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NA9 — Nagarro SE News Story

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Nagarro falls after BaFin finds 2022 statements erroneous, court rejects objection

BUZZ-Nagarro falls after BaFin finds 2022 statements erroneous, court rejects objection

** Shares in Nagarro NA9n.DE fall around 4.2% in early Frankfurt trade after Germany's finance watchdog BaFin determined the German company's financial statements and management report for 2022 as erroneous

** Nagarro's objection to the audit have also been rejected by Higher Regional Court of Frankfurt am Main on July 14

** A local trader says it is expected that BaFin will publish the findings of errors without undue delay even while the objection proceedings are ongoing

** "Rejection by court as expected we would consider," it adds

** The stock is seen at the bottom of Germany's small-cap index .SDAXI


(Reporting by Ozan Ergenay)

((ozan.ergenay@thomsonreuters.com))

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