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EarningsQ4 2025 Earnings Report
DE:ADN1 Q4 2025 EPS Results
Actual EPS€0.39
Consensus EPS―
Beat/Miss―
One Year Ago EPS-€0.54
DE:ADN1 Q4 2025 Revenue Results
Actual Revenue€398.09M
Expected Revenue€385.00M
Beat/MissBeat by +€13.09M
YoY Revenue Growth+18.59%
Earnings Announcement Details
QuarterQ4 2025
Date03/31/2026
TimeBefore Open
Conference CallTuesday, March 31, 2026
DE:ADN1 Upcoming Earnings
adesso AG's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q4 2025 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2025 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial performance: strong revenue growth, a sizable 30% increase in EBITDA, material uplift in license and SaaS revenues, improved profitability metrics, and constructive guidance for 2026. However, material execution risks remain—most notably elevated net working capital and weak free cash flow, an underperforming IT Solutions segment still in turnaround, pressure on daily rates, and a high effective tax rate. Management has clear initiatives (utilization, daily rates, platform monetization, AI-driven services) and provided transparent restatement disclosures, but several operational and cash-conversion issues temper the upbeat top-line and EBITDA momentum.Company Guidance
Strong Revenue Performance
Sales for FY2025 reported at EUR 1.466–1.47 billion with management citing strong growth (transcript references: +14% 'purely organic' and an alternate +40% comparison to the prior year figure of EUR 1.286 billion). Company states resilient, diversified revenue base across sectors and regions.
Significant EBITDA Expansion
EBITDA reached EUR 123.6 million, up 30% versus EUR 94.8 million in the prior year; EBITDA margin improved to 8.4% (up from prior years) and hit the upper end of guided range for the year.
Improved Profitability Metrics (EBIT / EPS / ROE)
EBIT margin increased to 3.4% (from 2.1% prior year). Earnings per share rose to EUR 3.83. Return on equity improved to 9.1% from 2.3% and return on net working capital improved to 25.4% from 17.5%.
Notable License and SaaS Revenue Growth
License sales for adesso insurance solutions jumped to EUR 13.5 million from EUR 3 million in 2024. Software-as-a-Service revenues increased from ~EUR 1 million to EUR 3.9 million, indicating growing recurring revenue streams.
Headcount and Offshore Delivery Expansion
Headcount at year-end rose to 11,298 from 10,320 (+978 employees). Average FTE grew ~8%. India headcount increased from ~100 to ~300; roughly 60% of new hires in Germany and ~40% abroad (including Romania, Bulgaria, India), supporting shoring strategy and scale.
Market Position and Sector Strengths
Became the #1 German-origin IT service provider in Germany. Strong sector performance: insurance very strong, health +30%, banking +9%, public +11%, manufacturing +8%, utilities +24% (SAP-driven).
Positive Guidance for 2026
Guidance for FY2026: revenue expected in range EUR 1.6–1.7 billion (management cited growth guidance in the c.9%–16% range elsewhere in call) and EBITDA guidance EUR 130–150 million, indicating continued top-line and earnings growth expectations.
Successful Restatement Transparency and Minor Cash Impact
Company identified need to reclassify certain development work to internally generated intangible assets; clarified P&L and balance sheet impacts (restatement reduces 2024 revenue by EUR 11 million and EBITDA by EUR 3.6 million) and emphasized cash flows were unaffected by the reclassification.
Dividend Continuity
Dividend proposal EUR 0.78 per share (total ~EUR 5 million) — marginal increase from EUR 4.8 million prior year, continuing a 13‑year track of dividend increases.
AI Opportunity and Positioning
Management highlights AI-driven 'agent-based application modernization' as a sizable market opportunity; company believes its long-standing software engineering and domain expertise position it well to capture new AI-enabled modernization projects.
DE:ADN1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed