DGAP-News

adesso SE continues its strong growth with new quarterly high, increasing sales by 29 % to EUR 496.2 m after first nine months of year / EBITDA increases significantly by 72 % to EUR 81.2 m

DGAP-News: adesso SE / Key word(s): Quarterly / Interim Statement adesso SE continues its strong growth with new quarterly high, increasing sales by 29 % to EUR 496.2 m after first nine months of year / EBITDA increases significantly by 72 % to EUR 81.2 m 15.11.2021 / 07:30 The issuer is solely responsible for the content of this announcement. adesso SE continues its strong growth with new quarterly high, increasing sales by 29 % to EUR 496.2 million after first nine months of year / EBITDA increases significantly by 72 % to EUR 81.2 million and also disproportionately even when adjusted for one-off effect (34 % to EUR 63.3 million)

- Sales up by 26 % to EUR 173.8 million in third quarter

- Q3 EBITDA on a par with previous quarterly high at EUR 25.5 million (before one-off effects)

- Sales after nine months up 29 % to EUR 496.2 million

- EBITDA increases to EUR 81.2 million (before one-off effect: EUR 63.3 million, previous year: EUR 47.1 million)

- Profitability up with capacity utilisation in IT service business remaining positive (12.8 % EBITDA margin before one-off effect)

- Full-year sales and EBITDA guidance raised
 

adesso SE increased its sales revenues quarter on quarter and year on year to a new record level of EUR 173.8 million in the third quarter of 2021. Due to the high levels of capacity utilisation and booking intensity in IT service business and the third quarter having the highest number of working days, adesso SE achieved growth of 26 % compared to the same quarter the previous year. Revenues were increased by 29 % over the nine-month period to EUR 496.2 million, 21 percentage points of which through organic growth. Even without additional, significant licence agreements being concluded in product business, adesso SE still managed to generate third-quarter EBITDA of EUR 25.5 million. This figure was on a par with the previous year's quarter, which saw record-breaking licence revenues. As a result, adesso's cumulative EBITDA has risen by 72 % year on year to a total of EUR 81.2 million (before one-off effect: +34 % to EUR 63.3 million; previous year: EUR 47.1 million). The EBITDA margin (adjusted for the one-off effect) increased year on year from 12.3 % to 12.8 %. On this basis, the Executive Board raised its full-year sales and EBITDA guidance for 2021 after publishing the preliminary figures.