by other software vendors. Graphisoft and Vectorworks are involved in the "Aquariums" of the buildingSMART initiative (see p. 11).

In practice, Germany is perhaps not yet one of the pioneers of BIM – in contrast to a few of the Scandinavian countries. However, things are changing in the industry: Recently, associations and chambers approved the "Leitbild Bau" [Building Mission Statement], in which all those involved have, for the first time, committed to a joint strategic vision for BIM.

Building Information Modeling, the integrated process on the basis of a digital building model, leads to more efficiency on building sites - provided the data exchange works

Report on the Earnings, Financial, and Asset Situation

EBITDA margin stable at 20%

After nine months, the Nemetschek Group was able to keep its EBITDA margin stable at 20% (previous year: 21%) despite the anticipated drop in revenues. Compared to the same strong period in the previous year revenues dropped by 11% from 109.0 million euros to 96.9 million euros. The group EBITDA was 18.9 million euros (previous year: 22.7 million euros). At 6.5 million euros, net income was below the

previous year's level (9.4 million euros). The Group achieved cash flow from operating activities of 18.1 million euros compared to 22.8 million euros in the same period of the previous year.

Revenues from maintenance contracts up slightly

Compared to the same period of the previous year, the Nemetschek Group increased revenues from maintenance contracts from 45.3 mil-

Consolidated statement of comprehensive income

for the period from January 1 to September 30, 2009 and January 1 to September 30, 2008

	Thousands of € 3rd quarter 2009	3rd quarter 2008	9 month 2009	9 month 2008
Revenues	31,695	35,638	96,914	108,986
Own work capitalized	25	23	138	115
Other operating income	413	742	2,138	1,814
Operating Income	32,133	36,403	99,190	110,915
Cost of materials / cost of purchased services	–2,113	–2,448	–5,795	–7,020
Personnel expenses	–14,343	–14,950	–45,155	–45,493
Depreciation of property, plant and equipment and amortization of intangible assets	–2,377	–2,664	–7,197	–7,495
thereof amortization of intangible assets due to purchase price allocation	–1,763	–1,846	–5,344	–5,537
Other operating expenses	–9,682	–11,555	–29,333	–35,699
Operating expenses	–28,515	–31,617	–87,480	–95,707
Operating results (EBIT)	3,618	4,786	11,710	15,208
Interest income	30	342	254	1,525
Interest expenses	–988	–1,605	–3,029	–3,854
Income from associates	42	82	129	215
Earnings before taxes	2,702	3,605	9,064	13,094
Income taxes	–871	–1,203	–2,524	–3,726
Net income for the year	1,831	2,402	6,540	9,368
Other comprehensive income:
Difference from currency translation	–266	556	–700	1,266
Total comprehensive income for the year	1,565	2,958	5,840	10,634
Net income for the year attributable to:
Equity holders of the parent	1,683	2,251	6,297	8,912
Minority interests	148	151	243	456
Net income for the year	1,831	2,402	6,540	9,368
Total comprehensive income for the year attributable to:
Equity holders of the parent	1,417	2,807	5,597	10,178
Minority interests	148	151	243	456
Total comprehensive income for the year	1,565	2,958	5,840	10,634
Earnings per share (undiluted) in euros	0.17	0.23	0.65	0.93
Earnings per share (diluted) in euros	0.17	0.23	0.65	0.93
Average number of shares outstanding (undiluted)	9,625,000	9,625,000	9,625,000	9,625,000
Average number of shares outstanding (diluted)	9,625,000	9,625,000	9,625,000	9,625,000

lion euros to 46.1 million euros. Revenues from maintenance contracts therefore made up 48 % of the total revenues (previous year: 42 %). Revenues from the sale of licenses fell by 21 % from 55.9 million euros to 44.0 million euros.

Revenues in Germany slightly higher than in previous year

In the domestic market, the Nemetschek Group was able to increase revenues slightly to 42.0 million euros (previous year: 41.3 million euros). As a result of the economic situation, the revenue development abroad – in particular in the United States, Japan and the United Kingdom – was negative and amounted to 54.9 million euros (previous year: 67.7 million euros). Foreign revenue therefore made up 57 % (previous year: 62 %) of the total revenues.

Profitable segments

The companies in the Design segment achieved revenues of 78.4 million euros (previous year: 90.2 million euros). The EBITDA margin was 17 % (previous year: 20 %). The companies in the Build segment reported growth of 5 % over the previous year. In this segment, revenues increased to 9.8 million euros (previous year: 9.3 million euros). The EBITDA margin was 34 % (previous year: 27 %). The Manage segment achieved revenues of 3.0 million euros (previous year: 3.1 million euros), and the EBITDA margin was 16 % (previous year: 19 %). The Multimedia segment reported revenues of 5.8 million euros (previous year: 6.3 million euros). The EBITDA amounted to 1.5 million euros (previous year: 1.9 million euros), corresponding to an operating margin of 26 % (previous year: 30 %).

