Brief: Nagarro Lowers FY 2023 Revenue Guidance

Nagarro SE

12/05/2023 16:43

May 12 (Reuters) - NAGARRO SE  NA9n.DE :
    * NAGARRO SE: ADJUSTMENT IN GUIDANCE FOR FY 2023
    * NAGARRO SE MANAGEMENT BOARD TODAY ANALYZED JANUARY TO
APRIL
DEVELOPMENTS, INCLUDING CURRENCY MOVEMENTS, AND CONSEQUENTLY
DECIDED TO REVISE COMPANY'S GUIDANCE FOR 2023
    * COMPANY ADJUSTED ITS ESTIMATE FOR 2023 REVENUE, NOT
INCLUDING
ACQUISITIONS MADE IN 2023, FROM EUR 1,020 MILLION TO REGION OF
EUR 940 MILLION
    * OUTLOOK 2023: ESTIMATE FOR GROSS MARGIN REMAINED AT 28%,
WHILE
ESTIMATE FOR ADJUSTED EBITDA MARGIN REMAINED AT 15%

Further company coverage:  NA9n.DE 

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