Adesso Reports Increased Profitability in Third Quarter

Adesso AG has reported a 24% increase in its operating result for the first nine months of 2024, reaching EUR 66.5 million. Sales revenues rose by 15% to EUR 961.3 million. The EBITDA margin in Q3 2024 improved significantly to 11.8%, compared to 4.4% in the first half of the year, marking strong quarterly performance.

Revenue growth has been driven largely by the German market, with significant contributions from international locations such as Turkey, Austria, and Italy. Key growth sectors include healthcare and utilities, with increases of 48% and 43%, respectively.

The company attributes its success to sustained demand for digitalisation services and improved capacity utilisation. Looking forward, the Executive Board remains optimistic about continuing this positive trend into the final quarter and 2025, with expected annual sales of over EUR 1.25 billion.