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Nemetschek drops on organic growth miss

By Reuters News

** Shares in German software firm Nemetschek NEKG.DE fall about 5% after it reported weaker-than-expected Q3 organic growth

** The group reports Q3 revenue of €371.1 million ($417.90 million), with organic growth at 12.5% currency-adjusted, below a consensus of 13.6% cited by J.P. Morgan

** JPM says the main miss came from Media, where revenue fell 3.1% currency-adjusted versus expectations for around 3% growth

** JPM says lighter organic growth is the reason for the negative stock reaction

($1 = 0.8880 euros)

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