Germany's Adesso H1 EBITDA up 21% on strong demand; keeps FY forecast

adesso SE

14/08/2026 06:39

Overview
Germany IT service provider's H1 sales rose 13%, EBITDA up 21% yr/yr
Company reaffirmed full-year sales and earnings forecast
Acquisition of AI claims platform omni:us, announced on Aug 12, to boost insurance sector offering

Outlook
adesso reaffirms 2026 sales forecast at EUR 1.6 bln to 1.7 bln
Company expects 2026 EBITDA between EUR 130 mln and 150 mln
adesso expects higher earnings contribution in H2 2026 due to improved utilisation and more working days

Result Drivers
SECTOR GROWTH - Double-digit sales growth achieved in nearly all core sectors, with utilities, insurance, retail, and banking performing strongly
GENAI BUSINESS - Generative AI business made a measurable contribution to order intake and opened new client relationships
STAFF UTILISATION - Improved staff utilisation from mid-Q2 supported profitability after a weaker start to the year

Company press release: ID:nEQ2xzqQra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EBITDA
 
EUR 45.80 mln
 

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 €94.50, about 57.2% above its August 13 closing price of €60.10
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 14 - Germany's Nagarro H1 net profit jumps as revenue edges up
Aug 12 - Germany's Bechtle Q2 revenue rises on growth across regions; lifts outlook
Aug 11 - Finland's Siili Solutions Q2 revenue falls, cuts guidance

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(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.)