adesso First Quarter 2024 Earnings: €0.49 loss per share (vs €0.28 profit in 1Q 2023)

adesso (ETR:ADN1) First Quarter 2024 Results

Key Financial Results

• Revenue: €324.8m (up 17% from 1Q 2023).
• Net loss: €3.20m (down by 278% from €1.79m profit in 1Q 2023).
• €0.49 loss per share (down from €0.28 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

adesso Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany.

Performance of the German IT industry.

The company's shares are down 3.4% from a week ago.

Valuation

adesso's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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