Report
Nicolas David ...
  • Sinan Doganli

adesso : Q3 2024 results beat expectations by a wide margin on the bottom line

>Revenue in line and EBITDA above expectations - Adesso reported Q3 revenue of € 330.2m (+14.9% y-o-y), which is in line with consensus expectations. EBITDA increased by +37% y-o-y to € 38.9m, driven by continued strong demand for adesso’s digitalisation services, reduced hiring momentum and further measures to increase capacity utilisation. On top of that, Q3 2024 had an additional working day compared to Q3 2023, which a positive impact on profitability. Adesso expe...
Underlying
ADESSO AG

Adesso AG is a Germany-based information technology (IT) service provider focused on developing customized software solutions. It provides business consulting, IT consulting, software development, IT management, and solutions, including drebnis, a claims management system; inSIGHT, a data transport tool; inFOCUS 360, a direct channels to customer tool; inBOUND, a Web service for regionalization of agen-managed lottery gaming; inRELATION, a mutli-channel sales for insurers with Microsoft Dynamics CRM tool, and Mobile Rettern, a smartphone-based first-aider notification system. The Company cooperates with various IT partners and uses the Java, Microsoft and Mainframe technologies in its practice and projects. The Company is active in Germany, Austria, Switzerland, the United Kingdom, Turkey and the United States and operates a number of subsidiaries, including Adesso hosting services GmbH, Turkey Bilgi Teknolojileri Ltd, Smarthouse Media GmbH, flitcon GmbH and Born Informatik AG.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

Sinan Doganli

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