Business
Nagarro releases audited FY 2024 and unaudited Q1 2025 results, confirms existing guidance for 2025
Nagarro, a global digital engineering leader, today announced its audited financial numbers for its full year ended December 31, 2024, and its unaudited financial numbers for the three months ended March 31, 2025. The Management Board and the Supervisory Board will propose to the Annual General Meeting a dividend of €1 per share.
About this update from Nagarro Se
[{"type":"text","content":"MUNICH, May 15, 2025 /PRNewswire/ -- Nagarro, a global digital engineering leader, today announced its audited financial numbers for its full year ended December 31, 2024, and its unaudited financial numbers for the three months ended March 31, 2025. The Management Board and the Supervisory Board will propose to the Annual General Meeting a dividend of €1 per share.","length":368,"tagName":"p"},{"type":"image","alt":"Nagarro logo","displaySize":"","headline":null,"caption":"Nagarro logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/9e35894697f42eeff290d8bdf69b8ee0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hN6zmVSHGrzfKs1nOkBSuQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9e35894697f42eeff290d8bdf69b8ee0","width":400,"height":300}}},{"type":"text","content":"Manas Human, Co-founder, said, "We are pleased to announce our robust results and confirm that we remain confident in our existing guidance for 2025. We have several growth and maturity initiatives now in motion, and we are excited about their potential to lift our trajectory in the months to come."","length":310,"tagName":"p"},{"type":"text","content":"2024 results","length":12,"tagName":"p"},{"type":"text","content":"Revenue grew to €972.0 million in 2024, up from €912.1 million in 2023, a YoY growth of 6.6%. The constant currency growth in annual revenue was 7.2%. Gross profit grew to €295.8 million (as per the current method) and €253.9 million (as per the previous method) in 2024 from €235.7 million (as per the previous method) in 2023. As per the previous method, gross margin was 26.1% in 2024 compared to 25.8% in 2023. Adjusted EBITDA grew to €147.5 million in 2024 from €126.1 million in 2023. Adjusted EBITDA margin grew to 15.2% in 2024, up from 13.8% in 2023. EBITDA grew to €134.1 million in 2024 from €118.6 million in 2023. EBIT grew to €96.7 million in 2024 from €83.2 million in 2023. Net profit remained at €49.2 million in 2024, as in 2023. The number of clients doing more than €1 million in annual revenue with Nagarro rose from 181 in 2023&n...