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Nagarro SE : Mixed Q4 results and 2023 guidance confirmed but the valuation is attractive
>Q4 sales short of expectations but EBITDA well ahead - Nagarro reported its preliminary Q4 2022 results before trading on Friday, with a conference call at 13h CET. Sales came in at € 231.0m, up 42.6% y-o-y, -2% short of expectations (vs ODDO BHF: € 236.1m; css: € 235.2m). Q4 organic growth came to 27.5%, -7pt shy of our forecasts (vs ODDO BHF: 34.4%), reflecting a marked slowdown on the previous quarter (Q3 2022 at +39.4% y-o-y org.). This performance was undermine...
Underlying
Nagarro
Provider
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.
Nicolas David
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