Brief: Adesso FY Sales Up By 26% To EUR 1.1 Bln

adesso SE

23/02/2024 15:54

Feb 23 (Reuters) - ADESSO SE  ADNGk.DE :
    * SALES UP 26 % TO MORE THAN EUR 1.1 BILLION IN 2023 /
EBITDA OF
EUR 80.0 MILLION HITS MIDDLE OF THE GUIDED RANGE / GROWTH
EXPECTATIONS FOR 2024 WITH IMPROVED PROFITABILITY / DIVIDEND
INCREASE
    * FY EBITDA OF EUR 80 MILLION IN MIDDLE OF FORECASTED
CORRIDOR,
WHICH WAS LOWERED DURING YEAR
    * EBITDA MARGIN IMPROVES SIGNIFICANTLY TO 9.3 % IN SECOND
HALF OF
2023 (H1 2023: 4.6 %)
    * PROPOSED DIVIDEND INCREASE TO EUR 0.70 PER SHARE
    * GROWTH FORECAST FOR 2024: MORE THAN EUR 1.25 BILLION IN
SALES
AND EUR 110 TO 130 MILLION IN EBITDA
    * IN LAST QUARTER OF YEAR, SALES INCREASED TO A NEW RECORD
LEVEL
OF EUR 302.2 MILLION COMPARED TO PREVIOUS YEAR AND PREVIOUS
QUARTER. EBITDA IMPROVED BY 23% TO EUR 26.5 MILLION COMPARED TO
PREVIOUS YEAR
    * Q4 EBITDA IMPROVED BY 23% TO EUR 26.5 MILLION COMPARED TO
PREVIOUS YEAR
    * DESPITE DIFFICULT OVERALL ECONOMIC SITUATION, EXECUTIVE
BOARD IS
POSITIVE ABOUT FURTHER GROWTH PROSPECTS FOR IT SECTOR AND, IN
PARTICULAR, FOR ADESSO GROUP IN LINE WITH CONTINUING DEMAND FOR
DIGITALISATION

Source text for Eikon:  ID:nEQ3cGfHma 
Further company coverage:  ADNGk.DE 

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