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    ADN1   DE000A0Z23Q5

ADESSO SE

(ADN1)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PRESS RELEASE : adesso continues seeing strong -2-

08/30/2021 | 01:30am EDT

exceeding the original guidance. However, the pandemic-related reluctance of individual insurance companies to make major investment decisions that was seen in the previous year could repeat itself in the event of a fourth wave of the pandemic. Because sales growth is generally expected to continue in the second half of the year, the sales target for 2021 of more than EUR 600 million appears to be well within reach. Against this backdrop, the company stands by its EBITDA margin target of at least 12.0 % (first half of 2021: 17.3 %) and its EBITDA forecast of over EUR 89 million (first half of 2021: EUR 55.7 million), which was adjusted in May to account for a non-recurring effect.

The complete half-year report and a tabular overview of key figures are available in the Investor Relations section of the adesso website at www.adesso-group.de/en/.

adesso Group With more than 5,300 employees and annual sales of EUR 523.4 million in 2020, adesso Group is one of the largest German IT service providers with outstanding growth opportunities. At its own locations in Germany, other locations in Europe and Turkey as well as at numerous local customers adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. In 2020, adesso was awarded the title of the best employer of its size in Germany across all industries. After having already achieved first place among IT employers in 2016 and 2018, adesso was ranked first again in 2020. Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: ir@adesso.de

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2021-08-30 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

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Language:     English 
Company:      adesso SE 
              Adessoplatz 1 
              44269 Dortmund 
              Germany 
Phone:        +49 231 7000-7000 
Fax:          +49 231 7000-1000 
E-mail:       ir@adesso.de 
Internet:     www.adesso-group.de 
ISIN:         DE000A0Z23Q5 
WKN:          A0Z23Q 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange; London 
EQS News ID:  1229472 
 
End of News   DGAP News Service 
=------------ 

1229472 2021-08-30

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1229472&application_name=news

(END) Dow Jones Newswires

August 30, 2021 01:29 ET (05:29 GMT)

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Analyst Recommendations on ADESSO SE
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Financials
Sales 2021 643 M 748 M 748 M
Net income 2021 42,8 M 49,7 M 49,7 M
Net Debt 2021 12,4 M 14,4 M 14,4 M
P/E ratio 2021 25,5x
Yield 2021 0,35%
Capitalization 1 141 M 1 327 M 1 327 M
EV / Sales 2021 1,79x
EV / Sales 2022 1,53x
Nbr of Employees 5 309
Free-Float 47,3%
Chart ADESSO SE
Duration : Period :
adesso SE Technical Analysis Chart | ADN1 | DE000A0Z23Q5 | MarketScreener
Technical analysis trends ADESSO SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 175,40 €
Average target price 216,67 €
Spread / Average Target 23,5%
EPS Revisions
Managers and Directors
Michael Kenfenheuer Chief Executive Officer
Jörg Schroeder Chief Financial Officer
Volker Gruhn Chairman-Supervisory Board
Friedrich Wöbking Vice Chairman-Supervisory Board
Heinz-Werner Richter Member-Supervisory Board
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