Business
Adesso SE increases sales by 13% to EUR 398.1 million in the first quarter of 2026 / EBITDA of EUR 27.0 million is in line with expectations and significantly higher than previous year (EUR 17.1 m)
Adesso SE increases sales by 13% to EUR 398.1 million in the first quarter of 2026 / EBITDA of EUR 27.0 million is in line with expectations and significantly
About this update from Adesso Se
EQS-News: adesso SE / Key word(s): Quarterly / Interim Statement/Quarter Results adesso SE increases sales by 13% to EUR 398.1 million in the first quarter of 2026 / EBITDA of EUR 27.0 million is in line with expectations and significantly higher than previous year (EUR 17.1 m) 11.05.2026 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement.adesso SE increases sales by 13% to EUR 398.1 million in the first quarter of 2026 / EBITDA of EUR 27.0 million is in line with expectations and significantly higher than previous year (EUR 17.1 m)Strong organic growth despite subdued capacity utilisation at the start of the year Significant increase in earnings contribution and margin compared with the previous year Consolidated earnings of EUR 2.7 million (previous year: EUR -7.3 million)In a challenging macroeconomic environment, adesso SE increased its sales in the first quarter of 2026 by 13% to EUR 398.1 million (previous year: EUR 351.2 million), with the growth being entirely organic. The number of full-time equivalent (FTE) employees increased by 10% to 11,497 (previous year: 10,461) as at the reporting date, a rise that was less than proportional to sales growth. Personnel costs and, in particular, other operating expenses also increased at a lower rate than sales, resulting in a significantly improved operating profit (EBITDA) of EUR 27.0 million (previous year: EUR 17.1 million). The EBITDA margin of 6.8% (previous year: 4.9%) shows a marked improvement. Driven by demand, but also due to an increase in projects carried out as a general contractor, the cost of materials rose disproportionately to sales by 16% (previous year: 27%) to EUR 62.2 million (previous year: EUR 53.9 million) as a result of the use of external contractors. Staff costs rose by just 12% to EUR 276.6 million (previous year: EUR 248.0 million) and other operating expenses by 7% to EUR 41.0 million (previous year: EUR 38.3 million). With an average increase in FTE headcount of 10%, this corresponds to a continued moderate rise in personnel costs per FTE of 1%. Gross profit per FTE increased by 3% from EUR 114,000 in the previous year to EUR 117,000. Despite growth expectations for the German economy being halved this year as a result of the Iran conflict, adesso’s digitalisation portfolio is meeting with strong demand. In particular, the business with SAP ...