Nagarro publishes its audited results for fiscal year 2024 and its unaudited results for the first quarter of 2025.

quarter of 2025 and confirms the existing forecast for 2025

 EQS News: Nagarro SE / Key word(s): Quarterly Results/Annual Results
Nagarro publishes its audited results for fiscal year 2024
and its unaudited results for the first quarter of 2025 and confirms the
existing forecast for 2025

15.05.2025 / 08:20 CET/CEST
The issuer/publisher is responsible for the content of this announcement.

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May 15, 2025 - Nagarro, a global leader in digital
Engineering, today announced its audited financial results for the year ended December 31
2024 and its unaudited financial results for the year ended 31 December 2020.
March 2025. The Management Board and the
Supervisory Board will propose to the Annual General Meeting a dividend of EUR 1 per share
suggest.

Manas Human, Co-Founder, said: "We are delighted to report our strong results
and continue to confirm our current forecast for
2025. We currently have several measures in place to continuously promote
Growth and development have been initiated and we see great potential,
to further strengthen our course in the coming months."

Results for the 2024 financial year

Sales revenue increased from EUR 912.1 million in 2023 to EUR 972.0 million
in 2024, representing growth of 6.6% over the previous year.
Currency-adjusted sales growth in the financial year was 7.2%.
Gross profit increased from EUR 235.7 million (previous method) in
2023 to EUR 253.9 million (under the previous method) and EUR 295.8 million.
EUR (according to the current method) in 2024. The gross margin according to the
previous method was 26.1% in 2024, compared to 25.8% in
2023. Adjusted EBITDA increased from EUR 126.1 million in 2023 to EUR 147.5
million in 2024. The adjusted EBITDA margin increased from 13.8% in
2023 to 15.2% in 2024. EBITDA increased from EUR 118.6 million in
2023 to EUR 134.1 million in 2024. EBIT increased from EUR 83.2 million in
2023 to EUR 96.7 million in 2024. The result for the period in 2024 was
as in 2023 at EUR 49.2 million. The number of customers with whom Nagarro has a
Annual sales of more than EUR 1 million increased from 181 in the year
2023 to 186 in 2024.

Cash flow from operating activities increased from EUR 79.7 million in the year
2023 to EUR 86.5 million in 2024. The use of factoring in
The non-recourse factoring program was increased in 2024 by
EUR 3.5 million. The receivables outstanding, which is based on the
quarterly turnover and includes both contract assets and
Trade receivables, increased from 84 days on
December 31, 2023 to 88 days on December 31, 2024.

Nagarro's cash and cash equivalents amounted to EUR 192.6 million at the end of 2024
compared to EUR 110.1 million at the end of 2023. The
Nagarro's financial liabilities amounted to EUR 329.6 million at the end of 2024.
EUR compared to EUR 274.7 million at the end of 2023. As of December 31, 2024
The company employed 17,695 skilled workers.

The Management Board and the Supervisory Board will present the
Propose a dividend of EUR 1.00 per share.
Dividend proposal is an important milestone and underlines the
the company's long-term value creation strategy.

As part of its commitment to strong corporate governance,
The company proposes to the Annual General Meeting that the Supervisory Board
expand. The newly proposed candidates - Martin Enderle, Hans-Paul
Bürkner and Jack Clemons - bring in-depth knowledge in the areas
digital transformation, platform scaling, professional services
as well as finance and accounting. The company will also
propose that Carl Georg Dürschmidt be reappointed to the Supervisory Board.

Results for the first quarter of 2025

Sales revenues increased to EUR 246.9 million in the first three months of 2025,
compared to EUR 238.3 million in the first three months of 2024, representing growth
of 3.6%. Gross profit amounted to EUR 75.5 million in the first
three months of 2025, compared to EUR 73.6 million in the first three months of 2024.
The gross margin was 30.6% in the first three months of 2025, compared to
30.9% in the first three months of 2024. Adjusted EBITDA was 30.2
EUR million in the first three months of 2025, compared to EUR 39.2 million in the
first three months of 2024. EBITDA amounted to EUR 33.0 million in the
first three months of 2025, compared to EUR 36.0 million in the first three months
2024. EBIT amounted to EUR 24.1 million in the first three months of 2025,
compared to EUR 26.6 million in the first three months of 2024. The
The result for the period was EUR 11.2 million in the first three months of 2025,
compared to EUR 16.6 million in the first three months of 2024. The number of
Customers with whom Nagarro has had a
Annual sales of more than EUR 1 million rose from 181 on 31 March
2024 to 186 on March 31, 2025.

