Kepler upgrades Adesso to "buy", shares rise

adesso SE

29/08/2025 10:49

** Shares in Adesso ADNGk.DE are up 4%, with analysts pointing to Kepler upgrading the company to "buy" from "hold"

** The broker expects the German IT services & software group to benefit from seven additional working days in H2, improving utilisation and license contributions

** Kepler adds budget releases, which were delayed after the German election, should start to materialize after H2

** From H2 onwards the broker also expects "gradual profitability from the Indian shoring ramp-up"

** Adesso is the top gainer of the German small-cap index .SDAXI,

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))