Nagarro SE expects a revenue of one billion euros for the fiscal year 2024

Munich, February 20, 2024 - Nagarro SE announces its financial forecasts for the year 2024, projecting a revenue close to one billion euros. This estimate is based on constant currency terms. As for margins, the company anticipates a gross margin and an adjusted EBITDA margin of 27% and 14%, respectively.

It is worth noting that these financial measures, such as gross margin and adjusted EBITDA margin, are alternative performance indicators not defined by international accounting standards. Nagarro uses them to enhance comparability of its operations over time and within the industry. Further details on these measures are available in Nagarro SE's 2022 annual report.

This communication also includes forward-looking statements based on management's assumptions and estimates. However, actual future developments and outcomes may differ from these assumptions and estimates.