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Nagarro SE: Further increase in revenue and margin guidance for FY 2022

Nagarro SE / Key word(s): Forecast/Change in Forecast
Nagarro SE: Further increase in revenue and margin guidance for FY 2022

14-Nov-2022 / 09:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

November 14, 2022 – The Nagarro SE Management Board today analyzed the year-to-date developments and outlook for the remainder of the year and consequently decided to revise the company's guidance for 2022. The company revised its estimate for 2022 revenue upwards from €830 million to €850 million. The estimate for gross margin was raised from 27% to 28%, while the estimate for Adjusted EBITDA margin was lifted from 15% to 16%.

Note: This document contains supplementary non-IFRS financial measures. Gross margin and Adjusted EBITDA margin are alternative performance measures that are not defined in accordance with international accounting standards. Nagarro uses these measures to enable better comparability of the business over time and within the industry. For details on alternative performance measures see Nagarro SE Annual Report 2021. This document also includes forward-looking statements that represent management's expectations based on assumptions and estimates, but future actual developments and future actual results may deviate from these assumptions and estimates.


Contact:

Nagarro SE
Investor Relations
Einsteinstrasse 172
81677 Munich
Tel.: +49 (0)89/785000282
Fax: +49 (0)322/22132620
E-mail: ir@nagarro.com
Web: www.nagarro.com

Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9)

14-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Nagarro SE

Einsteinstraße 172

81677 München

Germany

Phone:

089 9984210

Internet:

www.nagarro.com

ISIN:

DE000A3H2200

WKN:

A3H220

Indices:

SDAX, TecDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1486473


 

End of Announcement

EQS News Service

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