adesso AG: Sales and earnings forecasts for 2017 are expected to be exceeded after a good final quarter
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
Due to adesso's continued revenue and earnings growth in the fourth quarter it is expected to exceed Group sales guidance (EUR 270 to 300 million) and adjusted EBITDA forecast from August 2017 for the full-year 2017 (EUR 20 to 24 million). Thus, it is expected to slightly exceed the previous year's operating income (EBITDA, Earnings before interest, taxes, depreciation and amortisation). The drivers of the positive development after the weaker first half of 2017 are the increase in customer-billable hours per employee and license sales with own products and solutions. The estimation is based on the current, unaudited and unconsolidated individual financial statements of the single accounts.
Manager Investor Relations
Tel.: +49 231 7000-7000
|Stockholmer Allee 20|
|Phone:||+49 231 7000-7000|
|Fax:||+49 231 7000-1000|
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|End of Announcement||DGAP News Service|