Report
Ghada Ben Sedrine ...
  • Nicolas David

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

>Q3 2024 results better than expected, adjusted post warning - Nagarro’s Q3 2024 results, reported yesterday morning, saw better-than-expected organic growth (5.0% vs ODDO BHF: +4.5%e, adjusted downwards after 16 October warning), up vs Q2 (3.6% org). The gross margin came in 3.5pt better y-o-y and 0.9pt better than our expectations (vs ODDO BHF: 26,5%e). Q3 EBITDA beat forecasts by 6% with an EBITDA margin of 14.3%, up 0.6pt y-o-y, or 1.1pt ahead of expectations (ODD...
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
Ghada Ben Sedrine

Nicolas David

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