Nagarro falls at open after results

Nagarro SE

15/05/2026 10:28

Recasts with share course reversal, adds broker comments

** Shares of Nagarro NA9n.DE are down 5.6% at 09:06 GMT, reversing course after gains in early Frankfurt trade, after the German IT Services & Consulting company published Q1 results

** Nagarro's first quarter revenue increased by 0.5% to 248.1 million euros  ($288.81 million) compared to the first quarter of 2025

** However, in euro terms, organic revenue fell by 1.1% year on year

** Jefferies analysts say the start to 2026 was slow with revenue figures reflecting a continuation of demand softness

** Jefferies analysts see the margin expansion to 32.1% as a sign of continued progress on profitability while adding that the Q1 adjusted EBITDA margin of 12.6% fell short of the full year guidance range of 14.5-15.5%

** Nagarro shares on all time low at 08:31 GMT

($1 = 0.8590 euros)

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))