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Investing.com -- Adesso (ETR:ADNGk) reported second-quarter results that topped expectations for both sales and operating profit, sending shares up more than 15% in Frankfurt trading.
Revenue rose to €356.14 million from €313.96 million a year earlier, exceeding the €349 million forecast in a FactSet consensus.
EBITDA jumped 95% year-on-year to €19 million, beating expectations of €12 million and representing a margin of 5.4%.
The consolidated loss narrowed to €1.89 million from €6.64 million, with a loss per share of €0.34 compared with €1.02 a year earlier.
“Demand for Adesso’s digitalisation services remained at a good level, with the result that capacity utilisation of its own employees improved compared with the first half of the previous year. This was partly due to the reduced momentum in new hires,” the company said in the release.
The company expects a much stronger earnings contribution in the second half of 2025, supported by seven additional working days compared with the first half and further license agreements.
Full-year guidance remains for revenue of €1.35 billion to €1.45 billion and EBITDA of €105 million to €125 million.
Commenting on the report, Jefferies analysts said Adesso’s Q2 print demonstrated "strong sales growth and an improving profitability."
"Demand continued to grow across all of its core industries, with the exception of the cyclical automotive sector. This positive trend is tempered by a slightly deteriorating macroeconomic outlook," they noted.