Brief: Adesso 833 Mln Eur Sales 9M 2023, Adjusts FY23 Outlook

adesso SE

02/11/2023 13:31

Nov 2 (Reuters) - ADESSO SE  ADNGk.DE :
    * EQS-ADHOC: ADESSO SE INCREASES SALES BY 28 % TO EUR 833
MILLION
AFTER NINE MONTHS / EBITDA MARGIN SIGNIFICANTLY INCREASED IN THE
THIRD QUARTER / FORECAST ADJUSTMENT
    * FORECAST ADJUSTMENT FOR EBITDA TO EUR 70 TO 90 MILLION
WITH
UNCHANGED TURNOVER OF OVER 1 BILLION
    * FORECAST ADJUSTMENT FOR EBITDA TO EUR 70 TO 90 MILLION
WITH
UNCHANGED TURNOVER OF OVER 1 BILLION
    * GROWTH PATH WILL CONTINUE IN 2024; RETURN TO USUAL
PROFITABILITY
EXPECTED
    * ADJUSTS FY23 OUTLOOK: EBITDA OF EUR 70 TO 90 MILLION
(PREVIOUSLY: EUR 100 TO 110 MILLION) IS NOW EXPECTED, WITH
TURNOVER REMAINING UNCHANGED AT OVER EUR 1 BILLION.
    * INCOMING ORDERS REMAIN AT A RECORD LEVEL
    * EXPECTS STRONG GROWTH IN DOUBLE-DIGIT PERCENTAGE RANGE FOR
2024
AND A RETURN TO USUAL EBITDA TARGET MARGIN RANGE

Source text for Eikon:  ID:nEQ8zK4KWa 
Further company coverage:  ADNGk.DE 

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