NAGARRO SE - NGRRF STOCK NEWS

Nagarro, a global digital engineering leader, announced its audited financial results for 2022, reporting a revenue of €856.3 million, up 56.8% year-over-year. The fourth quarter revenue reached €231.0 million, marking a 42.5% YoY increase. Gross profit for Q4 2022 was €66.8 million with a gross margin of 28.9%. Adjusted EBITDA grew to €30.9 million, representing 13.4% of revenue in Q4 2022. Net profit for the same period rose to €15.4 million, compared to €8.3 million in Q4 2021. Additionally, the Supervisory Board approved a share buyback program of up to €30 million.

Nagarro and Arriva have launched a strategic partnership aimed at advancing the ACE (Arriva Customer Engine) platform, a digital customer platform for Arriva UK Trains. This collaboration emphasizes enhancing customer experiences and involves equal investment in intellectual capital from both partners. ACE, already widely used for ticket purchases and real-time service information, will be scaled up for greater adoption. With this initiative, Arriva aims to solidify its position as a leader in digital customer service within the transportation sector.

Nagarro, a global digital engineering leader, reported strong preliminary unaudited financial results for Q4 and FY 2022. Q4 revenue reached €231.0 million, marking a 42.6% YoY increase from €162.0 million in Q4 2021. For the full year, revenue grew to €856.4 million, a 56.8% increase. Gross profit in Q4 2022 was €66.8 million, with a gross margin of 28.9%. Adjusted EBITDA rose to €30.5 million, 13.2% of revenue. The company also maintains a 2023 revenue guidance of approximately €1,020 million, excluding acquisitions, with anticipated gross and adjusted EBITDA margins of 28% and 15%, respectively.