DGAP-Adhoc: adesso SE: Sales and EBITDA forecasts for 2019 are expected to be exceeded after a good final quarter
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DGAP-Ad-hoc: adesso SE / Key word(s): Preliminary Results adesso SE: Sales and EBITDA forecasts for 2019 are expected to be exceeded after a good final quarter After a good final quarter with larger license revenues with the in|sure product suite and, a noticeably increasing utilisation in the IT-service business of the parent company adesso SE, and in particular, a higher than expected consolidation effect from IFRS 16, the full-year forecast for the operating result EBITDA (EUR 40 million to EUR 45 million) is expected to be exceeded. With an expected turnover of EUR 449 million, an EBITDA of EUR 46 million is expected. The estimation is based on the current knowledge gained from the preparation of the consolidated financial statements. Explanations of the key figures used are published on the company's website at www.adesso-group.de/en/apm/ Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: [email protected]
17-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | adesso SE |
| Adessoplatz 1 | |
| 44269 Dortmund | |
| Germany | |
| Phone: | +49 231 7000-7000 |
| Fax: | +49 231 7000-1000 |
| E-mail: | [email protected] |
| Internet: | www.adesso-group.de |
| ISIN: | DE000A0Z23Q5 |
| WKN: | A0Z23Q |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; London |
| EQS News ID: | 977035 |
| End of Announcement | DGAP News Service |
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977035 17-Feb-2020 CET/CEST
adesso SE Stock
Currently there is a rather positive sentiment for adesso SE with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 120 € shows a slightly positive potential of 10.5% compared to the current price of 108.6 € for adesso SE.
