Nagarro's FY 2023 Preliminary Report: Steady Performance & 6.5% Revenue Growth

• Nagarro SE announced its preliminary unaudited financial numbers for FY 2023, with a revenue growth of 6.5% to €912.0 million, slightly below the guidance of €915 million.
• The company's gross profit was €235.5 million in 2023, down from €247.1 million in 2022, and the gross margin was 25.8%, slightly below the guidance of 26%.
• Adjusted EBITDA was €125.9 million in 2023, down from €148.5 million in 2022, and the EBITDA margin was 13.8%, slightly above the guidance of 13%.
• Nagarro's cash balance at the end of 2023 was €109.0 million, slightly lower than the €110.2 million at the end of 2022.
• The company reported a workforce of 18,413 professionals as of December 31, 2023.
• Nagarro plans to publish its audited annual report for 2023 on April 16, 2024.

The price of Nagarro at the time of the news was 76,15EUR and was down -0,81 % compared with the previous day.
9 minutes after the article was published, the price was 77,00EUR this corresponds to a plus of +1,12 % since publication.
At this time, the index SDAX was at 14.017,75PKT (+0,14 %).

Nagarro

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+23,46 %

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+6,08 %

+4,65 %

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+28,91 %

+5,91 %

ISIN:DE000A3H2200WKN:A3H220

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