Brief: Adesso 9M EBITDA At EUR 53.5 Mln

adesso SE

14/11/2023 06:39

Nov 14 (Reuters) - ADESSO SE  ADNGk.DE :
    * ADESSO INCREASES SALES BY 28 % TO EUR 833.7 MILLION AFTER
NINE
MONTHS / CAPACITY UTILISATION MEASURES HAVING AN EFFECT / RETURN
TO USUAL PROFITABILITY EXPECTED IN 2024
    * THIRD-QUARTER EBITDA MARGIN IMPROVES CONSIDERABLY TO 9.9 %
    * EBITDA AT EUR 53.5 MLN (PREVIOUS YEAR: EUR 71.4 MLN) AFTER
NINE
MONTHS
    * POSITIVE OUTLOOK: STRONG GROWTH IN 2024 AND HIGHER
PROFITABILITY
EXPECTED
    * WITH REGARD TO Q4 OF 2023 AND BEYOND, EXECUTIVE BOARD IS
CONFIDENT THAT HIGH DEMAND WILL ALLOW COMPANY TO BUILD ON
POSITIVE TREND FROM Q3 AND RETURN TO A NORMAL LEVEL OF
PROFITABILITY IN 2024
    * FULL-YEAR EBITDA FORECAST WAS ADJUSTED TO BETWEEN EUR 70
MLN AND
EUR 90 MLN DEPENDING ON LICENCE ACQUISITION AND CAPACITY
UTILISATION IN Q4
    * EXECUTIVE BOARD HELD OUT PROSPECT OF A RETURN TO USUAL
EBITDA
TARGET MARGIN RANGE IN 2024 WITH CONTINUED STRONG DOUBLE-DIGIT
PERCENTAGE IN SALES GROWTH
    * EXECUTIVE BOARD HELD OUT PROSPECT OF A RETURN TO USUAL
EBITDA
TARGET MARGIN RANGE IN 2024 WITH CONTINUED STRONG DOUBLE-DIGIT
PERCENTAGE IN SALES GROWTH

Source text for Eikon:  ID:nEQ4JPKzna 
Further company coverage:  ADNGk.DE 

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