Adesso rises on 'solid' Q2 results, guidance confirmed

adesso SE

14/08/2023 10:45

** Adesso  ADNGk.DE  shares rise 6.9% as the German IT
service provider reported Q2 sales growth and maintained its
guidance
    ** Q2 sales came in at 270 million euros  ($295.62 million),
and 2% above consensus according to Jefferies, which deems the
results "strong"
    ** "Given that other names in the industry disappointed
recently (e.g. Nagarro) it is good to see Adesso progressing and
maintaining FY guidance" a broker says
    ** Adesso's stock is amidst the top performers of Germany's
small caps index  .SDAXI 


($1 = 0.9133 euros)

 (Reporting by Tristan Veyet)
 ((Tristan.chabba@thomsonreuters.com))