published on 05/12/2023 at 17:40 from Nagarro SE (isin : DE000A3H2200)

EQS-Adhoc: Nagarro SE: Adjustment in guidance for FY 2023

EQS-Ad-hoc: Nagarro SE / Key word(s): Forecast/Change in Forecast
Nagarro SE: Adjustment in guidance for FY 2023

12-May-2023 / 17:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

May 12, 2023 – The Nagarro SE Management Board today analyzed the January to April developments, including currency movements, and consequently decided to revise the company's guidance for 2023. The company adjusted its estimate for 2023 revenue, not including acquisitions made in 2023, from €1,020 million to the region of €940 million. The estimate for gross margin remained at 28%, while the estimate for Adjusted EBITDA margin remained at 15%.

Note: This document contains supplementary non-IFRS financial measures. Gross margin and Adjusted EBITDA margin are alternative performance measures that are not defined in accordance with international accounting standards. Nagarro uses these measures to enable better comparability of the business over time and within the industry. For details on alternative performance measures see Nagarro SE Annual Report 2022. This document also includes forward-looking statements that represent management's expectations based on assumptions and estimates, but future actual developments and future actual results may deviate from these assumptions and estimates.

Contact:

Nagarro SE
Investor Relations
Baierbrunner Str. 15
81379 Munich
Tel.: +49 (0)89/785000282
Tel.: +49 (0)89/231219151 (Investor Relations)
Fax: +49 (0)322/22132620
E-mail: ir@nagarro.com
Web: www.nagarro.com

Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9)

End of Inside Information

12-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Nagarro SE
	Baierbrunner Straße 15
	81379 München
	Germany
Phone:	089 / 785 000 282
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:	1632271


End of Announcement	EQS News Service

1632271 12-May-2023 CET/CEST

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