The SDAX company announced on Friday evening in Dortmund that the outlook for the rest of the financial year remains positive despite the fact that the development of earnings fell short of expectations. It is to be expected that the sickness rate will return to normal and that capacity utilization will increase. The order backlog is at a record level. On this basis, the original forecast for 2023 of over one billion euros in sales with earnings before interest, taxes, depreciation and amortization (Ebitda) of 100 to 110 million euros is confirmed.
According to preliminary figures, sales in the first quarter increased by 32 percent to EUR 276.2 million. The cyber attack on IT discovered in January did not have a significant impact, it said. The company vigorously accelerated the recruitment of new staff. The operating result (Ebitda) fell by 36 percent to EUR 17.9 million compared to the same period of the previous year, which benefited from higher license sales and other operating income. The significantly higher personnel expenses had a negative impact. The group’s result fell to 2.0 million euros. A year earlier, adesso had earned 12.5 million.
The Adesso share price fell on the Tradegate trading platform by 2.66 percent to EUR 131.80 compared to the closing price in the Xetra main business. The complete quarterly statement is to be published on May 15th.
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