Adesso SE Reports Strong Sales Growth in H1 2024

Adesso SE has announced a significant increase in its sales and EBITDA for the first half of 2024. Sales grew by 16% year-on-year, reaching EUR 631.1 million. EBITDA saw a 10% rise to EUR 27.7 million.

The company made strategic investments to meet the high demand for digitalization. Despite a slower-than-expected increase in capacity utilization, Adesso remains optimistic about improving profitability in the second half of the year.

However, higher depreciation and interest payments resulted in negative EBIT and consolidated earnings for the first half. The company managed to reduce working capital by 17% and improved its net debt by EUR 28.1 million.

Adesso has adjusted its EBITDA guidance to a range of EUR 80 to 110 million while keeping sales projections unchanged at over EUR 1.25 billion.