Adesso SE Reports Strong Financial Performance in 2024

Adesso SE has released its consolidated financial statements for 2024, reporting a 14% sales increase to EUR 1.3 billion. The company saw a significant rise in key earnings figures and a robust development in free cash flow. A growth of 14.2% in sales was noted, with EBITDA totaling EUR 98.3 million, up from the previous year's EUR 80.0 million. This growth was driven by a decrease in hiring momentum and subsequent capacity utilization improvements.

Net profits rose noticeably to EUR 10.2 million, translating to earnings per share of EUR 1.25. The company improved its free cash flow to EUR 45.1 million, attributable to better receivables management and reduced pre-financing needs. Despite growth, net working capital decreased by 8% to EUR 162.8 million.

The IT services sector remains robust, particularly in sectors like 'Insurance', 'Banks', and 'Public Administration'. Anticipated sales growth for 2025 ranges from EUR 1.35 to 1.45 billion, with earnings expected to rise further.