NAGARRO SE EQS-Adhoc: Nagarro SE: Adjustment in guidance for FY 2023
Transparency directive : regulatory news
|
EQS-Ad-hoc: Nagarro SE / Key word(s): Forecast/Change in Forecast August 11, 2023 – The Nagarro SE Management Board today analyzed the January through July developments and consequently decided to revise the company's guidance for 2023. Due to adverse currency movements and scale-backs in a few projects, the company now estimates the total 2023 revenue, calculated at today's currency exchange rates and not including future acquisitions, to be in the region of €915 million. As the company is carrying excess production capacity, which is reflected in the cost of revenues, the new estimate for gross margin is 26%, while the new estimate for Adjusted EBITDA margin is 13%.
Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9) End of Inside Information
11-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Nagarro SE |
| Baierbrunner Straße 15 | |
| 81379 München | |
| Germany | |
| Phone: | 089 / 785 000 282 |
| Internet: | www.nagarro.com |
| ISIN: | DE000A3H2200 |
| WKN: | A3H220 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1702345 |
| End of Announcement | EQS News Service |
|
|
1702345 11-Aug-2023 CET/CEST