SHARE IN FOCUS: Adesso expands profits – business figures continue to drive growth

FRANKFURT (dpa-AFX Broker) – The shares of the IT service provider Adesso (adesso SE) seamlessly followed on from Friday’s price gains in late trading on Monday. They gained 6.3 percent to 105.40 euros in the morning. On Friday, the company published business figures shortly before the Xetra closed. The price then rose by 4.3 percent and closed just below the daily high.

The average operating profit margin (Ebitda) forecast by Adesso for 2024 is 6 percent above the consensus estimate, wrote analyst Henrik Paganetty from the investment house Jefferies. Despite a difficult economic environment, the company is positive about the growth prospects in the IT sector and continued demand for things digitalization./bek/mis

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