Consolidated statement of financial position

as of September 30, 2009 and as of December 31, 2008

Assets Thousands of €	September 30, 2009	December 31, 2008
Current assets
Cash and cash equivalents	26,705	23,227
Trade receivables, net	17,658	20,314
Inventories	1,030	651
Tax refunded claims for income taxes	2,539	2,840
Current financial assets	489	139
Other current assets	3,944	4,815
Current assets, total	52,365	51,986
Non-current assets
Property, plant and equipment	3,785	4,327
Intangible assets	49,471	54,599
Goodwill	51,886	52,079
Associates /investments	553	659
Deferred tax assets	1,827	2,043
Non-current financial assets	903	1,010
Other non-current assets	704	706
Non-current assets, total	109,129	115,423

Total assets	161,494	167,409

Costs significantly reduced

Thanks to strict cost management measures Nemetschek achieved an EBITDA of 18.9 million euros despite the drop in revenues in the first nine months (previous year: 22.7 million euros). Operating expenses were reduced by a total of 9 %. The measures implemented to date will continue to have a positive effect on the result. Personnel expenses fell by 6 % compared to the second quarter. The group reduced other operating expenses by 18 % from 35.7 million euros to 29.3 million euros. This is due to numerous individual measures throughout all of the group companies, including savings in advertising, sales expenditures and external personnel costs. Following depreciation from purchase price allocation of 5.3 million euros and interest of

3.0 million euros from the bank loans, the net income was 6.5 million euros (previous year: 9.4 million euros). The financial result contains the interest expenses resulting from the negative market valuation of the interest hedge of 1.2 million euros. The earnings per share (consolidated shares, basic) are 0.65 euros, compared to 0.93 euros in the previous year.

Cash flow from operating activities at 18 million euros

In the first nine months, the Nemetschek Group generated a cash flow of 18.1 million euros from current business activities (previous year: 22.8 million euros). The cash flow for the period reached 17.8 million euros (previous year: 20.5 million euros). This is largely attribut-

Equity and liabilities Thousands of €	September 30, 2009	December 31, 2008
Current liabilities
Short-term loans and current portion of long-term loans	8,220	8,077
Trade payables	3,099	6,640
Payments on account	124	151
Provisions and accrued liabilities	9,633	11,547
Deferred revenue	18,572	12,133
Income tax liabilities	1,992	1,524
Other current liabilities	2,696	6,225
Current liabilities, total	44,336	46,297
Non-current liabilities
Long-term loans without current portion	31,881	41,324
Deferred tax liabilities	6,993	8,432
Pension provisions	553	513
Non-current financial obligations	3,490	2,326
Other non-current liabilities	564	613
Non-current liabilities, total	43,481	53,208
Equity
Subscribed capital	9,625	9,625
Capital reserve	41,611	41,611
Revenue reserve	52	52
Currency translation	–3,742	–3,042
Retained earnings	24,710	18,413
Equity (Group shares)	72,256	66,659
Minority interests	1,421	1,245
Equity, total	73,677	67,904
Total equity and liabilities	161,494	167,409

Consolidated cash flow statement

for the period from January 1 to September 30, 2009 and January 1 to September 30, 2008

Thousands of €	2009	2008
Profit (before tax)	9,064	13,094
Depreciation and amortization of fixed assets	7,197	7,495
Change in pension provision	40	37
Non-cash transactions	1,576	–159
Income from associates	–129	–215
Losses from disposals of fixed assets	22	211
Cash flow for the period	17,770	20,463
Interest income	–254	–1,525
Interest expenses	3,029	3,854
Change in other provisions and accrued liabilities	–1,914	–1,612
Change in trade receivables	2,244	2,746
Change in other assets	2,896	1,572
Change in trade payables	–3,541	–2,795
Change in other liabilities	–551	993
Cash received from distributions of associates	235	284
Interest received	253	854
Income taxes received	605	456
Income taxes paid	–2,659	–2,502
Cash flow from operating activities	18,113	22,788
Capital expenditure	–1,660	–3,651
Changes in liabilities from acquisitions	–1,299	273
Cash received from the disposal of fixed assets	78	220
Cash flow from investing activities	–2,881	–3,158
Dividend payments	0	–6,256
Minority interests paid	–67	–703
Repayments of borrowings	–9,651	–14,771
Interest paid	–1,831	–3,086
Cash flow from financing activities	–11,549	–24,816
Changes in cash and cash equivalents	3,683	–5,186
Effect of exchange rate differences on cash and cash equivalents	–205	286
Cash and cash equivalents at the beginning of the period	23,227	29,121
Cash and cash equivalents at the end of the period	26,705	24,221

