adesso SE

Latest Results (09.11.2025):

In its 1st half of 2025, adesso SE delivered improved financial performance with strong organic sales growth and significant progress in operating margins. The company’s report shows total sales revenues of EUR 709.5 million – a 12% increase compared to 1st HY 2024 – with both domestic and international segments contributing, while EBITDA climbed by 34% to reach EUR 37.2 million. Notably, consolidated earnings improved by 40% (narrowing the loss from EUR -9.93 million to EUR -5.96 million) and earnings per share rose from -1.51 EUR to -0.88 EUR. The report further highlighted evolving quarterly results in Q1/2025 and Q2/2025, alongside a headcount increase and strategic financial investments for sustained growth.

Sales Revenue Growth

adesso SE’s sales revenues in 1st HY 2025 reached EUR 709.5 million, marking a 12% increase year on year. This growth was driven by a 14% rise in domestic sales (EUR 594.6 million) and a modest 6% gain in foreign sales, demonstrating the robust market demand across both key segments.

Improved Operating Performance

EBITDA surged by 34% to EUR 37.2 million, boosting the EBITDA margin from 4.4% in 1st HY 2024 to 5.2% in 1st HY 2025. Consolidated earnings also saw a marked improvement, with losses narrowing by 40% compared to the prior period, which was also reflected in a 42% improvement in earnings per share.

Quarterly Highlights: Q1/2025 vs Q2/2025

Breaking down the half-year performance, Q1/2025 recorded sales revenues of EUR 353.4 million and an EBITDA of EUR 17.85 million, while Q2/2025 achieved sales revenues of EUR 356.1 million alongside an EBITDA of EUR 19.34 million. These figures underline steady execution throughout the first two quarters of 2025.

Financial Position and Investment in Growth

While the balance sheet reflected a 6% increase in the balance sheet total to EUR 843.5 million, the equity ratio declined from 24.2% to 21.5%, and liquid assets were reduced by 14%. Additionally, the net cash position deteriorated by 24%, suggesting that strategic reinvestments and operational growth initiatives continue to shape the company’s long-term financial positioning.