Q1 2026 adesso SE Earnings Call Transcript

May 11, 2026 / 08:00 AM GMT

Release Date Price: $130.04

Transcript

Key Points

Positve

Adesso SE (XTER:ADN1) reported a 30% increase in sales, reaching EUR 398.1 million, driven entirely by organic growth.
The operating result saw a significant boost of 58%, with EBITDA reaching EUR 27 million, EUR 9.9 million more than the previous year.
The company experienced a 10% increase in headcount, with notable growth in international markets such as Romania, Bulgaria, and India.
Adesso SE's diversification strategy is paying off, with strong performances in sectors like insurance (30% growth) and utilities (31% growth).
Switzerland showed a turnaround with a 15% growth rate, contributing significantly to revenues abroad.

Negative

The automotive sector faced a 20% decrease in sales, reflecting industry challenges.
Capacity utilization was lower than expected, impacting profitability, although improvements are anticipated in Q2.
The tax rate remains high, between 45% and 50%, due to non-deductible expenses and losses from certain subsidiaries.
Net working capital increased disproportionately by 28%, posing challenges in managing accounts receivable and contract assets.
The public sector showed only a 5% growth, attributed to weak order entry in previous quarters and delays in budget impacts.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ADNGk.DE - adesso SE
Q1 2026 adesso SE Earnings Call
May 11, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

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Unidentified_2 [2]
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Everybody. This is Martin Norman of Alesso IR speaking. First of all, I'd like to thank you for joining our Q1 earnings call regarding our quarterly statement we have published today.

Within our release this morning, you found Alesso keeping up its fast organic growth pace with 30% in sales to eur398.1 milliono.

The operating result boosted significantly by 58% to EUR27 million. This is EUR9.9 million more than last year's EBITDA contribution. Since the second-half of the year in Germany provides a significantly larger

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