Adesso SE Reports 16% Sales Growth and 10% EBITDA Increase in H1 2024

adesso SE has announced a significant increase in sales and profitability for the first half of 2024. Sales rose by 16% to EUR 631.1 million, while EBITDA improved by 10% to EUR 27.7 million. The company attributes this growth to strong demand for its digitalisation services.

In response to market dynamics, adesso reduced its recruitment rate to enhance capacity utilisation. The average number of employees increased by 15%, aligning with sales growth. Despite the slower-than-expected recovery in capacity utilisation, positive trends are evident.

Higher personnel and operating expenses were noted, although these costs rose at a slower rate compared to previous periods. The company expects further improvements in capacity utilisation and profitability in the second half of the year, with a projected EBITDA ranging from EUR 80 million to EUR 110 million for 2024.