Consolidated segment reporting

from January 1 to September 30, 2009 and January 1 to September 30, 2008

2009 Thousands of €	Total	Elimination	Design	Build	Manage	Multimedia
Revenue, external	96,914		78,359	9,760	3,026	5,769
Intersegment revenue	0	–364	0	7	13	344
Total revenue	96,914	–364	78,359	9,767	3,039	6,113
EBITDA	18,907		13,576	3,362	475	1,494
Depreciation/amortization	–7,197		–6,916	–104	–41	–136
EBIT (Segment operating result)	11,710		6,660	3,258	434	1,358

2008 Thousands of €	Total	Elimination	Design	Build	Manage	Multimedia
Revenue, external	108,986		90,221	9,322	3,109	6,334
Intersegment revenue	0	–447	0	19	10	418
Total revenue	108,986	–447	90,221	9,341	3,119	6,752
EBITDA	22,703		17,711	2,491	575	1,926
Depreciation/amortization	–7,495		–7,060	–103	–201	–131
EBIT (Segment operating result)	15,208		10,651	2,388	374	1,795

Statement of changes in group equity

for the period from January 1 to September 30, 2009 and January 1 to September 30, 2008

	Equity attributable to the parent company's shareholders
Thousands of €	Subscribed capital	Capital reserve	Revenue reserve	Currency translation	Retained earnings	Total	Minority interests	Total equity
As of January 1, 2008	9,625	41,646	52	–4,169	14,395	61,549	1,337	62,886
Difference from currency translation				1,266		1,266		1,266
Net income of the year					8,912	8,912	456	9,368
Total comprehensive income for the year	0	0	0	1,266	8,912	10,178	456	10,634
Share-based payments		–158				–158		–158
Dividend payments minorities					–35	–35	–668	–703
Dividend payment					–6,256	–6,256		–6,256
As of September 30, 2008	9,625	41,488	52	–2,903	17,016	65,278	1,125	66,403
As of January 1, 2009	9,625	41,611	52	–3,042	18,413	66,659	1,245	67,904
Difference from currency translation				–700		–700		–700
Net income of the year					6,297	6,297	243	6,540
Total comprehensive income for the year	0	0	0	–700	6,297	5,597	243	5,840
Dividend payments minorities						0	–67	–67
As of September 30, 2009	9,625	41,611	52	–3,742	24,710	72,256	1,421	73,677

able to the drop of 4.0 million euros in earnings before taxes. The cash flow from investment activities amounted to -2.9 million euros (previous year: -3.2 million euros). Besides significantly reduced investments in the replacement of fixed assets, this also includes final payments for the variable purchase price debts already reported in the balance sheet for the acquisition of the Scia Group as well as Nemetschek Bausoftware GmbH. The cash flow from financing activities amounted to -11.5 million euros (previous year: -24.8 million euros). The Nemetschek Group had repaid a total of 9.6 million euros from loans by September 30, 2009. The previous year's value essentially included debt repayments amounting to 14.8 million euros as well as dividend payments of 6.3 million euros.

Net debt reduced to 13 million euros

Compared to December 31, 2008, the liquid assets increased by 3.5 million euros to 26.7 million euros. As a result, the Group's net debt is 13.0 million euros (December 31, 2008: 26.1 million euros). Paid interest fell to 1.8 million euros (previous year: 3.1 million euros). In the fourth quarter, further loan repayments are planned, consisting of mandatory (3.5 million euros) and extraordinary repayments.

At 52.4 million euros, the current assets remained at practically the same level as in the previous year (December 31, 2008: 52.0 million euros). The value of non-current assets fell to 109.1 million euros (December 31, 2008: 115.4 million euros). This was primarily the result of planned depreciation of asset values from purchase price allocation.

Equity ratio at 46 %

7.9 million euros of the current liabilities relate to the current portion of the bank loan from the Graphisoft acquisition. 31.8 million euros of the non-current liabilities relate to the long-term portion of the bank loan. The equity ratio was 46 % (December 31, 2008: 41 %). Equity is 73.7 million euros (December 31, 2008: 67.9 million euros).

Events after the end of the reporting period

There were no significant events after the end of the reporting period.

Employees

On September 30, 2009, the Nemetschek Group employed 1,069 people (December 31, 2008: 1,114).

Shares owned by the board members

As of September 30, 2009 there is no change in the share ownership of the board members: Professor Georg Nemetschek (supervisory board) owns 1,411,322 shares; Ernst Homolka (managing board) owns 225 shares.

Report on significant transactions with associated companies and individuals

There are no significant changes compared to the information provided in the consolidated financial statements as per December 31, 2008.

Opportunity and risk report

Please see the consolidated financial report of December 31, 2008 for details on the most significant opportunities and risks for the prospective development of the group in 2009. There have been no major changes in the meantime.

