Brief: Adesso Full-year Forecast For Turnover and EBITDA Confirmed

adesso SE

15/05/2023 06:43

May 15 (Reuters) - ADESSO SE  ADNGk.DE :
    * CONTINUES TO GROW STRONGLY IN Q1 2023 AND INCREASES SALES
BY 32%
TO EUR 276.2 MILLION / SICK LEAVE AND GROWTH-RELATED DELAYS IN
UTILISATION DAMPEN PROFITABILITY DESPITE GOOD ORDER SITUATION
    * NUMBER OF EMPLOYEES (FULL-TIME EQUIVALENTS) INCREASES BY
36 % TO
8,513 (PREVIOUS YEAR: 6,270), DESPITE SKILLED LABOUR SHORTAGE.
    * FULL-YEAR FORECAST FOR TURNOVER AND EBITDA CONFIRMED
    * EXECUTIVE BOARD HAS REAFFIRMED ITS ORIGINAL FULL-YEAR 2023
GUIDANCE OF OVER EUR 1 BILLION IN REVENUE WITH EBITDA OF EUR 100
TO 110 MILLION
    * OUTLLOOK - DESPITE FACT THAT EARNINGS DEVELOPMENT IN Q1
WAS
BELOW EXPECTATIONS, OUTLOOK FOR REST OF FINANCIAL YEAR REMAINS
POSITIVE
    * OUTLOOK - EXECUTIVE BOARD ANTICIPATES A NORMALISATION OF
SICKNESS RATE AND, IN VIEW OF MEASURES INITIATED, AN INCREASE IN
CAPACITY UTILISATION.
    * OUTLOOK - ORDER BACKLOG IS AT A RECORD LEVEL.
    * Q1 -  DECLINE IN EBITDA RESULTED IN A PRELIMINARY RESULT
FOR
GROUP OF EUR 2.0 MILLION

Source text for Eikon:  ID:nEQ5ByBQMa 
Further company coverage:  ADNGk.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))