Germany's Adesso 2025 sales beat estimates, helped by license income from insurance product unit

adesso SE

26/02/2026 06:38

Overview

German IT service provider's 2025 sales rose 13%, beating analyst expectations

Adesso says EBITDA for 2025 increased 26% to EUR 123.6 mln, at upper end of its forecast range

Company proposes dividend increase to EUR 0.78 per share

Outlook

Adesso forecasts 2026 sales between EUR 1.6 bln and EUR 1.7 bln

Company expects 2026 EBITDA between EUR 130 mln and EUR 150 mln

Adesso sees continued demand for digitalisation portfolio in 2026

Result Drivers

ORGANIC SALES GROWTH - Sales increased organically by 13% to EUR 1.47 bln despite challenging economic conditions

LICENSE INCOME - Additional license income from insurance product business contributed to strong Q4 performance

WORKING DAYS DISTRIBUTION - EBITDA generation partly attributed to distribution of available working days over the year

Company press release: ID:nEQbNrx4ra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Beat
EUR 1.47 bln
EUR 1.45 bln (6 Analysts)
FY EBITDA
EUR 123.60 mln
FY EBITDA Margin
8.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for adesso SE is €126.00, about 119.9% above its February 25 closing price of €57.30

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)