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    ADN1   DE000A0Z23Q5

ADESSO SE

(ADN1)
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PRESS RELEASE: adesso founds adesso Nordics in Finland / Expansion into the Northern European Region

06/08/2021 | 01:57am EDT
DGAP-News: adesso SE / Key word(s): Expansion/Strategic Company Decision 
adesso founds adesso Nordics in Finland / Expansion into the Northern European Region 
2021-06-08 / 07:56 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
adesso founds adesso Nordics in Finland / Expansion into the Northern European Region 
adesso has its first foothold in Northern Europe. With the newly founded national company adesso Nordics Oy in 
Helsinki, adesso, as one of the leading IT service providers in German-speaking countries, will now also open up the 
Northern European countries. adesso will market its portfolio in Scandinavia and the Baltic States from Finland on. 
adesso Nordics focuses initially on the core industries of banking and insurance as well as manufacturing industry, 
automotive and lottery in Northern Europe. In addition, adesso Nordics brings the German experience, skills and 
capacity for SAP S/4HANA transformations available to the Nordic markets. The market is expected to transfer towards 
the new version of SAP ERP solution during the next few years. 
Ari Torpo (52) will lead adesso Nordics Oy as Managing Director. Mr. Torpo is internationally experienced consultant 
and business development leader who brings not only his network but also many years of experience in ERP 
transformations. The former Industry sector Managing Director at Accenture Nordics (2006 to 2020) is convinced "that 
digitalisation will continue to sweep society and change entire industries and will require seasoned leaders who can 
develop businesses, new sales, open new markets and scale up businesses." 
adesso is also partnering with the Finnish data service and IT company 1001 Lakes Oy in order to position adesso 
Nordics Oy strongly with attractive capabilities and portfolio in data and analytics and data economies, data sharing 
and monetization of data. The founding team of 1001 Lakes is considered a European leader in data space and ecosystem 
design, e.g. based on the International Data Spaces (IDS) architecture. Moreover, the companies are partnering by 
establishing adesso Lakes GmbH to bring these services to Central European customers and market. 
The new subsidiary adesso Nordics in Finland is the eighth foreign subsidiary of adesso in Europe - after subsidiaries 
in Austria, Switzerland, the Netherlands, Spain, Hungary, Bulgaria and Turkey (Istanbul). This brings adesso another 
step closer to its goal of establishing itself as a leading, internationally operating and well-networked IT service 
provider throughout Europe. Currently, the adesso Group is represented by about 5,100 employees in more than 40 cities 
in a total of nine countries. 
 
adesso Group 
With about 5,100 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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-08 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:      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:  1205119 
 
End of News   DGAP News Service 
=------------ 

1205119 2021-06-08

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1205119&application_name=news 
 

(END) Dow Jones Newswires

June 08, 2021 01:56 ET (05:56 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE PLC -0.50% 316.08 Delayed Quote.21.01%
ADESSO SE -0.39% 154.4 Delayed Quote.59.79%
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
US DOLLAR / TURKISH LIRA (USD/TRY) -0.28% 8.32357 Delayed Quote.13.58%
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Financials
Sales 2021 625 M 742 M 742 M
Net income 2021 39,8 M 47,3 M 47,3 M
Net Debt 2021 20,0 M 23,8 M 23,8 M
P/E ratio 2021 24,1x
Yield 2021 0,39%
Capitalization 959 M 1 139 M 1 139 M
EV / Sales 2021 1,57x
EV / Sales 2022 1,35x
Nbr of Employees 4 975
Free-Float 41,7%
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Number of Analysts 3
Last Close Price 155,00 €
Average target price 156,67 €
Spread / Average Target 1,08%
EPS Revisions
Managers and Directors
Michael Kenfenheuer Chief Executive Officer
J÷rg Schroeder Chief Financial Officer
Volker Gruhn Chairman-Supervisory Board
Friedrich W÷bking Vice Chairman-Supervisory Board
Heinz-Werner Richter Member-Supervisory Board
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