Report on forecasts and other statements on prospective development

The construction industry is suffering as a result of the global economic crisis: for the European construction industry, the industry association Euroconstruct expects a drop in revenues of 9.9 percent in 2009 and predicts a further slight fall in growth of 2.2 percent for 2010. Worldwide, the fall in 2009 will be even greater. Germany is still performing comparatively well: here, the construction industry association HDB expects a fall in revenues of 3 percent for the current year. The comparatively stable development of the German construction industry – which is also reflected in Nemetschek's revenues – is due not least to the economic programs that are slowly making an impact. While economic and residential building is depressed, investment in refurbishment and the preservation of existing buildings, for example, has risen significantly.

In view of its strong position on the domestic market, stable revenues from maintenance contracts and its innovative software solutions, particularly for refurbishment and energy-efficient building, the Nemetschek Group still expects to be able to limit the drop in revenues for 2009 as a whole to around 10 percent and to keep the group's operating margin (EBITDA margin) in the range of 20 percent.

Notes on the Quarterly Statement based on IFRS

The Nemetschek Group's quarterly statement is compiled in accordance with the International Accounting Standards Board's (IASB) International Financial Reporting Standards (IFRS). In contrast to December 31, 2008 the consolidated earning statement was drawn up in accordance with IAS 1 (revised 2007) based on the "one statement approach" as of March 31, 2009. The quarterly statement on September 30, 2009 has not been audited and has not undergone an audit review. It is based on the same accounting, appraisal and calculation methods as the consolidated statement dated December 31, 2008. The group of companies corresponds to the situation on December 31, 2008.

To promote the subject of "Building Information Modeling" (BIM) in the construction industry worldwide (see page 4), the buildingSMART initiative has set up "Aquariums". These are industry-representative pilot projects within which practical experiences are gathered together and made accessible for all, and practical solutions are developed for the exchange of valuable planning data.

In these Aquariums there is a lot of activity: building clients, designers, software developers and other experts from a wide variety of areas relating to construction are enhancing detailed templates for the use of 3D object-oriented planning data in the construction industry on the basis of the Industry Foundation Classes (IFC) – a vendor-independent, freely available data exchange format. Based on the idea

of a real aquarium, which provides a view of what's happening under water from all sides, observers can track in detail and from the outside how participants are optimizing the digital process step by step and can see the advantages the new software solutions offer the participants in the Aquarium.

The process in this transparent construct is usually divided into three phases: first, participants define their requirements relating to the project or the other experts involved. Among other things, they define which data and facts they do and do not need from other parties for their tasks. Once this information has been de-

fined, the IT developers involved modify the required software accordingly. In the third step, the developed solutions are implemented and the pilot test is conducted.

The results from the Aquariums offer considerable advantages to all those involved: they make it possible to make effective decisions at an earlier stage, reduce the sources of errors or make corrections to specifications at an early stage. Among other things, they render unnecessary the huge volumes of paper the participants would previously have had to struggle with manually.

It's an advantage that also impressed the Corps of Engineers: responsible for the construction and maintenance of US military institutions and

the coordinator of state infrastructure construction orders, the civil engineers of the US army set up a precursor of the "AEC-FM-Handover" Aquarium called COBIE (Constructions Operations Building Information Exchange) in 2008. It concentrated on data exchange in the life cycle of a building - starting with the early design phase and with the aim of gathering together all the relevant information at an early stage in order to determine the required quantities, for example, or the future energy requirement, and to avoid costly subsequent improvements.

Graphisoft – involved from the start

The participants in the COBIE project included the Hungarian Nemetschek subsidiary Graphisoft, which had already had relevant experience with pilot projects of this type. For COBIE, Graphisoft and its

CAD system ArchiCAD provided exactly the data needed for the key analyses in the design phase.

For the Corps of Engineers, however, COBIE was just the first step: ultimately, they want to simplify the management of the buildings they are responsible for. Among other things, in future they want to contractually define how and in what form building data is to be delivered to them at the end of a planning and construction process. In Germany, where the Corps of Engineers also operates and manages buildings, similar demands are likewise being heard.

This is precisely the subject of the current successor project to CO-BIE, the "AEC-FM-Handover" Aquarium (FM stands for facility management) of the buildingSMART initiative. In terms of content, the new Aquarium builds on COBIE – now with the aim of transferring all the relevant data updated during planning and building execution to the building operator in such a way that it can be used as quickly as possible by the managers of buildings in their FM systems.

With this, the process of "Building Information Modeling" has been thought through right to the very end, because facility managers are at the very end of the building value chain and they are the ones who have to deal with the result of the project in the decades to come.

NEMETSCHEK Aktiengesellschaft Konrad-Zuse-Platz 1 81829 Munich Germany Phone + 49 89 92793 – 0 Fax + 49 89 92793 – 5200 investorrelations@nemetschek.com www.nemetschek.com