Adesso SE Boosts Q1 2024 Sales by 15% to €317.1M, Maintains EBITDA at €17.8M

• adesso SE increased sales revenues in Q1 2024 by 15% to EUR 317.1 million, with EBITDA remaining at the previous year's level of EUR 17.8 million due to the calendar effect.
• The number of employees increased by 17% to 9,926, which is disproportionately high compared to sales revenues.
• Investments in the IT Solutions segment, which were not accompanied by corresponding licence revenues unlike in the previous year, had an adverse effect on earnings growth.
• Despite the subdued general development of the economy and competition, adesso's portfolio for the further digitalisation of companies is generally meeting with good demand.
• Sales revenue growth in the German market amounted to 17%, while outside Germany, revenue increased by 6%. Revenue in the Netherlands and Italy grew disproportionately by 20% and 21% respectively.
• The Executive Board has reaffirmed its original full-year guidance for 2024 of over EUR 1.25 billion in sales revenues with EBITDA of EUR 110 to 130 million.

The price of adesso at the time of the news was 106,30EUR and was up +0,09 % compared with the previous day.
13 minutes after the article was published, the price was 106,20EUR this corresponds to a minus of -0,09 % since publication.
At this time, the index SDAX was at 14.837,57PKT (+0,30 %).

adesso

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ISIN:DE000A0Z23Q5WKN:A0Z23Q

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