Adesso rises in pre-market after Q1 results

adesso SE

06/05/2022 07:47

** Shares of Adesso  ADNGk.DE  are up 2.2% in early
Frankfurt trade after the German IT service provider on Thursday
reported Q1 results propped by positive one-offs  urn:newsml:reuters.com:*:nASM000AK8
    ** The company's Q1 sales rise 29% to 209.8 million euros
($220.54 million); EBITDA at 27.9 million euros vs. 35.8 million
euros year ago, including one-off effects
    ** The group says the EBITDA decline was smaller than
expected as positive operating development and additional
one-offs from acquisitions helped offset a negative one-off
effect from divested company
    ** It confirms 2022 EBITDA outlook of EUR 90-95 million, but
says higher EBITDA contribution in Q1 creates a good starting
position for further business development over the year
    ** The stock is seen at the top of German small-cap index
 .SDAXI 

($1 = 0.9513 euros)

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))