Based on preliminary figures, sales rose by around 57 percent to EUR 856.4 million compared to the previous year, as the SDAX-listed company announced on Friday in Munich. Nagarro thus performed roughly as expected by analysts. The group also became more profitable last year: Adjusted for special effects, earnings before interest, taxes, depreciation and amortization (Ebitda) climbed by almost 86 percent to 148.1 million euros. The corresponding margin improved by almost three percentage points to 17.3 percent, better than Nagarro himself had expected.
As has been known since the beginning of the year, the company intends to break the one billion mark in sales this year. The gross margin should be 28 percent after 28.3 percent in the previous year. However, only 15 percent of the total revenue before interest, taxes, depreciation and amortization (Ebitda) and adjusted for special effects should remain and thus slightly less than in 2022.
On Friday, the Nagarro share temporarily rose by 1.33 percent to EUR 106.80 via XETRA.
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