Report
Nicolas David

Nagarro SE : A very reassuring start to the year, but upside remains limited after the sharp upturn in the stock

>Reassuring Q1 2024 earnings after the mixed sector publications - Yesterday morning, Nagarro reported Q1 2024 results far above forecasts: sales of € 238.3m, with an organic decline of -0.4% (ODDO BHF: -5.9% org), marking a clear improvement relative to Q4 2023 (c. -6%). This improvement can also be seen in the organic q-o-q growth of +8.6%, worthy of the group’s strongest growth years. This clear trend improvement is driven mainly by the following sectors: Public (8...
Underlying
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

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