Oddo BHF - Nagarro (NA9) Nagarro SE : Significant downward adjustment of the FY 2024 revenue guidance to a more realistic level but slightly better EBITDA margin expected

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Oddo BHF

Ghada Ben Sedrine ...

Nicolas David

Nagarro SE : Significant downward adjustment of the FY 2024 revenue guidance to a more realistic level but slightly better EBITDA margin expected

>A significant warning at top-line level without any details nor trading update - Nagarro announced yesterday that it now targets for FY 2024: Revenue of c. € 960m, implying a cc growth of 5.3% (vs c. €1bn, up 9.6% cc previously). Pre-release FactSet Consensus (4 contributions only) was at € 998m (ODDO BHF: € 1,007m)Gross margin of c. 30% (vs c. 31% previously) according to the new calculation method or 26% (vs 27% previously) according to the previous calcu...

16/10/2024 1 EN

Underlying

Nagarro

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DE000A3H2200 Germany

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.

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Analysts

Ghada Ben Sedrine

Nicolas David

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Nagarro SE : Significant downward adjustment of the FY 2024 revenue guidance to a more realistic level but slightly better EBITDA margin expected

ODDO BHF Small & MIDCAP MORNING NEWS - 11/15/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 15/11/2024

Nagarro SE : Solid Q3 results in a less favourable context. FY 2024 guidance confirmed, unsurprisingly, after 16 October warning

Lectra : Feedback meeting analystes : faible visibilité sur les commandes mais le CA récurrent/Saas et la rentabilité devraient continuer de progresser

E.ON : Publication sans surprise mais des signes encourageants pointent à l’horizon

E.ON : 9M 2024 publication had no surprises but encouraging signs taking shape

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