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EQS-News: Nagarro SE
/ Key word(s): Forecast
January 23, 2025 - Nagarro, a global digital engineering leader, issued its guidance for the current fiscal year. The company expects revenues, calculated at today’s currency exchange rates and not including future acquisitions, to be between €1,020 and €1,080 million. The gross margin is likely to continue in the region of 30%, and the adjusted EBITDA margin is likely to be between 14.5% and 15.5%. Co-founder and CEO Manas Human comments, “2025 will be a good year for us as the long-term market drivers remain intact and in the last couple of years, we have set up the company to take full advantage of them. That’s why we are in a very solid position to focus on shareholder value by executing our independent growth strategy instead of following the take-private route.” With a view on shareholder value, both Boards of Nagarro have opted for an improved investors’ participation in the company’s operational successes via an intended share buy-back in a value of up to €400 million over the next three years and a sustainable dividend policy of distributing between 10% and 20% of EBIT every year. These initiatives come along with a more energetic approach to efficiency and a gradually ramped-up growth strategy with organic and inorganic aspects. Nagarro will therefore use more of its existing loan facilities and look for non-linear growth options via strategic partnerships. The Management Board still expects to at least meet the financial targets for 2024 set out in October.
Nagarro, a global digital engineering leader, helps clients become fluidic, innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Enterprise vision. Nagarro employs nearly 18,000 people in 38 countries. For more information, visit . FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220) For inquiries, please contact .
23.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | Nagarro SE |
| Baierbrunner Straße 15 | |
| 81379 München | |
| Germany | |
| Phone: | 089 / 785 000 282 |
| E-mail: | |
| Internet: | |
| 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: | 2073061 |
| End of News | EQS News Service |
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2073061 23.01.2025 CET/CEST
