adesso First Quarter 2024 Earnings: €0.49 loss per share (vs €0.28 profit in 1Q 2023)
adesso (ETR:ADN1) First Quarter 2024 Results
Key Financial Results
Revenue: €324.8m (up 17% from 1Q 2023).
Net loss: €3.20m (down by 278% from €1.79m profit in 1Q 2023).
€0.49 loss per share (down from €0.28 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
adesso Earnings Insights
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany.
Performance of the German IT industry.
The company's shares are down 3.4% from a week ago.
Valuation
It's possible that adesso could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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