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Nagarro SE: Revised guidance FY 2021

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Nagarro SE / Key word(s): Forecast
Nagarro SE: Revised guidance FY 2021

20-Sep-2021 / 10:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Munich, September 20, 2021 - The Nagarro SE Management Board today analyzed the expected performance of the company and consequently decided to change the guidance for 2021. The revenue for 2021 is now expected to be €515 million instead of €495 million, driven by strong demand for Nagarro's digital software engineering services. The gross margin for 2021 is now expected to be 28% instead of 29%, mainly due to high wage inflation with a time lag in negotiating pricing improvements. The Adjusted EBITDA margin is now expected to be 14% instead of 15%. The company retains its medium-term guidance of 20% annual organic growth and 15% Adjusted EBITDA margin.

Note: This document contains supplementary non-IFRS financial measures. It 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
Einsteinstr. 172
81677 Munich
Tel.: +49 (0)89/998421-0
Fax: +49 (0)89/998421-11
E-mail: ir@nagarro.com
Web: www.nagarro.com

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

20-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Nagarro SE

Einsteinstraße 172

81677 München

Germany

Phone:

089 9984210

Internet:

www.nagarro.com

ISIN:

DE000A3H2200

WKN:

A3H220

Listed:

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

EQS News ID:

1234422


 

End of Announcement

DGAP News Service

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