12.08.2022 Nagarro SE  DE000A3H2200

DGAP-News: Nagarro SE posts 65.0% YoY revenue growth in Q2


 

DGAP-News: Nagarro SE / Key word(s): Half Year Results/Half Year Report
Nagarro SE posts 65.0% YoY revenue growth in Q2

12.08.2022 / 09:06 CET/CEST
The issuer is solely responsible for the content of this announcement.


August 12, 2022 – Nagarro, a global digital engineering leader, today presented its unaudited key financial numbers for Q2 2022 (April 1 to June 30, 2022) as part of its half-yearly financial report 2022. Nagarro carried over its revenue momentum from Q1 2022 into Q2 2022. Demand continued to be strong and appeared unaffected by the looming possibility of a slowdown in the economy. Revenue grew to €210.0 million in Q2 2022, up 65.0% YoY from €127.3 million in Q2 2021, and up 13.2% QoQ from €185.5 million in Q1 2022.

Constant currency YoY revenue growth for Q2 2022 was 55.7%. Gross profit increased to €60.2 million in Q2 2022 from €38.0 million in Q2 2021. Gross margin dropped to 28.7% in Q2 2022 from 29.9% in Q2 2021. Adjusted EBITDA grew by 111.9% YoY to €40.2 million (19.1% of revenue) in Q2 2022, from €19.0 million (14.9% of revenue) in Q2 2021.

EBITDA in Q2 2022 grew by 156.2% YoY to €39.4 million, from €15.4 million in Q2 2021. The main EBITDA adjustment was on account of stock option expense of €0.8 million. EBIT increased by 224.0% YoY to €31.1 million, from €9.6 million in Q2 2021. Net profit increased by 296.3% YoY to €22.3 million against €5.6 million in Q2 2021.

The company added a net 872 professionals in Q2 2022 – a number that includes trainees and lateral hires.

Dipika Srivastava, a Nagarrian in Lucknow, India, who works on cloud, web APIs and Microservices, said: “Each and every Nagarrian is thrilled at the growth we have been able to achieve. Nagarro is clearly making its mark as the world’s leading provider of agile technology services.”

H1 results

Nagarro released its half-yearly financial report. Revenue grew to €395.6 million in H1 2022 (January 1 to June 30, 2022), up 62.8 % YoY from €243.0 million in H1 2021. Constant currency revenue growth for H1 2022 was 55.6%. Gross profit increased to €110.5 million in H1 2022 from €72.1 million in H1 2021. Gross margin dropped to 27.9% in H1 2022 from 29.7% in H1 2021. Adjusted EBITDA grew 84.3 % YoY to €69.1 million (17.5 % of revenue) in H1 2022, up from €37.5 million (15.4% of revenue) in H1 2021. EBITDA increased by 105.7 % YoY to €67.2 million, from €32.7 million in H1 2021. EBIT increased by 141.2 % YoY to €51.6 million, from €21.4 million in H1 2021. Net profit increased by 172.4 % YoY to €36.2 million against €13.3 million in H1 2021. The cash balance decreased by €34.5 million from December 31, 2021 to €72.1 million, mainly on account of expenses related to various acquisitions.

Nagarro will hold its analyst meeting as a video call to discuss half-yearly financial report 2022 on August 12, 2022, 1:30 pm CEST (Berlin), which corresponds to 12:30 pm BST (London), 7:30 am EDT (New York City), 4:30 am PDT (San Francisco), 7:30 pm SGT (Singapore), 8:30 pm JST (Tokyo) and 5:00 pm IST (New Delhi). Please feel free to register here for our earnings video call.

 

About Nagarro

Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs. Nagarro employs over 16,800 people and is present in 31 countries. For more information, www.nagarro.com.

FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220)

For inquiries, please contact [email protected].



12.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Nagarro SE
Einsteinstraße 172
81677 München
Germany
Phone: 089 9984210
Internet: www.nagarro.com
ISIN: DE000A3H2200
WKN: A3H220
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1419199

 
End of News DGAP News Service

1419199  12.08.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1419199&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 0,00 210,55 287,33 402,43 430,37 546,04 800,00
EBITDA1,2 0,00 21,36 32,28 61,58 66,18 70,26 110,00
EBITDA-Marge3 0,00 10,14 11,23 15,30 15,38 12,87 13,75
EBIT1,4 0,00 11,27 18,57 42,42 44,54 45,69 0,00
EBIT-Marge5 0,00 5,35 6,46 10,54 10,35 8,37 0,00
Jahresüberschuss1 0,00 3,65 8,17 30,40 24,36 30,00 0,00
Netto-Marge6 0,00 1,73 2,84 7,55 5,66 5,49 0,00
Cashflow1,7 0,00 5,54 8,58 40,87 69,44 43,96 0,00
Ergebnis je Aktie8 0,00 0,32 0,72 2,67 1,60 2,16 3,22
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Lohr & Company

INVESTOR-INFORMATIONEN
©boersengefluester.de
Nagarro
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A3H220 90,900 1.252,24
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
23,92 28,23 0,85 51,59
KBV KCV KUV EV/EBITDA
12,93 28,49 2,29 19,29
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 29.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2022 12.08.2022 14.11.2022 29.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-16,42% -30,66% -55,00% -41,17%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Nagarro SE  ISIN: DE000A3H2200 können Sie bei DGAP abrufen


IT-Services , A3H220 , NA9 , XETR:NA9