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Nagarro announces preliminary numbers for FY 2024: revenue grows to €972 million, Adjusted EBITDA margin to 15.1%

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Nagarro, a global digital engineering leader, reported strong financial results for FY 2024, with revenue reaching €972.0 million, marking a 6.6% year-over-year growth. The company achieved a constant currency growth of 7.2%.

Key financial highlights include:

  • Gross margin improved to 30.4% under new accounting method
  • Adjusted EBITDA increased to €146.5 million from €126.1 million
  • EBITDA margin expanded to 15.1% from 13.8% in 2023
  • Cash balance strengthened to €192.6 million from €110.1 million

The company maintained a workforce of 17,695 professionals by year-end. Despite macro headwinds, COO Vikram Sehgal expressed satisfaction with 2024's performance and confidence in 2025's start. The audited annual report and Q1 2025 statement will be released on May 15, 2025.

Nagarro, leader globale nell'ingegneria digitale, ha riportato risultati finanziari solidi per l'anno fiscale 2024, con ricavi che hanno raggiunto i 972,0 milioni di euro, segnando una crescita del 6,6% rispetto all'anno precedente. L'azienda ha registrato una crescita a valuta costante del 7,2%.

I principali dati finanziari includono:

  • Margine lordo migliorato al 30,4% secondo il nuovo metodo contabile
  • EBITDA rettificato aumentato a 146,5 milioni di euro da 126,1 milioni
  • Margine EBITDA ampliato al 15,1% dal 13,8% del 2023
  • Saldo di cassa rafforzato a 192,6 milioni di euro da 110,1 milioni

L'azienda ha mantenuto una forza lavoro di 17.695 professionisti a fine anno. Nonostante le difficoltà macroeconomiche, il COO Vikram Sehgal ha espresso soddisfazione per le performance del 2024 e fiducia nell'inizio del 2025. Il bilancio annuale revisionato e il comunicato del primo trimestre 2025 saranno pubblicati il 15 maggio 2025.

Nagarro, líder global en ingeniería digital, reportó sólidos resultados financieros para el año fiscal 2024, con ingresos que alcanzaron los 972,0 millones de euros, lo que representa un crecimiento interanual del 6,6%. La compañía logró un crecimiento a moneda constante del 7,2%.

Los aspectos financieros clave incluyen:

  • Margen bruto mejorado al 30,4% bajo el nuevo método contable
  • EBITDA ajustado incrementado a 146,5 millones de euros desde 126,1 millones
  • Margen EBITDA ampliado al 15,1% desde el 13,8% en 2023
  • Saldo de caja fortalecido a 192,6 millones de euros desde 110,1 millones

La empresa mantuvo una plantilla de 17.695 profesionales al cierre del año. A pesar de los vientos macroeconómicos en contra, el COO Vikram Sehgal expresó satisfacción con el desempeño de 2024 y confianza en el inicio de 2025. El informe anual auditado y el estado del primer trimestre de 2025 se publicarán el 15 de mayo de 2025.

Nagarro는 글로벌 디지털 엔지니어링 선도 기업으로서 2024 회계연도에 강력한 재무 실적을 보고했으며, 매출은 9억 7,200만 유로에 달해 전년 대비 6.6% 성장했습니다. 회사는 환율 변동을 제외한 고정 환율 기준으로 7.2% 성장을 달성했습니다.

주요 재무 하이라이트는 다음과 같습니다:

  • 새 회계 기준 하에 총이익률이 30.4%로 개선됨
  • 조정 EBITDA가 1억 4,650만 유로로 1억 2,610만 유로에서 증가
  • EBITDA 마진이 2023년 13.8%에서 15.1%로 확대됨
  • 현금 잔고가 1억 9,260만 유로로 1억 1,010만 유로에서 강화됨

회사는 연말 기준 17,695명의 전문가 인력을 유지했습니다. 거시경제적 어려움에도 불구하고 COO Vikram Sehgal은 2024년 실적에 만족감을 표하며 2025년 초에 대한 자신감을 나타냈습니다. 감사된 연간 보고서와 2025년 1분기 보고서는 2025년 5월 15일에 발표될 예정입니다.

Nagarro, leader mondial en ingénierie numérique, a annoncé de solides résultats financiers pour l'exercice 2024, avec un chiffre d'affaires atteignant 972,0 millions d'euros, soit une croissance de 6,6 % par rapport à l'année précédente. L'entreprise a réalisé une croissance de 7,2 % à taux de change constant.

Les points financiers clés comprennent :

  • Amélioration de la marge brute à 30,4 % selon la nouvelle méthode comptable
  • EBITDA ajusté en hausse à 146,5 millions d'euros contre 126,1 millions
  • Expansion de la marge EBITDA à 15,1 % contre 13,8 % en 2023
  • Renforcement de la trésorerie à 192,6 millions d'euros contre 110,1 millions

L'entreprise a maintenu un effectif de 17 695 professionnels à la fin de l'année. Malgré un contexte macroéconomique difficile, le COO Vikram Sehgal s'est déclaré satisfait des performances de 2024 et confiant pour le début de 2025. Le rapport annuel audité et le communiqué du premier trimestre 2025 seront publiés le 15 mai 2025.

Nagarro, ein weltweit führendes Unternehmen im Bereich digitale Ingenieurleistungen, meldete starke Finanzergebnisse für das Geschäftsjahr 2024, mit einem Umsatz von 972,0 Millionen Euro, was einem Wachstum von 6,6 % im Jahresvergleich entspricht. Das Unternehmen erzielte ein Wachstum von 7,2 % bei konstanten Wechselkursen.

