Brief: Nagarro Q1 Revenue Up At EUR 229.5 Mln

Nagarro SE

15/05/2023 07:19

May 15 (Reuters) - NAGARRO SE  NA9n.DE :
    * NAGARRO SE POSTS 23.7% YOY REVENUE GROWTH IN Q1 2023,
22.9% IN
CONSTANT CURRENCY
    * REVENUE GREW TO EUR 229.5 MILLION IN Q1 2023 FROM EUR
185.5
MILLION IN Q1 2022
    * Q1 REVENUE GREW 23.7% YOY (22.9% IN CONSTANT CURRENCY),
WHILE
YOY ORGANIC REVENUE GROWTH WAS 22.2% (21.4% IN CONSTANT
CURRENCY)
    * GROSS PROFIT GREW TO EUR 61.4 MILLION IN Q1 2023 FROM EUR
50.4
MILLION IN Q1 2022
    * GROSS MARGIN SLIGHTLY DROPPED, CHANGING FROM 27.1% IN Q1
2022 TO
26.8% IN Q1 2023
    * ADJUSTED EBITDA GREW BY EUR 2.4 MILLION FROM EUR 29.0
MILLION
(15.6% OF REVENUE) IN Q1 2022 TO EUR 31.4 MILLION (13.7% OF
REVENUE) IN Q1 2023
    * EBITDA INCREASED BY EUR 2.9 MILLION FROM EUR 27.9 MILLION
IN Q1
2022 TO EUR 30.8 MILLION IN Q1 2023
    * Q1 EBIT INCREASED BY EUR 2.6 MILLION FROM EUR 20.5 MILLION
IN Q1
2022 TO EUR 23.1 MILLION IN Q1 2023
    * NET PROFIT INCREASED BY EUR 1.2 MILLION TO EUR 15.1
MILLION IN
Q1 2023 FROM EUR 13.9 MILLION IN Q1 2022
    * OPERATING CASH INFLOW IN Q1 2023 ROSE TO EUR 17.0 MILLION
FROM
EUR 2.9 MILLION IN Q1 2022

Source text for Eikon:  ID:nEQ685yyBa 
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