Brief: Nagarro Q4 Revenue At EUR 231.0 Mln

Nagarro SE

03/03/2023 06:33

March 3 (Reuters) - NAGARRO SE  NA9n.DE :
    * ESTIMATES 2022 REVENUE GREW 48.0% OVER 2021 IN CONSTANT
CURRENCY, REITERATES 2023 GUIDANCE
    * COMPANY ALSO MAINTAINS ITS GUIDANCE FOR FINANCIAL YEAR
2023
    * NAGARRO'S REVENUE FOR 2023 IS EXPECTED TO BE IN REGION OF
EUR
1,020 MILLION, NOT INCLUDING ANY ACQUISITIONS MADE IN 2023
    * OPERATING CASH FLOW IN Q4 2022 ROSE TO EUR 36.8 MILLION
FROM EUR
22.9 MILLION IN Q4 2021, AND FROM EUR 30.5 MILLION IN Q3 2022
    * REVENUE WAS EUR 231.0 MILLION IN Q4 2022
    * GROSS PROFIT GREW TO EUR 66.8 MILLION IN Q4 2022 FROM EUR
42.3
MILLION IN Q4 2021
    * GROSS MARGIN INCREASED TO 28.9% IN Q4 2022 FROM 26.1% IN
Q4 2021
    * ADJUSTED EBITDA GREW BY EUR 10.0 MILLION FROM EUR 20.5
MILLION
(12.6% OF REVENUE) IN Q4
    * EBITDA GREW BY EUR 11.9 MILLION FROM EUR 18.3 MILLION IN
Q4 2021
TO EUR 30.3 MILLION IN Q4 2022

Source text for Eikon:  ID:nEQ9cR93Na 
Further company coverage:  NA9n.DE 

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