Cash flow from operating activities increased in the first three
months of 2025 to EUR 29.8 million, compared to EUR 25.9 million in the first three
Months of 2024. The factoring capacity utilization within the factoring program
without recourse was increased in the first three months of 2025 compared to 31.
December 2024 by EUR 6.7 million. The receivables period, which
is calculated based on quarterly sales revenue and includes both
Contract assets as well as trade receivables
decreased from 88 days on 31 December 2024 to 81 days
on March 31, 2025.

Nagarro’s cash and cash equivalents as of March 31, 2025, amounted to EUR 162.2 million in
Compared to EUR 192.6 million on 31 December 2024. The
Nagarro’s financial liabilities amounted to 302.5
million compared to EUR 329.6 million at the end of 2024. The company
employed 17,496 skilled workers as of March 31, 2025.

The overview for the twelve-month period ending December 31, 2024, provides
is as follows:

2024 2023 Growth
million million
EUR EUR
Sales 972.0 912.1 6.6% compared to the previous year 7.2%
compared to the previous year in constant
Currency
Gross Profit 295.8 -
(current
Method)
Gross Profit 253.9 235.7 7.7% compared to the previous year
(previous
Method)
Gross Margin 30.4 -
(current %
Method)
Gross Margin 26.1 25.8
(previous % %
Method)
Adjusted 147.5 126.1 16.9% compared to the previous year
EBITDA
Adjusted 15.2 13.8
EBITDA margin % %
EBITDA 134.1 118.6 13.1% compared to the previous year
EBIT 96.7 83.2 16.3% compared to the previous year
Net result for the period 49.2 49.2

The overview for the three-month period up to 31 March 2025 is
as follows:

Q1 Q1
2025 2024 Growth
million million
EUR EUR
Sales 246.9 238.3 3.6% compared to the previous year 2.4% compared to
the previous year in constant currency
Gross Profit 75.5 73.6 2.6% compared to the previous year
Gross Margin 30.6 30.9
% %
Adjusted 30.2 39.2 -22.8% compared to the previous year
EBITDA
Adjusted 12.2 16.4
EBITDA margin % %
EBITDA 33.0 36.0 -8.2% compared to the previous year
EBIT 24.1 26.6 -9.5% compared to the previous year
Result for the period - 11.2 16.6 -32.2% compared to the previous year
nis

Nagarro SE will hold its analyst and investor meeting to discuss the
fiscal year 2024 and the first quarter of 2025 in the form of a
Hold a video conference on May 15, 2025, at 1:00 PM CEST (4:00 AM PT /
6:00 CT / 7:00 ET / 12:00 BST / 15:00 GST / 16:30 IST
/ 7:00 PM SGT / 8:00 PM JST).

For private investors, Nagarro SE will hold a call to discuss the
Fiscal year 2024 and the first quarter of 2025 on May 15, 2025 at 2:30 p.m.
CEST (5:30 a.m. PT / 7:30 a.m. CT / 8:30 a.m. ET / 1:30 p.m
BST / 4:30 PM GST / 6:00 PM IST / 8:30 PM SGT / 9:30 PM JST).

To participate, please register in advance at
https://www.nagarro.com/investor-relations/quarterly-statement-call-q1-2025


About Nagarro

Nagarro, a global leader in digital engineering,
supports clients in becoming fluidic, innovative, digital-first companies
and thereby be successful in their markets. The company
is characterized by its entrepreneurial, agile and global character,
its CARING mentality and its "Fluidic Enterprise" vision. Nagarro
employs around 17,500 people and is represented in 39 countries.
For further information please visit www.nagarro.com.

FRA: NA9 (ISIN DE000A3H2200, WKN A3H220)

For inquiries, please contact [email protected].


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15.05.2025 CET/CEST Publication of a corporate news/financial news,
transmitted by EQS News - a service of the EQS Group.
The issuer/publisher is responsible for the content of this announcement.

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Language: German
Company: Nagarro SE
Baierbrunner Straße 15
81379 Munich
 Germany
Phone: 089 / 785 000 282
Email: [email protected]
Internet: www.nagarro.com
ISIN: DE000A3H2200
WKN: A3H220
Stock exchanges: Regulated market in Frankfurt (Prime Standard);
Over-the-counter in Berlin, Düsseldorf, Hamburg, Munich,
 Stuttgart, Tradegate Exchange
EQS News ID: 2137976



End of message EQS News Service
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2137976 15.05.2025 CET/CEST