Germany · Delayed Price · Currency is EUR adesso SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 13% organic revenue growth and a 58% EBITDA increase, driven by strong sector performance in insurance, banking, and utilities, despite macroeconomic challenges and elevated working capital. Full-year guidance remains on track, with improved order entry and profitability expected.
Fiscal Year 2025
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Achieved 14% organic sales growth and 30% EBITDA increase in 2025, with strong sector diversification and robust performance in Germany. Guidance for 2026 anticipates further revenue and earnings growth, with AI-driven projects and public sector demand as key drivers.
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Revenue and EBITDA grew 13% and 17% year-over-year, respectively, with strong sector diversification and robust growth in insurance, health, and utilities. Despite a challenging German market and increased competition, full-year guidance is confirmed, with Q4 expected to deliver the necessary results.
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Revenue grew 12% year-over-year to EUR 709.5 million, with EBITDA up 34% to EUR 37.2 million and improved margins. The company remains on track to meet full-year guidance, supported by strong sector diversification and ongoing investments in nearshoring.
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Organic sales grew 11% year-over-year to EUR 353.4 million, with strong sector and regional diversification. EBITDA margin declined slightly, but guidance for 2025 is confirmed, expecting improved margins and positive impacts from government spending and SAP initiatives.
Fiscal Year 2024
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Organic sales grew 14% to EUR 1.3 billion in 2024, with EBITDA up 23% and margin at 7.6%. 2025 guidance targets 4–12% revenue growth and improved margins above 8%, driven by SAP and shoring initiatives, despite ongoing challenges in Germany and weak license sales.
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Q3 delivered strong profitability gains, with EBITDA margin up to 11.8% and 15% organic sales growth. The company is on track to meet full-year guidance, driven by improved utilization and robust sector performance, especially in healthcare and utilities.
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Sales grew 16% year-over-year to EUR 631.1 million, driven by organic growth across all industries and regions, but profitability was impacted by weak IT solutions performance and low utilization. EBITDA guidance for 2024 was lowered, though sales targets remain on track, with stronger H2 expected.