Wesentliche finanzielle Highlights umfassen:

  • Die Bruttomarge verbesserte sich auf 30,4 % nach neuer Rechnungslegungsmethode
  • Das bereinigte EBITDA stieg von 126,1 Millionen Euro auf 146,5 Millionen Euro
  • Die EBITDA-Marge wuchs von 13,8 % im Jahr 2023 auf 15,1 %
  • Der Kassenbestand wurde von 110,1 Millionen Euro auf 192,6 Millionen Euro erhöht

Das Unternehmen beschäftigte zum Jahresende 17.695 Fachkräfte. Trotz makroökonomischer Herausforderungen zeigte sich COO Vikram Sehgal mit der Leistung 2024 zufrieden und zuversichtlich für den Start ins Jahr 2025. Der geprüfte Jahresbericht und der Quartalsbericht für Q1 2025 werden am 15. Mai 2025 veröffentlicht.

Positive
  • Revenue grew 6.6% YoY to €972.0 million (7.2% in constant currency)
  • Gross margin improved to 30.4% under new accounting method
  • Adjusted EBITDA increased 16.2% YoY to €146.5 million
  • EBITDA margin expanded to 15.1% from 13.8% in 2023
  • Cash balance strengthened to €192.6 million from €110.1 million
Negative
  • Loans and borrowings increased to €329.6 million from €274.7 million
  • Revenue growth rate of 6.6% shows deceleration compared to previous years
  • Headcount decreased to 17,695 professionals, indicating potential capacity constraints
  • Revenue of €972.0 million
  • Gross margin of 30.4%
  • Adj. EBITDA margin of 15.1%

MUNICH, April 29, 2025 /PRNewswire/ -- Nagarro, a global digital engineering leader, today announced its preliminary unaudited financial numbers for its full year ended December 31, 2024. Revenue grew to €972.0 million in 2024, up from €912.1 million in 2023, a YoY growth of 6.6%. The constant currency growth in annual revenue was 7.2%. Nagarro has revised the definition of cost of revenues from Q1 2024 onwards to align it better with that of other IT services companies. Gross profit in 2024 grew to €295.8 million as per the current method (30.4% gross margin) and €253.9 million as per the previous method (26.1% gross margin), up from €235.7 million in 2023 as per the previous method (25.8% gross margin). Adjusted EBITDA grew to €146.5 million in 2024 from €126.1 million in 2023. Adjusted EBITDA margin grew to 15.1% in 2024, up from 13.8% in 2023.

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Nagarro's cash balance at the end of 2024 was €192.6 million as against €110.1 million at the end of 2023. Nagarro's loans and borrowings at the end of 2024 were €329.6 million as against €274.7 million at the end of 2023. The company reported 17,695 professionals as of December 31, 2024.

Vikram Sehgal, COO and co-founder, said, "We are pleased to have delivered a robust 2024, despite the macro headwinds, and we have had a sound start into 2025. We are also excited about the many changes we are making to deliver profitable growth reliably in the years to come."

Nagarro will publish both the audited annual report for 2024 and the unaudited quarterly statement for Q1 2025 on May 15, 2025.

KPI

2024
(preliminary, unaudited)

2023

Estimated growth (preliminary, unaudited)

Revenue

€972.0 million

€912.1 million

6.6% YoY
7.2% YoY in constant currency

Gross profit
(current method)

€295.8 million

N/A


Gross profit
(previous method)

€253.9 million

€235.7 million

7.7% YoY

Gross margin
(current method)

30.4 %

N/A


Gross margin
(previous method)

26.1 %

25.8 %


Adjusted EBITDA

€146.5 million

€126.1 million

16.2% YoY

Adjusted EBITDA margin

15.1 %

13.8 %


About Nagarro

Nagarro, a global digital engineering leader, helps clients become fluidic, innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Enterprise vision. Nagarro employs about 17,700 people in 38 countries. For more information, please visit www.nagarro.com.

(FRA: NA9) (SDAX/TecDAX: DE000A3H2200) (ISIN: DE000A3H2200) (WKN: A3H220)

For inquiries, please contact press@nagarro.com.

Logo: https://mma.prnewswire.com/media/844192/3850575/Nagarro_Logo.jpg

 

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SOURCE Nagarro

FAQ

What is Nagarro's (NGRRF) revenue growth in 2024?

Nagarro reported revenue of €972.0 million in 2024, representing a 6.6% year-over-year growth from €912.1 million in 2023. In constant currency terms, the growth was 7.2%.

How much did Nagarro's (NGRRF) EBITDA margin improve in 2024?

Nagarro's Adjusted EBITDA margin increased to 15.1% in 2024, up from 13.8% in 2023, with Adjusted EBITDA growing to €146.5 million from €126.1 million.

What is Nagarro's (NGRRF) cash position at the end of 2024?

Nagarro's cash balance at the end of 2024 was €192.6 million, significantly higher than the €110.1 million reported at the end of 2023.

How has Nagarro's (NGRRF) gross margin changed in 2024?

Under the new accounting method, Nagarro's gross margin was 30.4% in 2024. Using the previous method, gross margin improved to 26.1% in 2024 from 25.8% in 2023.

What is Nagarro's (NGRRF) total workforce as of December 2024?

Nagarro reported 17,695 professionals as of December 31, 2024.
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