adesso Second Quarter 2024 Earnings: €1.02 loss per share (vs €1.18 loss in 2Q 2023)
adesso (ETR:ADN1) Second Quarter 2024 Results
Key Financial Results
- Revenue: €323.4m (up 19% from 2Q 2023).
- Net loss: €6.66m (loss narrowed by 13% from 2Q 2023).
- €1.02 loss per share (improved from €1.18 loss in 2Q 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 8.3% growth forecast for the IT industry in Germany.
Performance of the German IT industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with adesso, and understanding this should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:ADN1
adesso
Provides IT services in Germany, Austria, Switzerland, and internationally.
Reasonable growth potential and fair value.
