adesso SE moves up to the SDAX / Continuous expansion to become a leading digitalisation partner in Europe
04.03.2022 / 07:30
The Dortmund-based consulting and software development company adesso SE will be listed in the SDAX in future. This was announced yesterday evening by Deutsche Börse following its latest regular review of the composition of the DAX indices. The inclusion in the SDAX will take effect on 21 March 2022. This will place adesso among the 70 largest companies in terms of free float market capitalisation below the DAX and MDAX.
The admission underlines investor interest in the strongly growing and profitable company. Over the last ten years, adesso has increased its sales by an average of 20% per year and expanded the number of employees to over 5,800. After a share price increase of 81 % in 2020, the share price rose again in 2021 by 115 %, far more than the selection indices. In the future, the company intends to continue on its growth path based on the sustained high demand for digitalisation services and products and is well positioned to do so.
Michael Kenfenheuer, CEO of adesso SE, is pleased about the inclusion in the prestigious index and the investors' confidence in adesso's long-term sustainable business model: "As part of our growth strategy, we will continue to consistently pursue our goal of expanding the company into one of the leading consulting and technology groups in Europe. Our customers appreciate our exceptional industry expertise and our proprietary software products and solutions, which make adesso a sought-after and reliable partner for all digitalisation projects. The demand for IT services and software remains high, so that adesso will continue to benefit from this in the future due to its own advantageous positioning."
Deutsche Börse reviews the composition of its indices once a quarter. In the March review, the DAX index family is reviewed by all rules, Fast Exit, Fast Entry, Regular Exit and Regular Entry.
With more than 5,600 employees and annual sales of approx. EUR 677 million in 2021 (preliminary figures), adesso Group is one of the largest German IT service providers with outstanding growth opportunities. At its own locations in Germany, other locations in Europe and Turkey as well as at numerous local customers adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. In 2020, adesso was awarded the title of the best employer of its size in Germany across all industries. After having already achieved first place among IT employers in 2016 and 2018, adesso was ranked first again in 2020.
Manager Investor Relations
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